Fitch: Auto ABS outlook negative
The performance of auto loan and lease ABS deals has been revised to negative from stable due to coronavirus concerns, ...
Tag: Coronavirus
Jaguar owner to spin off cars unit to seek strategic allies
Tata Motors Ltd., the Indian owner of Jaguar Land Rover, plans to separate its cars business from trucks and buses, ...
CFPB delays data collection in response to COVID-19
The Consumer Financial Protection Bureau has postponed data collections from financial institutions in response to the COVID-19 pandemic, the consumer ...
Remote living drives car sales to crisis levels
When the global financial system crashed back in 2007, auto lenders described the situation as a confluence of one-off events ...
Ally Financial pumps up Carvana partnership with $2B credit line
Ally Financial has doubled used-car retailer Carvana’s line of credit to $2 billion over the next year, the companies announced ...
Congress mulls delayed payments as SAAR plummets
New vehicle sales forecasts are quickly deteriorating as the coronavirus pandemic spreads across the nation. In fact, vehicle sales will ...
Fintech relationships in the age of COVID-19 [Webinar]
Auto lenders have been steadily beefing up digital initiatives throughout the years, and the coronavirus pandemic is set to put ...
Fed announces $100B in TALF loans to bolster auto ABS
The Federal Reserve announced today the revival of its term asset-backed securities loan facility (TALF) to provide increased access to ...
