TALF-backed auto ABS deals unlikely until Q3
The auto industry might not see its first securitization backed by the Federal Reserve’s term asset-backed loan facility (TALF) until ...
Tag: Coronavirus
Weekly Wrap: Lender liquidity and automaker furloughs [Video]
This week the auto lending industry continues to be negatively impacted by the COVID-19 economic crisis. Auto Finance News uncovered ...
Santander’s liquidity to prop up lender through pandemic
Santander Consumer USA’s total funding and liquidity is likely to sustain the subprime lender through the COVID-19 economic crisis. SCUSA ...
Digital Motors, CarOffer, PointPredictive aid ailing industry
At least three service providers in the auto finance industry are waiving certain fees or subscription costs for lenders and ...
8 startups seeking to fill tech gaps spurred by COVID-19 [Demos]
The coronavirus outbreak has accelerated auto finance’s transformation into a digital-first industry, and it is vital for auto lenders to ...
Third week of big US jobless claims sees 6.61 million filings
Americans applied for unemployment benefits in massive numbers for a third straight week, bringing the total to about 16.8 million ...
VW considers options for record $3.6 billion dividend
Volkswagen AG is considering whether to pay out a record 3.3 billion-euro ($3.6 billion) dividend as planned, or use at ...
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 ...
