The CFPB fined Wells Fargo a $3.7 billion fine for its handling of loans and banking programs. The record penalty, announced Tuesday (Dec. 20), exceeds the...
The percentage of subprime auto loan borrowers who have fallen behind on payments has risen by more than a percentage point over the last year. ...
Auto finance platform Lendbuzz has secured a $150 million credit facility from J.P. Morgan and will use it to help expand the number of borrowers...
South American eCommerce giant MercadoLibre and Brazilian financial service firm Creditas have joined forces to allow MercadoLibre users to apply for used car loans in...
The average monthly payment for new luxury cars is up, with more than 12% of consumers financing a car with over $1,000 in monthly payments...
Alviere, the embedded finance tech platform, has announced that AutoPayPlus will be the first automotive industry company to sign on to its suite of services,...
Motor vehicle refinance FinTech MotoRefi raised $45 million in a Series B funding round led by Goldman Sachs Asset Management, the company said in a...
Immediate disbursements are gaining favor in various industries and sectors. They can eliminate the pain points in business-to-consumer (B2C) transactions by keeping consumers from waiting...
Trouble may be brewing in the key auto finance sector in the months ahead amid the economic fallout from the coronavirus, despite a drop in...