In what economists said was “universally expected,” the Federal Reserve left the federal funds target rate unchanged on Wednesday. The Federal Open Market Committee (FOMC) kept that rate at a range of 4.25% to 4.50% and reiterated a deliberate approach ... [Read More]

Santander Consumer USA received more than just an auto-finance applicant’s credit score and risk assessment from FICO. At the FICO World Conference on Wednesday, FICO announced Santander has won a 2025 FICO Decisions Award for its use of machine learning. ... [Read More]

Westlake Portfolio Management (WPM) is back in the business of absorbing outstanding portfolios. The subsidiary loan servicing company of Westlake Technology Holdings has entered into a servicing agreement with Mechanics Bank Auto Finance (MBAF) to oversee and manage its portfolio ... [Read More]

Equifax reported earlier this year that consumer debt in auto loans and leases has surpassed $1.7 trillion, exceeding credit card and student loan debt. Equifax also said delinquencies have increased by 7% year-over-year, reaching a three-year high. It’s trends like ... [Read More]

Matt Burke is one of the best among his peers in Dallas. The president and COO of Agora Data has been named to the Dallas Business Journal’s 2025 40 Under 40 list for his transformative leadership and contributions to the ... [Read More]

A proposed order detailed by the Federal Trade Commission this week gave auto finance companies clear bullet points of what not to do when it comes to their collections activities. In developments outside of automotive, the FTC alleged that Global ... [Read More]

While overall consumer credit balances remained largely stable, the March edition of CreditGauge from VantageScore offered deeper insight into the subprime credit tier and auto financing. When looking only at subprime consumers — what VantageScore pegs as individuals with scores ... [Read More]