Ally Financial reported Wednesday (July 17) that its net charge-offs (NCOs) in the second quarter rose in comparison to the same quarter a year earlier,...
The companies collecting Americans’ student loans, auto loans and medical payments have some work to do. That’s according to a report issued Tuesday (July 2) by the Consumer...
Yendo, a FinTech offering a credit card tied to users’ car equity, is $165 million richer. The company announced the new funding — $150 in debt financing,...
Banks are seeing a slide in demand for loans — at the same time that they’re tightening lending standards. And the pressures, as noted in...
Equipment finance company Odessa has entered the auto industry. The company has launched an originations platform called Odessa Auto and plans to grow it into a full-service end-to-end auto...
Open Lending appointed its chief financial officer, Chuck Jehl, to the additional roles of chief operating officer and interim CEO after Keith Jezek resigned as CEO and board member....
England’s financial watchdog is taking a long look at the way lenders financed car loans. And that investigation could have broader implications for the country’s...
The pressures of increased debt burdens are put in stark relief with the latest data from the central bank. And the burden is felt keenly...
Chase has joined CarGurus’ multilender financing platform, expanding options for consumers looking to prequalify for auto financing online. The bank joins Capital One, Global Lending Services and Westlake Financial as a participating lender...