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…
Carvana and SpringboardAuto have teamed up to offer SpringboardAuto customers access to Carvana's national vehicle inventory. The partnership means that SpringboardAuto customers can now apply their online finance approval to…
AutoNation, Inc. announced that its stockholders elected Dr. Jacqueline A. Travisano to AutoNation’s Board of Directors at the 2018 annual meeting. “With decades of experience in operations, finance, marketing, and…
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…
The Consumer Financial Protection Bureau announced a settlement with Wells Fargo Bank N.A. in a coordinated action with the Office of the Comptroller of the Currency (OCC). The Bureau found…
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…
Auto finance made up a majority of charge-offs for Community Trust Bancorp Inc. The Pikeville, Ky.-based bank reported $1.2 million of charge-offs in indirect auto finance in the first quarter.…