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Arra Finance targets speed, dealer ties for growth
Arra Finance is emphasizing speed and strong dealer relationships as it pursues significant growth in the subprime lending market this...
Auto outstandings up 0.9% in Q4 (Big Wheels)
Auto outstandings industrywide inched up year over year but were largely unchanged quarter over quarter in Q4. Motor vehicle loan...
Banks want U.S. consumer regulator back to undo rules they loathe
Financial companies were rarely shy about their issues with the Consumer Financial Protection Bureau. But a largely shuttered consumer watchdog...
UACC originations decline 19.5%
Vroom subsidiary United Auto Credit Corp.’s originations declined in the fourth quarter while liquidity improved as the company looked to...
Auto lenders benefit from capital boost as spreads tighten
An influx of available capital has contributed to tighter spreads and increased lender liquidity, leading to some having excess funds...
Ally Financial refocuses with an eye toward auto business
Digital bank Ally Financial's multiyear restructuring initiative reduced headcount, streamlined operations and implemented new technology, and now the $197 billion...
RumbleOn F&I down 17.2%
Powersports retailer RumbleOn’s finance and insurance revenue fell year over year in the fourth quarter amid lower retail sales in...
Nissan appoints Espinosa as CEO after Honda takeover turmoil
Nissan Motor Co. named company insider Ivan Espinosa to replace Chief Executive Officer Makoto Uchida and helm the battered Japanese...
