Tag: vice president
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Auto dealers and lenders keep tabs on CFPB again
LAS VEGAS — The federal Consumer Financial Protection Bureau has once again become more assertive, with auto lenders and their associations closely monitoring the agency’s activities. ... -
PV, CV should improve further; 2W, tractors continue to be red, Auto News, ET Auto
The shortage of electronic components has had a minor impact on the production of vehicles which are mainly sold in the domestic market. New Delhi: Continuing ... -
Newest reactor at TVA’s Browns Ferry nuclear power plant completes record life and other economic news
Browns Ferry reactor completes record run The newest reactor at TVA’s Browns Ferry nuclear power station completed a record run over the weekend and is now ... -
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Cox Automotive Accelerated Title® Reaches 100th Lender Milestone
Chief Economist of Cox Automotive Jonathan Smoke expects consumer demand to remain strong and vehicle supply to remain weak in the first half of 2022. As ... -
Central Maine auto dealers struggle with supply chain squeeze
AUGUSTA — As local auto dealerships roll out sales incentives related to Presidents Day, they continue to face severe inventory and parts shortages as they experience ... -
Navy Fed Creates Online Investment Tool
Federal Navy Branch in Douglasville, Ga. The Navy Federal Credit Union is offering its members monthly subscriptions to a new service that allows them to manage ... -
Explained: Why New Car Sales Are Falling While Used Cars Are Booming In India
NEW DELHI: Sales of passenger vehicles fell 10.7% in January 2022 from a year earlier as shortages of semiconductors continued to create supply shortages, the Federation ... -
What Happens If You Default on a Loan?
Editorial Independence We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner ... -
Intel’s big solution for chip shortage is a big factory in Ohio
Picture: Intel Intel has big plans for Ohio, lawmakers want to know what Tesla’s plans are in one of China’s most beleaguered regions, and Renault is ... -
How to set up a fraud alert to protect your credit and identity
Identity theft and fraud have been on the rise for years. While the exact numbers vary widely and are likely underreported, the Federal Trade Commission received ... -
Auto Industry: Windshields the New AR Platform
Drivers can expect to see augmented reality images on the windshields of more vehicles in the coming years. Three partnerships announced over the last month aim ... -
Kia partners with Autochek to offer low-cap auto loans – The Sun Nigeria
Through Moses Akaigwe In With the aim of making the acquisition of new vehicles easy and accessible, Kia Nigeria has partnered with Autochek to offer future ... -
State residents must have access to credit | Letters to the Editor
Over the weekend I read a comment in The New Mexican of Santa Fe In the state’s view, it lacked leadership when it came to regulating ... -
Tata Motors partners with Bandhan Bank for the financing of passenger vehicles
MUMBAI: In a constant effort to make car ownership an easy process for customers and adding to the celebrations of the year offerings, Tata Motors, India’s ... -
Lucid chooses Bank of America as loan partner
Lucid’s use of a bank for its funding mirrors similar moves from other electric vehicle startups. Start-up automaker Lucid announced Monday that it has chosen Bank ... -
PenFed Credit Union Receives Four 2021 Sarpy County People’s Choice Awards | Nebraska
OMAHA, Neb., Dec. 3, 2021 /PRNewswire/ — PenFed Credit Union, the nation’s second largest federal credit union, today announced it was selected by the readers of ... -
Lucid Group Appoints 3 Industry Veterans to Key Roles in Engineering, Sales, as Company Prepares for Growth – FutureCar.com
author: Eric Walz The Lucid Air was designed to be one of the most advanced electric vehicles in the world. Electric automaker Lucid Group is stepping ... -
New variant casts shadow over Thailand Motor Expo over concerns an outbreak could affect industry
Uncertainty over the new variant of Covid-19 Omicron hangs over the opening today of the Thailand International Motor Expo as companies promote their new electric vehicle ... -
Letters to the Editor: Auto Industry Readers Write, Critical Race Theory | Speak out
Keep the electric vehicle playground level Mr. Editor: As a Honda associate and longtime Calhoun County resident, I am deeply concerned about the recently proposed legislation ... -
Her dream of working in fashion collapsed. Now, a microcredit can be the chance for this CT woman of “financial mobility”.
