auto loans

Banks’ Auto Loan Delinquency Data Hints at Rocky Road Ahead
Banks’ Auto Loan Delinquency Data Hints at Rocky Road Ahead
May 03, 2023  |  Consumer Finance

For U.S. consumers, the juggling act of which bills to pay — and when — is real. To that end, the loan data from bank...

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Earnings Season Lifts Hood on Auto Loan Delinquencies, Paycheck-to-Paycheck Pressures 
Earnings Season Lifts Hood on Auto Loan Delinquencies, Paycheck-to-Paycheck Pressures 
January 30, 2023  |  Loans

Earnings season and PYMNTS’ own data signals the difficulty of  keeping wheels on the road — literally. As economies reopen, many firms are returning to...

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Capital One Card Spending Up 9% as Credit Loss Provisions Triple
Capital One Card Spending Up 9% as Credit Loss Provisions Triple
January 24, 2023  |  Credit Cards

Capital One Financial’s latest results show consumers continue to spend, but a modestly worse economic outlook has boosted allowance for credit losses. CEO Richard Fairbank...

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CFPB Levies Record $3.7B Fine on Wells Fargo
CFPB Levies Record $3.7B Fine on Wells Fargo
December 20, 2022  |  Regulation

The CFPB fined Wells Fargo a $3.7 billion fine for its handling of loans and banking programs. The record penalty, announced Tuesday (Dec. 20), exceeds the...

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Subprime Auto Loan Bond Delinquency Rate at 5.13% in October
Subprime Auto Loan Bond Delinquency Rate at 5.13% in October
November 08, 2022  |  Loans

The percentage of subprime auto loan borrowers who have fallen behind on payments has risen by more than a percentage point over the last year. ...

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Lendbuzz Secures $150M Credit Facility to Expand Number of Auto Loans
Lendbuzz Secures $150M Credit Facility to Expand Number of Auto Loans
November 01, 2022  |  Loans

Auto finance platform Lendbuzz has secured a $150 million credit facility from J.P. Morgan and will use it to help expand the number of borrowers...

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MercadoLibre, Creditas Team to Offer Used Car Loans in Mexico
MercadoLibre, Creditas Team to Offer Used Car Loans in Mexico
July 28, 2022  |  Partnerships

South American eCommerce giant MercadoLibre and Brazilian financial service firm Creditas have joined forces to allow MercadoLibre users to apply for used car loans in...

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New Car Payments Exceed $1,000 for 12% of Buyers Amid Supply Chain Snarls
New Car Payments Exceed $1,000 for 12% of Buyers Amid Supply Chain Snarls
July 05, 2022  |  Economy

The average monthly payment for new luxury cars is up, with more than 12% of consumers financing a car with over $1,000 in monthly payments...

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Embedded Finance FinTech Alviere Partners With AutoPayPlus
Embedded Finance FinTech Alviere Partners With AutoPayPlus
March 01, 2022  |  Fintech Investments

Alviere, the embedded finance tech platform, has announced that AutoPayPlus will be the first automotive industry company to sign on to its suite of services,...

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