Browsing: Auto

How secured auto loans work Source link

Key insight: Tricolor CEO Daniel Chu, COO David Goodgame were arrested Tuesday for allegedly defrauding nine banks and financial institutions. The auto lender’s CFO Jerome Kollar…

Key Insight: The Consumer Financial Protection Bureau’s proposal comes as auto loan delinquencies are hitting their highest levels in decades. What’s at Stake: Banks object to reduced…

Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016.David A. Grogan | CNBCBillionaire investor Carl Icahn took a significant stake in auto-service…

Key insight: Even amid challenging conditions for the auto industry, Ally Financial posted third-quarter earnings that outpaced analysts’ estimates.Supporting Data: Ally’s earnings per share for the quarter…

What’s at stake: JPMorganChase recorded a $170 million charge-off in connection with Tricolor’s bankruptcy. While that’s a drop in the bucket for America’s biggest bank, the…

Key Insight: Some 10,000 cars across the country are at the center of the contention as Tricolor’s bankruptcy case kicks off.What’s at Stake: The subprime auto…

Key Insight: Lendbuzz is the latest fintech to join a resurging IPO market.Supporting Data: Lendbuzz H1 2025 revenue $172.9 million (38% YoY); net income $11.1 million…

Key Insight: Tricolor’s business model differed from other auto finance companies, which could have contributed to its problems.What’s at Stake: It’s unclear how many more lenders…

6 steps to get the best auto loan rates Source link