auto financing

CarPutty Shifts Gears on How Consumers Finance Their Cars
CarPutty Shifts Gears on How Consumers Finance Their Cars
July 22, 2024  |  Consumer Finance

Outside of their home, or their children’s education, their car is most Americans’ largest purchase. But when it comes to making that purchase, many would-be...

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Yendo Raises $165 Million for ‘Vehicle-Secured’ Credit Card
Yendo Raises $165 Million for ‘Vehicle-Secured’ Credit Card
May 16, 2024  |  Investments

Yendo, a FinTech offering a credit card tied to users’ car equity, is $165 million richer. The company announced the new funding — $150 in debt financing,...

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Report: UK Car Loan Probe Could Hurt Banks
Report: UK Car Loan Probe Could Hurt Banks
February 25, 2024  |  Consumer Finance

England’s financial watchdog is taking a long look at the way lenders financed car loans. And that investigation could have broader implications for the country’s...

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Chase Teams With CarGurus’ for Online Auto Financing
Chase Teams With CarGurus’ for Online Auto Financing
January 29, 2024  |  Consumer Finance

Chase has joined CarGurus’ multilender financing platform, expanding options for consumers looking to prequalify for auto financing online. The bank joins Capital One, Global Lending Services and Westlake Financial as a participating lender...

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Sopra and Vero Partner on Wholesale Auto Financing Solution 
Sopra and Vero Partner on Wholesale Auto Financing Solution 
December 19, 2023  |  Partnerships

Sopra Banking Software (SBS) and Vero Technologies have joined forces to bring digital, wholesale auto financing capabilities to local and regional U.S. banks, credit unions and specialized finance...

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Carputty Deploys AI to Add Transparency to Auto Lending Process
Carputty Deploys AI to Add Transparency to Auto Lending Process
September 14, 2023  |  artificial intelligence

Carputty has added artificial intelligence (AI) solutions to its auto financing platform and says that one-third of the applications it receives are now AI-decisioned. AI makes...

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FTC Highlights Enforcement Actions Related to Financial Abuses
FTC Highlights Enforcement Actions Related to Financial Abuses
June 07, 2023  |  Regulation

The Federal Trade Commission (FTC) undertook enforcement actions around automobile purchasing and financing, payday lending, and credit repair and debt relief in 2022. The agency highlighted...

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AI Lender Upstart Unveils Auto Retail Platform
AI Lender Upstart Unveils Auto Retail Platform
March 09, 2022  |  artificial intelligence

Artificial intelligence (AI) lender Upstart has launched a mobile-first auto retail platform, the company announced in a news release Wednesday (March 9). The Upstart Auto...

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TrueCar Teams With AutoFi On Streamlining Auto Financing
TrueCar Teams With AutoFi On Streamlining Auto Financing
August 04, 2021  |  Partnerships / Acquisitions

Online car retailer TrueCar is now working with AutoFi to give customers more advanced ways to explore auto financing. With the partnership, those who have configured payments with TrueCar...

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