October 2, 2025 - 00:07
IRVING, Texas, Oct. 01, 2025 — Arra Finance, LLC, a prominent player in the subprime indirect auto finance sector, has successfully finalized its acquisition of the auto finance division from Crescent Bank. This strategic move is set to enhance Arra's capital stack, allowing for a more robust funding structure and significantly increasing its origination capacity.
The acquisition marks a pivotal moment for Arra as it positions itself for accelerated growth in the competitive subprime auto financing market. By integrating Crescent's established operations and resources, Arra aims to broaden its service offerings and improve access to financing for consumers with less-than-perfect credit histories.
With this development, Arra Finance is not only expanding its market presence but also reinforcing its commitment to providing innovative financing solutions. The company is poised to leverage its enhanced capabilities to better serve its customers and drive future growth, solidifying its role as a key player in the auto finance industry.
October 1, 2025 - 07:37
Light Secures $30 Million in Series A Funding for AI-Driven Finance SolutionsLight, a cutting-edge finance platform leveraging artificial intelligence, has successfully raised $30 million in a Series A funding round. This impressive amount will support the company`s mission...
September 30, 2025 - 22:48
Global Finance Reveals the Top 50 Safest Commercial Banks for 2025In a recent announcement, Global Finance has unveiled its prestigious list of the world`s 50 safest commercial banks for the year 2025. This annual ranking is highly anticipated in the financial...
September 30, 2025 - 04:54
New Tariffs Announced by Trump Targeting Softwood Timber and Lumber ProductsIn a significant move, former President Donald Trump has announced a new set of tariffs aimed at softwood timber, lumber, and upholstered products. This decision is expected to have wide-reaching...
September 29, 2025 - 17:55
Ambac Financial Group Finalizes Sale of Legacy Financial Guarantee Operations to OaktreeNEW YORK, September 29, 2025—Ambac Financial Group has officially completed the sale of its legacy financial guarantee businesses to Oaktree Capital Management. This strategic move marks a...