Jennifer Marie Lopez was supposed to intern for fashion giant Betsey Johnson, but life got in the way. Lopez marked the internship offer at a technical ... -
Chicago high interest loans target black neighborhoods
Pointing out that high interest loans are proliferating in Chicago’s non-white neighborhoods is a bit like saying the skies are blue or the grass is green, ... -
Finding opportunity in the personal loan space
Personal loans have exploded in popularity, with balances tripling over the past 10 years to become the fastest-growing segment of the consumer debt market. Â And there ... -
Westlake Capital Finance Now Offers Commercial Mortgage Rates As Low As 3.99% | National company
âWe are delighted to announce this exciting new offering,â said Lauren Barnard, Director of Commercial Real Estate Lending at Westlake Capital Finance. âOur program continues to ... -
Rocket Mortgage’s Profits Slip In Q3 As It Courts Homebuyers
Rising interest rates have cooled its red hot refinancing business, but Rocket Mortgage says itâs on track to become the nationâs number one retail purchase loan ... -
Westlake Capital Finance Now Offers Commercial Mortgage Rates As Low As 3.99% | Business
LOS ANGELES – (BUSINESS WIRE) – November 5, 2021– Westlake Capital Finance (WCF), a subsidiary of Westlake Technology Holdings, announces new commercial real estate loan rates ... -
Elite French Auto Tech Companies Tour in the United States, Eye CES
Unfortunately, the automotive world doesn’t always find its way to the doors of startups with brilliant connectivity and autonomous technology. And sometimes, automakers and Tier 1 ... -
goeasy Ltd. Reports Record Results for the Third Quarter
Loan Portfolio of $1.90 billion, up 60%Revenue of $220 million, up 36%Adjusted Operating Income of $85.8 million, up 51%Adjusted Quarterly Net Income of $46.7 million, up ... -
Miami Dade College to Receive TD Bank Grant for Scholarships to Increase Minorities and Women in Tesla START Program
Miami, Nov. 1, 2021â¯â Miami Dade College (MDC) was recently awarded a $25,000 grant from TD Bank, Americaâs Most Convenient Bank®, to increase the number of ... -
‘Consumer Reports’ investigates auto loans, finds bad news everywhere
Consumer reports spent a year on an auto loan investigation report. The magazine’s findings are hardly surprising to car enthusiasts – a frightening number of people ... -
Vingroup launches race for Asian brands of electric vehicles in the United States and Europe
HANOI – Vietnam’s largest conglomerate Vingroup is pushing hard as it prepares to enter Western auto markets with its first electric vehicles, just a few years ... -
Big Three Auto Executives 2021: Ford Motor Co.
William Clay Ford Jr.Executive Chairman,Chairman of the Board of Directors Ford has been a member of the companyâs board of directors since 1988 and has been ... -
The day – GMC expects record Sierra pickup sales as it struggles to keep up with demand
GMC is on track to achieve record sales of its heavy and light Sierra pickup trucks this year despite continued limited inventory amid a global shortage ... -
2021 elections: 20-year-old newcomer challenges Onondaga County 3rd district lawmaker
Syracuse, NY – Matt Johnson was elected class president during his second, junior and senior years at East Syracuse-Minoa High School. Now the 20-year-old is targeting ... -
Energy transition facing a mining crossroads
This opinion piece was submitted by Katie Sweeney, Executive Vice President and General Counsel of the National Mining Association Today more than ever, mining policy is ... -
Nightmare Before Christmas: Unresolved Senate Debt Limit Position Risks Financial Crash
The myopic partisanship that is the predominant pursuit of Congress these days reached an apparent stalemate last week over a critical vote to raise the federal ... -
Tesla headquarters to move from Silicon Valley to Texas, Elon Musk informed
Tesla headquarters to move from Silicon Valley to Texas, Elon Musk informed âI am delighted to announce that we are moving our headquarters to Austin, Texas,â ... -
Upstart pairs AI loan decision tech with auto retail platform
The artificial intelligence lending platform Upstart has launched an omnichannel dealership tool derived from the Prodigy platform that features immediate approval of auto loans. The debut ... -
