manilatimes20h
Self Inspection Secures $3 Million to Accelerate AI-Powered Vehicle Inspections for Car Loans and Fleet Management
Westlake Financial, the largest privately held finance company in the automotive industry, handles over a million vehicle ...
RBI Repo Rate Cut: Will your loan EMIs decrease?
RBI’s 25 bps repo rate cut will bring relief to borrowers by lowering EMIs across loans. This move aims to make borrowing more affordable and boost spending.
RBI cuts repo rate by 25 bps: FD rates may come down -Here's what investors can do
The repo rate (repurchase rate) is the interest rate at which the central bank lends money to commercial banks when there is a shortage of funds.
RBI will allow ample time for implementing changes regarding ECL, LCR: Gov
RBI Governor Sanjay Malhotra says market determines rupee depreciation, touches on necessary regulations surrounding ...
American Banker15d
Auto repos by third parties spiked after pandemic: CFPB
The Consumer Financial Protection Bureau found that auto lenders' use of reposession agents spiked to nearly 70% in 2022, up from 31% in 2018, resulting in higher costs for consumers.
Car buyers’ bills in question after Houston-area Mitsubishi dealership shuts down — customers are now stuck with 2 car payments, no paperwork. Here’s what happened
Bayside Mitsubishi's sudden closure leaves customers with unpaid trade-in loans and no paperwork. Legal battles and financial ...
FTSE falls and Wall Street heads lower as US job creation slows in January
US stocks traded lower after fresh data showed the economy added 143,000 jobs in January, fewer than the 175,000 expected by ...
SouthFlorida Reporter4d
Understanding the Rising Risk of Vehicle Repossession: What You Need to Know
The Consumer Financial Protection Bureau (CFPB) recently highlighted a troubling trend: more vehicles are eligible for ...
Stocks rise as traders await Amazon earnings and UK rate cut and US jobs data
US stocks rose on Thursday as investors digested company earnings and awaited e-commerce giant's Amazon (AMZN) results due ...
Investing16d
Auto repossessions surpass pre-pandemic levels, CFPB report shows
CFPB Director Rohit Chopra pointed out that supply chain disruptions and higher interest rates have pushed up the costs of buying and financing a car. He emphasized the importance of enabling ...
Auto Remarketing15d
CFPB focuses on forwarders in new report about repossessions
Additionally, the bureau said finance companies were increasingly more likely to use third parties — forwarders — to manage the repossession process ... and finance a car,” CFPB director ...