After spending part of this week in Phoenix at the annual conference hosted by the Consumer Bankers Association, Consumer Financial Protection Bureau director Richard Cordray will be back on Capitol Hill on Wednesday for his next appearance in front of the U.S. House Financial Services Committee. Since Cordray’s last appearance before the committee back in […] [Read More]

Less than a month after announcing an investment by CUNA Mutual Group, direct-to-consumer auto loan platform SpringboardAuto.com formed a partnership this week to enhance its position in the credit union space. SpringboardAuto.com created a relationship with MeridianLink — the developer of a multi-channel account opening and loan origination platform — to provide its credit union […] [Read More]

In almost nine years of covering the auto auction business, one of the coolest parts of the job has been to see how the people behind these auctions and the remarketing industry, in general, selflessly pitch in when the going gets tough for a neighbor. We see that each year when National Auto Auction Association […] [Read More]

Missouri Auto Auction will play host to the top auctioneers from North America and the U.K. during this year’s World Automobile Auctioneers Championship. Scheduled for April 15 at the auction’s Columbia, Mo. location, the event will also be webcast live on NIADA.tv starting at 8 a.m. (CST). "We are pleased to sponsor this year's World […] [Read More]

One of the biggest areas of growth for the auto business in recent years, and one particularly impactful for franchised dealers, has been certified pre-owned car sales. Even after five straight years of record years, we may only be scratching the surface for CPO. In an emailed Q&A with National Automobile Dealers Association chairman Jeff Carlson ahead […] [Read More]

The inaugural Women & Automotive event is coming up soon — in fact, the new conference will hit the automotive scene in less than a month on April 6 at the Westin Harbour Castle. And conference organizers at Cherokee Media Group are happy to make two exciting announcements concerning the Women & Automotive agenda. First […] [Read More]

Still reinforcing a projection that bankruptcy filings would could to decrease this year, the American Bankruptcy Institute reported that total U.S. bankruptcy filings dipped just 1 percent in February compared to the same period last year. According to data provided by Epiq Systems, bankruptcy filings totaled 64,662 in February, down slightly from the total posted […] [Read More]

Last year saw Canada’s average new-car loan term eclipse 72 months, with terms longer than six years making up roughly 60 percent of the car loan portfolios of the country’s largest financial institutions. This is just one key finding in Financial Consumer Agency of Canada’s recently released Auto Finance: Market Trends report, which highlights the […] [Read More]

ADESA, a business unit of KAR Auction Services, announced it has promoted a new regional vice president for Eastern Canada. General manager of ADESA Montreal Simon Robitaille has been chosen for this role. In his new role, Robitaille will be responsible for providing guidance throughout the region and helping to expand and enhance operations in […] [Read More]

RSM partner Ronnie Lee and his accounting team recently conducted research among specialty finance firms regarding fraud. After sharing some of the details of the company’s research findings, Lee also spelled out four ways finance company managers can deter and detect fraud. “Overall, we found that roughly half of all firms we contacted had experienced […] [Read More]