Upstart Launches First Automotive Retail Software With AI-Enabled Funding
SAN MATEO, Calif .– (COMMERCIAL THREAD) – Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, announced today Upstart auto retail software, including AI-based financing. ... -
Fleet Planning: When Your Plan is Out the Window – Rental Operations
Flexibility is key in future planning, allowing you to look at new ways to acquire and finance new vehicles in a pinch. Photo courtesy Jeffrey Smith via ... -
Chopra confirmed as next CFPB director; FTC departure leaves are split equally – Finance and Banking
United States: Chopra confirmed as next CFPB director; Departure leaves FTC evenly divided 05 October 2021 Kelley Drye & Warren LLP To print this article, simply ... -
Nucor Affiliates Announces Two Acquisitions |
CHARLOTTE, North Carolina, October 1, 2021 / PRNewswire / – Nucor Corporation (NYSE: NUE) today announced two acquisitions on behalf of The David J. Joseph Company ... -
Production related incentive program to help Indian automotive industry in several ways
Production related incentive program to help Indian automotive industry in several ways The recently announced Production Incentive Program (PLI) with an expenditure of Rs 25,938 crore ... -
The Dacia Duster will be a hybrid by 2024
Following the fallout from Carlos Ghosn’s departure from the Renault / Nissan / Mitsubishi Alliance in 2018, the Renault group was severely beaten, the action dropping ... -
A dedicated lender | CUNA News
If Gary Hull was a credit union in Kansas, he would rank No. 12 out of 77 in total loans outstanding. Hull, assistant vice president of ... -
It is the “golden age” of American consumer credit, according to this Voya portfolio manager
Americans still want to follow the Joneses. This is one of the main lessons to be learned some 18 months after the start of the pandemic, ... -
Why the token shortage is a spoiler, Auto News, ET Auto
The global crisps shortage that power modern gadgets and cars are disrupting the business plans of industries large and small. A disturbance Reliance Jio delayed the ... -
ABC-7 at Noon: GECU Financial Minute on new Auto Trade-In Discount Program
EL PASO, Texas — GECU’s Vice President of Consumer Lending Daniel Vasquesz joined ABC-7 at Noon to discuss the new GECU Auto Trade-In Discount Program. Here’s ... -
Low Inventories Mean Big Profits for Automakers, Less Choice for Consumers | Automatic features
DETROIT – Strong consumer demand keeps all three Detroit automakers bullish on second-half profits, even as a global microchip shortage is expected to continue into next ... -
Chase Ultimate Rewards® Adds Air Canada’s Aeroplan Loyalty Program to its Line of Point Transfer Partners
WILMINGTON, Del., & MONTREAL – (COMMERCIAL THREAD) – Today, Chase, the largest co-branded card issuer in the United States and Air Canada, Canada’s largest airline and ... -
Global supply chains collapse as virus variant and disasters strike
LONDON / BEIJING, July 23 (Reuters) – A new global wave of COVID-19. Natural disasters in China and Germany. A cyber attack targeting the main South ... -
Head of U.S. Department of Energy Loan Programs on Being a “Catalyst” for Wall Street and Why the Current Pace of Deployment for Climate Solutions in the United States is “Wholly Unacceptable”
WASHINGTON–(BUSINESS WIRE)–âToo much money and not enough projectsâ is how the head of the DOE Loan Programs Office characterizes the current pace of deployment for climate-related ... -
Jeep Wrangler Xtreme Recon package adds 35 ” tires, suspension lift, $ 3,995 to price
Jeep unveiled the Xtreme Recon package for the Jeep Wrangler at the 2021 Chicago Auto Show. The set adds 17-inch by 8-inch bead-lock wheels wrapped in ... -
Auto financing hits all-time high
KARACHI: Auto financing by banks hit an all-time high of Rs297.5 billion in Pakistan as consumersâ appetite for owning a vehicle shifted to top gear apparently ... -
NMAC CEO Kevin Cullum joins Auto Finance Summit for a fireside chat
Kevin Cullum, president and chief executive, NMAC Kevin Cullum, president and chief executive of Nissan Motor Acceptance Company, will kick off the Auto Finance Summit with ... -
Automotive industry, consumers impacted by recent shortages – WHIO TV 7 and WHIO Radio
