A year after surveying nine large auto lenders in a pilot, the Consumer Financial Protection Bureau is proposing an annual data collection initiative. It would include details such as the margins dealerships applied to indirect auto loans.
Only two companies stood out in our evaluation.
Generative Artificial Intelligence (Gen AI) can significantly transform the auto finance and leasing industry by cutting operating costs and improving efficiency, according to a report.
According to the report, to get the most out of new AI technologies, leasing players can deploy agentic systems, that is, ...
More Americans are struggling to make their monthly car-loan payments, a sign that lower-income consumers are under growing financial pressure. The share of subprime auto loans that were 60 days or ...
A new study by VantageScore—a company that helps decide people's credit scores—revealed that the number of Americans falling behind on car payments has increased over 50 percent in the past 15 years.
When the Fed announces a rate cut, it feels like the kind of headline that should instantly make life cheaper. Lower rates? That must mean a lower car payment, right? Not so fast. This is one of the ...
While also looking closer at the subprime segment as well as credit unions, S&P Global Ratings acknowledged five primary ingredients likely will create “further deterioration” of outstanding auto ...
State Farm, USAA, Geico and Progressive earned the top scores.
The Day I Realized My Family’s Safety Was Just Code Away
You can discuss any car related issue or specific OBD error code from your car with this AI Chat Assistant.
When most of us hear the word “loan,” our minds immediately picture a heavy burden. After all, many of us take loans to buy a car, home…
More borrowers fell significantly behind on their car payments last month — and experts say the resumption of student-loan payments could be a contributing factor. Car loans delinquent by at least 60 ...
Student-loan forbearance offered many borrowers relief - but the resumption of payments is putting an additional strain on those with car loans Since federal student-loan repayment resumed, ...
Car payments can eat up a huge chunk of your monthly budget. According to Experian’s State of the Automotive Market report in late 2024, the average new car payment has ballooned to $737. Read Next: 4 ...
In this article, we share a timeline of our monthly "bites" for 2023 applicable to the auto finance industry. We think it's safe to say that the auto finance industry was top of mind to the CFPB. Read ...
Whether you want affordable rates or premium service, see our editor top picks for the best car insurance companies that ...
Sep 10, 2009 (EWORLDWIRE via Comtex) -- Bridgeforce, a leading consultancy in credit, collections, and risk management, announced the addition of Chris Barry to its leadership team. Barry is an auto ...
CORAL SPRINGS, FL, October 30, 2023—Cloud applications for personalizing consumer billing and payment experiences can make a big difference in whether auto finance companies get paid and keep loans ...
Imagine a world where thieves can steal your car without even touching it. Where they can simply use a device to intercept the signal from…