Wells Fargo and Volkswagen Financial Services entered a multiyear, co-branded agreement in the third quarter. “In the first ...

Originations dipped to $10 billion in Q3, 2% YoY and down 7.7% from Q2, while “maintaining strong margins and high-quality credit,” Chief Financial Officer Jeremy Barnum said on Chase’s earnings call ...

Bank of America has “prepared for the worst” by proactively balancing capital needs while achieving positive returns ahead of ...

LAS VEGAS — Powersports lender Octane Lending announced this week that the company has entered the marine market.

LAS VEGAS — Interest rates will need to fall further to make powersports financing more attractive. In its first rate cut in ...

Ford Credit’s Flex Buy program volume is on track to grow 25% year over year. The program allows consumers to make lower ...

Capital One’s loan applications containing synthetic identity fraud have increased about 400% over the past four years.

LAS VEGAS — Tricolor Auto Acceptance has seen a 20% decline in losses since updating its risk model this year. “We upgrade ...

The national average FICO credit score fell by one point to 717 in October 2023, where it’s remained in April and up to the ...

The powersports industry is turbulent, with high interest rates, softened retail demand and swelling inventory highlighting a ...

Subprime lender Consumer Portfolio Services’ application volume is up nearly 16% compared with yearend 2023 despite a dip in ...

Prolonged high interest rates will affect lender appetite in the near term, even with falling vehicle prices and the Federal Reserve’s first rate cut in four years.