Attorney Tom Oscherwitz warns the auto finance industry not to take its foot off the compliance pedal despite the Trump administration’s systematic dismantling of federal regulatory bodies. +
Southeast Toyota Finance’s Casey Gunnell Jr. will succeed the retired Bill Shope as president while Charles Gruszczynski and Michael Hollis have been promoted to group vice president. +
Sen. Bernie Moreno’s USA CAR Act would allow buyers of American-made vehicles to deduct interest paid on their auto loans, formalizing a tax policy repeatedly floated by President Donald Trump. +
Edmunds analysts say 84-month loans accounted for 19.8% of U.S. new vehicle financing in the first quarter of 2025, an all-time high and a 25.3% increase from the year-ago quarter. +
Experian has launched Cashflow Score, a new solution designed to help finance sources gauge creditworthiness by accessing and analyzing consumer-permissioned transaction data. +
Point Predictive’s latest Auto Lending Fraud Trends Report finds auto finance sources face an estimated $9.2 billion in loss exposure, fueled primarily by “first-party” credit application fraud. +
Edmunds reports the U.S. auto finance market demonstrated stability in the face of uncertainty in February, with modest increases in loan cost, amounts financed, payments and terms. +
InformedIQ.com’s Jessica Gonzalez says a recent U.S. Treasury report proves artificial intelligence is changing the auto finance industry in several ways, enhancing efficiency as well as risk. +
TransUnion now offers a creditworthiness score based on the applicant’s banking activities, potentially adding options for car buyers without access to “mainstream” credit. +
Edmunds’s latest auto finance report finds average monthly payments passed the $750 mark in the fourth quarter, corresponding with an average amount financed in excess of $42,000. +
