Tag Archives: lenders

Assessing the impact of the coronavirus pandemic on a customer’s credit standing is similar to a dean of admissions judging prospective college students: the more information they have, the faster a decision can be made. Likewise, auto lenders’ decisioning processes ascribe values to certain components of a consumer’s credit history, …

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 …

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 …

Two of the largest U.S. auto lenders are embracing caution as the automotive finance industry grapples with uncertainty regarding the duration and severity of the novel coronavirus outbreak. Lenders are weighing heightened risk from consumers impacted by the pandemic against increased competition over fewer deals because of tight new-vehicle inventories …

While the coronavirus pandemic is shifting consumer credit metrics and disrupting marketplace trends, credit and automotive finance experts say lenders are adapting to the changing environment. Lenders have more tools at their disposal for guidance and clarity than they did during the 2008 financial crisis, such as employment verification instruments …

The coronavirus pandemic is far from over. And as some elements of the federal stimulus program — such as additional unemployment funds and financial hardship protections — that have helped keep the U.S. economy afloat come to a close, captive automotive lenders can expect more challenges ahead. One potential area …

The financial security of small U.S. auto lenders during the COVID-19 crisis may be owed, in part, to the advocacy of a Michigan strip club. A U.S. district judge sided with the owner of the Little Darlings topless club in Flint, declaring the business eligible to participate in the federal …

The financial security of small U.S. auto lenders during the COVID-19 crisis may be owed, in part, to the advocacy of a Michigan strip club. A U.S. district judge recently sided with the owner of the Flint, Mich., topless club Little Darlings, who went toe-to-toe with the federal government about …

Major U.S. auto lenders took a beating in the first quarter due to the coronavirus, though most losses cited by the top banks came from preparations for the carnage yet to come. Lenders entered crisis mode at the tail end of March when COVID-19 closures dried up auto sales and …