Financial News

KBRA assigned preliminary ratings to $118.805 million of notes issued by SAFCO Auto Receivables Trust, a subprime auto loan ABS transaction. SAFCO 2022-1 will issue three classes of notes totaling…
Access to auto credit declined for the fourth straight month in August, according to the DealerTrack Credit Availability Index for all types of auto loans. The All-Loans Index declined 0.8%…
Following its recent expansion into tractors and trailers, the RV segment is the third new vertical in 2022 for Octane Lending Inc., a fintech firm. The RV market is a…
S&P Dow Jones Indices and Experian on Sept. 20 released data through August 2022 for the S&P/Experian Consumer Credit Default Indices. The auto loan default rate was six basis points…
Consumer Portfolio Services has partnered with Prodigal to better manage the collections and servicing workforce and process. Prodigal is a consumer finance intelligence solution that uses AI to analyze agent…
Open Lending Corp., an industry provider in lending enablement and risk analytics solutions for financial institutions, will provide clients the ability to offer 84-month terms for new and used vehicles…
Credit Bureau Connection, a provider of credit report and compliance solutions, has appointed Matt Briggs and Jorge de Castro to its Board of Directors. CBC is backed by Capstreet, a …
Copart reported financial results for the quarter and year ended July 31, 2022. For the three months ended July 31, 2022, revenue, gross profit, and net income were $883.4 million,…
Ryder System Inc. has acquired Baton, a San Francisco-based start-up known for its proprietary logistics technology focused on optimizing transportation networks. The acquisition, finalized on August 31, is an extension…
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