Those who are in the market for a new car may find it difficult to choose one, as the auto industry currently suffers from two issues. ... -
Evans abandons Volvo franchise and focuses on other brands
âThe challenge is that the return on your investment isn’t really there,â said the longtime Dayton car dealership. “The amount of complexity he added to this ... -
Synchrony to Participate in the Morgan Stanley US Financials, Payments & CRE Conference
STAMFORD, Conn., June 7, 2021 /PRNewswire/ — Synchrony (NYSE: SYF) Executive Vice President and Chief Financial Officer, Brian J. Wenzel, will participate in a fireside chat ... -
Detroit Free Press Beyond Signing: Phoebe Wall Howard
As part of our growing coverage in the free press, we’re adding a new feature, Byline Backstories. These are short interviews with various Free Press staff ... -
EV residual values will challenge automakers, like Toyota
“We’ve been financing [electrified vehicles] for over 20 years, so we’re not scared about financing them,” said Mark Templin, CEO of Toyota Financial Services. “The only ... -
Nexteer workers challenge legitimacy of UAW contract
To find out more about the formation of a basic committee at Nexteer or at your workplace, Register now today. On May 21, United Auto Workers ... -
LoanDepot partners with Farm Bureau Bank
LoanDepot.com LLC, a subsidiary of LoanDepot Inc., and Agricultural Bureau Bank announced a new joint venture, Farm Bureau Mortgage. Based in Reno, Nevada, Farm Bureau Bank ... -
Auto insurance group APCIA tells RI lawmakers it doesn’t oppose certain charges
Repairers having difficulty with reimbursement of body shop costs might wish to direct the customer or local expert or appraiser to the reviews of the country’s ... -
LoanDepot and Farm Bureau Bank® launch Farm Bureau Mortgage
SCOTTSDALE, Arizona., June 3, 2021 / PRNewswire / – LoanDepot.com, LLC, a subsidiary of LoanDepot, Inc. (NYSE: LDI), the nation’s second-largest retail mortgage lender, and Farm ... -
Covid-19 restrictions cause auto industry shipments to slow in May
NEW DELHI: With most of the country on lockdown in May due to Covid-19 restrictions, sales for the month remained modest as companies waited for a ... -
Avant appoints Matt Bochenek CEO
CHICAGO, May 24, 2021 / PRNewswire / – Before, a leading financial technology company that provides a full suite of digital banking products to middle-income U.S. ... -
30 Professionals Take On New CU Industry Roles
Source: Rawpixel.com/Shutterstock WEST Tim Spencer The $850 million, Bakersfield, Calif.-based Safe 1 Credit Union hired Tim Spencer as EVP of lending. Spencer brings more than 34 ... -
FAW-Volkswagen sees huge potential for Chinese car market
CHANGCHUN, May 22 (Xinhua) – Sino-German joint venture FAW-Volkswagen continues to occupy a leading position in the world’s largest automobile market and looks to a bright ... -
Apollo, JPMorgan, and SVB Leerink
Marianne Lake is a frontrunner to succeed Jamie Dimon as CEO of JPMorgan. Richard Drew/AP Here’s a rundown of news on hires, exits, and promotions from ... -
Insurance Comparison Site Jerry Raises $28 Million
Auto insurance comparison site Jerry has raised $28 million in new financing. The startup, which operates as a licensed insurance broker, plans to use the money ... -
Tricolor Expands Leadership Team to Meet Growing Demand for
DALLAS, May 19, 2021 (GLOBE NEWSWIRE) — Tricolor, a tech-enabled Community Development Financial Institution (CDFI) and the nationâs largest used vehicle retailer and lender for the ... -
Open Westerra Credit Union loan brands to lenders
AUSTIN, Texas, May 18, 2021 (GLOBE NEWSWIRE) – Open Lending (NASDAQ: LPRO) provides loan analysis, risk-based pricing, risk modeling, and default insurance to auto lenders across ... -
Report: household debt increases slightly in the first quarter
Household debt rose $ 85 billion, or less than 1%, to $ 14.64 trillion in the first quarter of 2021, according to the quarterly report from ... -
Dealers See Shortage of New Cars Due to Limited Supply of Microchips
Last year, the auto industry was hit hard by the COVID-19 pandemic. Locked-in orders put factories on the back burner, and for a time dealerships had ... -
Is This One Of The Best Ways To Play The Electric Vehicle Boom?
