Resilient economy keeps interest rates stable

SubPrime Auto Finance News Staff

With two more opportunities to announce a move before the end of the year, trends are pointing toward the Federal Reserve using at least one of them to modify interest rates after passing on the chance this week. The Federal Open Market Committee (FOMC) kept the federal funds rate at 1 percent to 1.25 percent,... Read More

SubPrime Auto Finance News Staff

This week, F&I Express welcomed Crystal Fusion Technologies to its network of aftermarket providers, which now total more than 140 companies. Crystal Fusion manufactures Ultra-Hydrophobic coatings for windshields to enhance visibility in bad weather and strengthen the glass. Crystal Fusion also offers a windshield... Read More

SubPrime Auto Finance News Staff

Experian Automotive reported that credit unions held a 20.3-percent market share of all auto financing during the second quarter, up from 18.7 percent a year earlier. GrooveCar is looking to help credit unions boost the figure even more during this quarter through what the company is calling its Ultimate... Read More

SubPrime Auto Finance News Staff

For the third time in about 13 months, the Justice Department has reached a settlement with a finance company for violating the Servicemembers Civil Relief Act (SCRA) in connection with vehicle repossessions. This time Westlake Financial Services and its subsidiary, Wilshire Consumer Capital, have agreed to pay $760,788... Read More

SubPrime Auto Finance News Staff

ALS Resolvion contends it now has room to grow for the next decade. The repossession management and skip-tracing services provider recently moved into a larger facility in Charlotte, N.C., to accommodate its rapid ascent in the marketplace. With its new facility, Used Car Week sponsor ALS Resolvion highlighted that... Read More

7 differences between career seekers and job seekers

SubPrime Auto Finance News Staff

While Cox Automotive’s latest workforce study uncovered some startling data and Hireology presented some branding suggestions, Automotive Personnel chief executive officer Don Jasensky reiterated the seven differences he has seen between “job seekers” and “career seekers.” Jasensky insisted... Read More

SubPrime Auto Finance News Staff

For the second time in about a year, Credit Acceptance is dealing with an attorney general subpoena. The finance company acknowledged late on Friday through a filing with the Securities and Exchange Commission that it received a subpoena from the Mississippi attorney general on Aug. 14. Credit Acceptance said the... Read More

SubPrime Auto Finance News Staff

Dealer Marketing Services, the makers of ProMax, on Monday announced significant enhancements to its certified integration with Dealertrack. ProMax is a certified partner of most major dealer management systems, and has offered a certified integration with Dealertrack since 2009. The newly updated two-way integration... Read More