Tagged: auto loans

SoFi Unveils Auto Loan Refinancing Options on Lantern

  SoFi, one of the most successful fintechs in the U.S., announced on Tuesday it has launched auto loan refinancing through its financial services product comparison platform, Lantern. SoFi reported it launched auto loan refinancing through its partnership with MotoRefi, an auto fintech startup on a… Read More

TransUnion Report Confirms that Credit Activity Keeps Rising from COVID-19 Pandemic Lows, Origination Activity Recovering

TransUnion (NYSE: TRU) confirmed that consumer credit activity keeps rising from the COVID-19 pandemic lows, but some areas like automobile loans (subprime) performance have lagged. As noted in an update published on February 18, 2021, by TransUnion, the company’s Q4 2020 Industry Insights report looks… Read More

RateGenius’ Annual Study Reveals: 2020 Savings on Auto Loan Refinancing Among Highest on Record

RateGenius, a U.S.-based fintech company with a proprietary consumer-lending platform, announced on Tuesday its annual study revealed the current state of the auto refinance market for 2021, finding that savings are at a historical high and interest rates are the lowest they’ve been in years,… Read More

U.S. Fintech RateGenius Surpasses $8.5 Billion in Refinanced Auto Loans

RateGenius, a U.S.-based fintech company with a proprietary consumer-lending platform, announced on Friday it has funded approximately $8.5 billion in auto loans. RateGenius reported that nearly $1 billion of those loans were dispersed in 2020, even though 85% of the company’s team worked remotely for much… Read More

Pagaya Expands into Auto Loans

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

Ablrate Launches Portfolio Loans Product After Topping £30 Million in Total Funding & Securing £3 Million in IFISA Funds

Asset-backed lending platform Ablrate announced on Thursday it launching a new range of portfolio loan lending products. This news comes just after the platform topped £30 million in total funding and achieved £3 million in IFISA funds.  According to Ablrate, Portfolio Loans is described as a new type of loan… Read More

CFPB Orders Servicemember Auto Lender SNAAC to Pay Refunds & Fines

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

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