Electric vehicle sales jumped 43% in 2020 while overall car sales decreased by 20%, and thereâs still plenty of room to run on the electric playing ... -
Senator Reverend Warnock Cements Key Bipartisan Bill Provisions To Accelerate Job Growth In Georgia
(Photo: Warnock for Georgia) This week, U.S. Senator Rev. Raphael Warnock succeeded in securing provisions in key bipartisan legislation that will support manufacturing jobs in Georgia ... -
Stellantis cuts second shift at Jeep Cherokee plant
Stellantis NV is cutting nearly 1,700 jobs at its Jeep Cherokee plant in Illinois, the transatlantic automaker said on Friday, the latest example of how the ... -
TD Bank Names Alissa Van Volkom as Head of U.S. Consumer Deposits, Products and Payments
“Alissa’s expertise and ability to drive product strategy and operations from an outside-in perspective make her uniquely well-positioned to drive growth, efficiency and profitability, while still ... -
Credit cards aren’t part of the US borrowing frenzy – Orange County Register
Americans increased their borrowing to a record $ 14.6 trillion in March, thanks to home and auto loans. But the growth masked what researchers at the ... -
Refreshed VW Tiguan ’22 arrives this fall
FARMINGTON HILLS, MI – Volkswagen brand executives would admit they were slow to join the wave of SUVs and CUVs that began to consume the American ... -
AutoNation, America’s Most Admired Auto Retailer, Has # 1 Most Positive Reviews, By Reputation
FORT LAUDERDALE, FL., May 11, 2021 / PRNewswire / – AutoNation, Inc. (NYSE: AN), America’s largest and most admired auto retailer, AutoNation, today announced it has ... -
Private auto loans: definition, uses, how to find one
What is a private car loan? A private car loan allows you to finance a vehicle that you buy from a private owner. âMillions of private ... -
Looking to Buy a Used Car? Expect High Prices, Few Options
A monthslong rise in used-car sales has left bargain-hunters with increasingly limited options on lots across the U.S. The average price paid for a preowned vehicle ... -
UPDATE 2-BioNTech to build mRNA manufacturing site in Singapore
Bloomberg Chinese tech giants bet $ 19 billion on global electric car frenzy (Bloomberg) – China is shaping up to be the first real test of ... -
Car sales pick up in Q4 2021 – Manila Bulletin
The domestic auto industry is expected to recover in the fourth quarter of 2021 and regain momentum through 2022, according to investment and banking officials. House ... -
Disrupted supply chain: here’s everything you can’t get right now
Chicken, wood, microchips, gas, steel, metals, chlorine and ketchup: what do they all have in common? They are all (almost) impossible to find. Shortages are emerging ... -
Shortages in the United States 2021: Gas and wood prices soar; Ketchup hard to find | List of main industries
NEW YORK – Chicken, wood, microchips, gas, steel, metals, chlorine and ketchup packets: what do they all have in common? They are all (almost) impossible to ... -
American Axle philanthropist and co-founder Mort Harris dies at 101
Mort Harris, who co-founded automotive supplier American Axle & Manufacturing Inc. and gained fame for his philanthropy, has died at the age of 101. The former ... -
Conexus Analyzes Indiana Manufacturing Microchip Supply Disruption – WISH-TV | Indianapolis News | Weather Indiana
INDIANAPOLIS (Inside INdiana Business) – Workers at Subaru’s Indiana Automotive plant in Lafayette return to work this week, after a two-week vacation, due to a global ... -
Subaru Forester just scored its best details of April and its new 2022 model
Subaru of America has announced that the 2021 Subaru Forester achieved its April bestseller. Subaru delivered 19,452 Forester models to customers last month, up from 9,431 ...