Tag Archives: auto

Lightico, a software as a service company that connects auto finance customers to lenders through a mobile portal, announced this week that two major auto lenders are using its platform and that it banked a $ 13 million investment. Westlake Financial Services and Capital One Auto Finance both use Lightico’s …

The death of George Floyd this summer while in Minneapolis police custody sparked a resurgence of civil rights demonstrations across the country. It also shined a spotlight on how large corporations and organizations foster diversity and inclusion while also examining whether they create safe and equitable work environments for all …

The last few months have pushed forward the adoption of digital selling, lending and servicing solutions at breakneck speed — and consumers are happy with the changes. However, with great digital services comes great responsibility to ensure that fraud doesn’t grow to an even bigger problem. The shift to digital …

Three factors will be pivotal in shaping the automotive industry’s trajectory, according to Cox Automotive Chief Economist Jonathan Smoke: the spread of COVID-19 and a potential vaccine; the size and timing of an additional round of government stimulus; and the outcome of the 2020 election. But perhaps the most important …

Chase Auto is extending its relationship with Subaru as its primary auto lending partner, both companies said Monday. Per the agreement, Chase will finance loans and leases for the automaker and is the banking partner through which the manufacturer disseminates customer incentives. The agreement also provides support to more than …

Two of the three major auto lenders posted significant increases in auto loan originations in the third quarter and cited improved customer demand and credit metrics in their results. But all three lenders signaled concern that without further government stimulus, consumer auto loan performance could suffer. Auto loan originations surged …

The Consumer Financial Protection Bureau received more complaints about auto loans in the first five months of the pandemic than in any other five-month period since the bureau began tracking the data in its current form starting in April 2017, according to a new report by the U.S. Public Interest …

DETROIT — Ally Financial Inc.’s net income surged in the third quarter as the lender generated its highest level of auto loan and lease originations in five years. The Detroit company reported net income of $ 476 million in the third quarter, a 25 percent increase from last year’s third …

Ford and Lincoln customers can now receive quotes for usage-based car insurance from Ford Motor Co. websites through the automaker’s Ford Insure and Lincoln Motor Co. Insure programs. Ford Insure, a product created by Ford Motor Credit Co., leverages information about consumers’ driving habits into discounts on auto insurance. The …