Tag: Consumer Portfolio Services

Subprime lender Consumer Portfolio Services’ acceptance rate has fallen by 21 percentage points so far this year when compared with ...

Subprime auto lenders posted mixed second-quarter earnings last week as credit tightened amid ongoing interest rate increases. Credit Acceptance Corp. ...

Consumer Portfolio Services tallied decreased originations in the second quarter following credit-tightening actions the lender has taken since the third ...

Consumer Portfolio Services’ originations ticked up on a year-over-year basis as the lender continued to tighten credit and credit performance ...

Consumer Portfolio Services tightened credit considerably and raised interest rates in 2022 to protect margins amid rising costs of funds.   ...

Auto finance company stocks took a beating in 2020, but they were pummeled even further in 2022.  Fears of a ...

Consumer Portfolio Services has closed its first asset-backed securitization deal of the year, a $324.8 million transaction backed by subprime ...

Consumer Portfolio Services is gearing up to launch the latest iteration of its automated origination “scorecard.”    CPS in the first ...