Financial News

General Motors Financial Company Inc. announced net income of $369 million for the quarter ended March 31, compared to $202 million for the quarter ended March 31, 2017.Retail loan originations…
Carvana Co. announced the upsize and pricing of its follow-on public offering of 11 million shares of its Class A common stock at a price to the public of $27.50…
Huntington Bancshares Inc. reported strong performance for auto finance in the first quarter. Average automobile loans increased $1 billion in the first quarter, driven by $6.2 billion of new production…
Consumers buy with their hearts, not their minds. That is the best way to sum up the findings of a recent Equifax survey, said Rebecca Kritzman, the firm’s senior director,…
Consumer Portfolio Services Inc. announced earnings of $3.1 million for the first quarter. This compares to net income of $4.5 million in the first quarter of 2017. Revenues for the…
Ally Financial Inc. announced key leadership changes to its auto finance team. Doug Timmerman has been named president of auto finance. Timmerman brings more than 30 years of auto finance…
Consumer Portfolio Services Inc. announced the closing of its second term securitization this year. The transaction is CPS's 28th senior subordinate securitization since the beginning of 2011 and the 11th…
After proving its value with auto finance, FICO is rolling out its Alternative Deal Structure (ADS) to other forms of credit. The auto finance solution allows for the integration of…
Dealers and creditors are cheering the possible repeal of the Consumer Financial Protection Bureau’s auto financing guidance. The Senate approved legislation March 19 offered by Senators Pat Toomey (R-Pa.) and…

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