Financial News

Spireon Inc. celebrated growth in 2017. Spireon increased its market share by 8 percent in the auto finance segment for the second half of 2017, compared to the same period…
Auto finance asset-backed security collateral performance improved in February, according to Kroll Bond Rating Agency. However, Non-Prime Index delinquency rates remain at elevated levels, mostly driven by a change in…
Westlake Financial Services announced the launch of its new Titanium program for customers with a 750 FICO score or better. The program provides rates as low as 2.99 percent, amounts…
The Consumer Financial Protection Bureau issued a Request for Information (RFI) about the bureau’s public reporting of consumer complaints. The bureau is seeking comments and information from interested parties on…
TD Auto Finance (TDAF) announced a partnership with AutoGravity. Through this partnership, indirect financing offers through TDAF will be made available to qualified auto buyers using AutoGravity’s digital platform to…
Credit Acceptance Corp. recently announced the completion of a $500 million asset-backed non-recourse secured finance deal. Credit Acceptance contributed finance contracts having a net book value of approximately $625.1 million…
Interest rates on new vehicle finance are expected to soar to their highest point in eight years in February, according to Edmunds. The annual percentage rate on new financed vehicles…
The Conference Board Consumer Confidence Index increased in February, following a modest increase in January. The Index now stands at 130.8, up from 124.3 in January. Consumers’ outlook for the…
The estimated average transaction price (ATP) for light vehicles in the United States was $35,444 in February, according to Kelley Blue Book. New-vehicle prices have increased by $722 (up 2.1…
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