In separate public appearances this week, two members of the Federal Reserve Board gave similar, upbeat assessments about the economy and the prospects for steady performance next year. However, one of the prominent measurements of consumer sentiment showed that individuals ... [Read More]

As part of our collection of podcasts originating from Used Car Week 2019, Nick Zulovich shared a conversation with the leadership of the National Automotive Finance Association. Current president Joel Kennedy and executive director Jack Tracey discussed what they’re hearing ... [Read More]

The Massachusetts attorney general recently landed a judgment against an independent dealership totalling nearly $1 million for nearly a half dozen allegations. Attorney general Maura Healey recently announced this judgment includes restitution to consumers to resolve allegations that the dealership in ... [Read More]

After revealing a change in its latest quarterly report about how dealer fees are collected, Credit Acceptance Corp. also recently shared the details about its completion of a $351.7 million asset-backed non-recourse secured financing. Pursuant to this transaction, Credit Acceptance ... [Read More]

Consumers appear to have a notable desire to purchase a vehicle amid the upcoming holiday shopping season. Their sureness that a finance company will underwrite the contract so they can take delivery doesn’t appear to be on the same level. ... [Read More]

While a bit higher than the year-ago reading, the latest auto-finance default rate included among the S&P/Experian Consumer Credit Default Indices is on par with what the metric has been in October multiple times during the past five years. This ... [Read More]

A banking merger first announced back in February finally received a blessing from federal regulators on Tuesday. The Federal Reserve Board met and approved the application by BB&T Corp. of Winston-Salem, N.C., to merge with SunTrust Banks of Atlanta, becoming ... [Read More]

Resolvion — the newly formed provider of loss mitigation services stemming from the recent merger of ALS Resolvion and Del Mar Recovery Solutions — added a well-known executive to its board. Resolvion announced on Wednesday that Tim Russi, former vice ... [Read More]

Coming on the heels of multiple discussions during Used Car Week 2019 about improving efficiencies during the recovery process, a pair of KAR Global business units rolled out key platform enhancements meant to accomplish that objective. Recovery Database Network (RDN) ... [Read More]

The seasonal impact Kroll Bond Rating Agency (KBRA) expected to see when analysts assembled their latest prime and non-prime indices of the automotive asset-backed securities (ABS) market arrived in October. KBRA reported auto loan ABS credit performance weakened again in ... [Read More]