The Justice Department and Hyundai’s captive finance company settled allegations this week involving repossessed vehicles. Officials announced on Wednesday that Hyundai Capital America has agreed to pay $333,941 to resolve allegations that it violated the Servicemembers Civil Relief Act (SCRA) ... [Read More]

Experian rolled out a new tool on Thursday to help finance companies and other lenders work with consumers who might not be in the prime space or have robust credit histories. The company announced the launch of Cashflow Attributes, a ... [Read More]

The title of a project TransUnion released on Thursday at its 2024 Financial Services Summit (attended by nearly 300 global financial services executives) might have given some frightening flashbacks of struggles with algebra. The new TransUnion study — Solving for ... [Read More]

The Consumer Financial Protection Bureau issued a new report last week that suggested consumers tend to pay more for products that have more complex pricing structures, including auto financing. The CFPB said this report is based on experiments with multiple ... [Read More]

This week, RPM and MBSi Corp. announced a new partnership, aligning their areas of expertise in the auto finance industry. The collaboration involving the non-asset-based logistics and transportation provider and the repossession assignment management software company is designed to help ... [Read More]

Ten intriguing findings surfaced through a survey orchestrated by 700Credit, which interviewed dealerships about their processes for obtaining copies of driver’s licenses from capture to deal jacket storage. The provider of credit reports, compliance solutions, soft pull, and identity verification ... [Read More]

While the overall reading dropped to its lowest level in 12 months, LegalShield’s March Consumer Stress Legal Index (CSLI) is starting to exhibit a pattern seen in the past five presidential election cycles. Researchers explained the relationship of swing-state stress ... [Read More]