Finance & Insurance

The Federal Reserve stayed the course on the benchmark interest rate last week, highlighting expectations for a rough road ahead for the U.S. economy. Until the coronavirus crisis ends, the lending environment will likely remain under duress. Opportunities remain in the new-car market — but one economist says...

Leasing, which comprises nearly one-third of new-vehicle sales, dropped in April to the lowest levels since 2015 as the coronavirus pandemic collapsed the top two leasing markets in the country and automakers saturated the market with loan incentives. Rising customer demand prompted automakers to pull back on many...

The estate contends Ford's captive finance arm could not have acted in good faith, as the bank "unquestionably knew or should have known" about Reagor Dykes' fraud schemes.

Aggressive automaker incentives bring an end to the credit environment benefiting credit unions and banks, Experian says.

Experian is the second credit bureau to report lower auto delinquencies in the first quarter, which likely were aided by government and lender assistance granted in the weeks following pandemic-related closures.

The coronavirus pandemic has been challenging, but it has also been an opportunity to innovate, launch new products and reach customers in creative ways.