Executives inside and outside of automotive who might already be skeptical of what happens in Washington, D.C., probably aren’t surprised a major federal agency conducted a closed-door meeting. But the Federal Trade Commission acknowledged that it orchestrated one last week ... [Read More]

On Monday, Southern Auto Finance Co. (SAFCO) welcomed Brian Hopper as its new senior vice president and chief risk officer, bringing more than 20 years of expertise in risk management and strategic portfolio oversight to the company that specializes in ... [Read More]

Xcelerate Auto, a Texas-based provider of electric vehicle leasing, financing and warranty solutions, recently introduced a new payment option for its XCare EV Protection plan. Through an exclusive partnership with Service Payment Plan (SPP), Xcelerate now can enable customers to ... [Read More]

The Consumer Financial Protection Bureau recently released a report examining federal and state-level privacy protections for consumers’ financial data. The regulator said its report noted that protections under federal regulations for financial data have limits. Yet, officials pointed out many ... [Read More]

Cox Automotive began the year by selling its product cancellation and refund tool to F&I Sentinel. Then on Monday, Vitu, an innovator in vehicle-to-government (V2Gov) technology, announced it has entered into a definitive agreement to acquire the Dealertrack registration and ... [Read More]

On Thursday, Open Lending Corp. released a Near- and Non-Prime Consumer Brief, the latest installment in its quarterly series of data reports on vehicle registrations. Despite continued challenges in the vehicle market, the report highlighted new-vehicle registrations have risen and ... [Read More]

Beyond the rankings of finance companies for how they met consumer expectations, a focal point of the J.D. Power 2024 U.S. Consumer Financing Satisfaction Study was what analysts classified as “financially vulnerable.” J.D. Power measures the financial health of any ... [Read More]

Both Equifax and TransUnion discussed delinquency in auto finance this week, with one of the credit bureaus highlighting the rate associated with subprime used-car paper booked less than a year ago. TransUnion indicated that serious consumer-level delinquency rates — contracts ... [Read More]

Endurance on Tuesday announced the launch of its social impact initiative, Endurance Cares, with two donations totaling $20,000. The provider of auto protection plans in the U.S. said these contributions are part of Endurance Cares’ mission to foster community growth ... [Read More]

The Dealertrack Credit Availability Index in October posted the largest month-over-month increase in auto credit access since March 2022. Cox Automotive reported this week that the index reading came in at 94.5 in October, up 2.2% from the September reading ... [Read More]