Both summertime temperatures and the Dealertrack Credit Availability Index are on upward trajectories. Cox Automotive reported on Thursday that the June index reflected a second consecutive month of improved credit access, rising to 97.3. That’s up from 96.5 in May. ... [Read More]

The pool of consumers potentially falling into the subprime credit tier might grow by nearly 6 million individuals based on the trends connected with student loans recently highlighted by TransUnion. New research from TransUnion revealed that the number of consumers ... [Read More]

For agents, 50 states can mean as many as 50 different sets of regulations to follow when repossessing vehicles. To help them handle those potential complexities, the American Recovery Association launched what it called a “groundbreaking” resource on Wednesday. Called ... [Read More]

The Federal Trade Commission basically said, “Game over,” in connection with what officials dubbed a credit-repair scheme called, “The Credit Game.” The FTC recently announced it is sending more than $3.5 million in refunds to consumers harmed by the operation. ... [Read More]

A busy summer for F&I Sentinel continued Tuesday, as the provider of tech-enabled solutions associated with F&I products in automotive finance appointed Keishawn Batts as vice president of account management. The company said Batts, who F&I Sentinel described as a ... [Read More]

While there’s some stability in used-vehicle financing, Edmunds recently highlighted multiple all-time highs registered during the second quarter for consumers to take delivery of a new vehicle, including the percentage of individuals paying more than $1,000 monthly. At Caribou, the ... [Read More]

Fireworks exploding near the White House and Capitol Hill during Fourth of July were more than just recognizing Independence Day. President Trump and Republicans cheered passage and the signing of the One Big Beautiful Bill into law, which included a ... [Read More]

Used-car financing might be even more appealing for lenders and consumers, especially since Edmunds reported this week that the number of individuals committing to monthly payments of $1,000 or more hit an all-time high during the second quarter. Edmunds noticed ... [Read More]

Vaughn Clemmons might not be an attorney, but the president of the American Recovery Association urged members to use caution when receiving client directives. “Whether from lenders, forwarders, or others, some instructions could place your business or employees in legal ... [Read More]

The American Financial Services Association started the second half of the year by making it official. Celia Winslow is the trade group’s new president and chief executive officer. Winslow succeeds Bill Himpler, who late last year announced plans to retire. ... [Read More]