Market drivers for vehicle demand have been more volatile since early 2020 than any time in history and lenders require flexible pricing technology to stay competitive, according to the Competing and Capturing Customers in a Disrupted Auto Finance Market report. The paper published by Earnix,… Read More
Digital lender and non-bank challenger MONEYME Limited (ASX: MME) has surpassed $3 billion in originations since inception, “after 4x growth in FY22 driven primarily by the success of its auto finance product Autopay.” This includes the $1.1 billion in originations by SocietyOne “prior to the… Read More
Pagaya has expanded its consumer credit offering into auto loans, according to the Fintech. With a focus on fixed income and alternative credit, Pagaya is an asset management platform using machine learning and big data analytics to manage institutional money. Pagaya says that hundreds of… Read More
Today, the Consumer Financial Protection Bureau (CFPB) took action against Security National Automotive Acceptance Company (SNAAC), an auto lender with headquarters in Ohio, specializing in loans to servicemembers, for violating a CFPB consent order. In 2015, the CFPB ordered SNAAC to pay penalties for illegal… Read More
On Tuesday, digital financial services company Ally announced the launch of its new online auto finance marketplace, Clearlane. This new platform notably connects consumers with leading auto finance providers to finance or refinance their vehicles. According to Ally, the Clearlane network includes numerous national, regional and local providers,… Read More
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