Daimler Mobility slows origination volume to preserve cash
Daimler Mobility is tightening its origination volume as its parent Daimler AG shifts gears to full cash-preservation mode, said Harald ...
Tag: auto finance
Santander and Vroom ink multiyear deal
Santander Consumer USA has expanded its online financing via a freshly inked multiyear agreement with Vroom, the companies announced today. The partnership ...
Toyota lays off 5,000 temps, postpones North American reopening
Toyota Motor Corp. is laying off about 5,000 temporary staff employed by partner agencies as it extends the shutdown of ...
CECL reporting adds transparency for investors
Increased loss reserves from Current Expected Credit Losses (CECL) requirements, and the resulting transparency required from auto lenders, could ease ...
Weekly Wrap: COVID-19 implications for lenders sink in [Video]
This week the auto lending industry saw the negative impacts of the coronavirus crisis put pressure on captives to maintain ...
Volume declines spur Crescent Bank to furlough auto staff, tighten underwriting
Subprime lender Crescent Bank & Trust has tightened its underwriting policies and furloughed a “significant” number of its staff as ...
CFPB offers guidance on credit reporting during pandemic
The Consumer Financial Protection Bureau (CFPB) today released a policy statement outlining the responsibility of credit-reporting companies (CRA) and furnishers ...
RBS cuts London asset-backed, CLO team on Zoom call
Royal Bank of Scotland Group Plc is pressing ahead with its restructuring plan, trimming its securitized credit team in London ...
