GM bolsters liquidity with extended $3.6B credit line
General Motors has extended $3.6 billion under its three-year revolving credit line to April 2022, just one week after renewing ...
Tag: auto finance
Cap One holds $2B for losses as dealer volume falls 45%
Capital One Financial Corp. has set aside $2.1 billion in reserve for its auto portfolio amid a 45% year-over-year decline ...
3 ways to leverage digital initiatives
With the coronavirus pandemic changing the face of how companies do business, lenders are trying to find new, innovative approaches ...
Despite furloughing staff, Nicholas Financial continues to accept loan applications
Despite furloughing 15% of its employees last week, Nicholas Financial is still accepting new loan applications, several dealers confirmed to ...
U.S. jobless claims at 4.43 million in labor rout’s fifth week
More than 4 million Americans applied for unemployment benefits last week, bringing the five-week total during the coronavirus pandemic to ...
Subprime Nicholas Financial furloughs 15% of staff
Nicholas Financial has furloughed 40 employees — or 15% of its workforce — in response to the COVID-19 crisis, according ...
Regulatory sandboxes, policy changes spur innovation
Regulatory uncertainty remains one of the most significant challenges to finance companies that want to develop creative and innovate products ...
Fifth Third sets aside $129M for auto loan losses
Fifth Third Bank has set aside an additional $129 million in reserve for its indirect consumer loans, which consist predominantly ...
