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Ally Financial boosts Carvana’s credit line, again
Ally Financial has once again added $1 billion to Carvana’s line of credit, putting the two companies’ purchase agreement at...
Lenders embrace digital adoption amid COVID
While auto lenders have been working to improve digital processes for years, the COVID-19 pandemic has accelerated the adoption of...
Will CFPB investigations rise after the election?
Auto lenders could see an increase in new investigations from the Consumer Financial Protection Bureau as early as 2021 if...
Pent-up demand to normalize after COVID spike
Pent-up demand for new and used vehicles is starting to normalize following a spike in May and June, Jonathan Smoke,...
Polaris taps Zero Motorcycles to electrify its off-road vehicles
Polaris Inc. plans to electrify its off-road vehicles and snowmobiles with powertrains purchased from Zero Motorcycles, a California maker of...
Used vehicles shine as sales, transaction prices recover
New- and used-vehicle sales continue to recover from April lows, but have not reached 2019 levels. Total retail sales are...
Weekly Wrap: Regulators step up enforcement
This week, the Consumer Financial Protection Bureau announced an uncharacteristic enforcement action against subprime lender Lobel Financial, columnist Marcie Belles...
Synthetic identities: 1 in 5 have auto loans
More than 1 in 5, or 22%, of false identities created to carry out fraud are connected to auto loans,...
