There’s a new way to revisit that old phrase, “You can take it to the bank.” That’s because dealership finance managers might have been saying those words since Experian highlighted banks reclaimed ground across the automotive finance industry market during ... [Read More]

Earlier this year, a joint announcement from three of the largest repossession organizations — Allied Finance Adjusters, American Recovery Association and Eagle Group XX — reiterated their definitions of eight key terms associated with vehicle repossessions and recoveries. Especially considering ... [Read More]

Advocates are encouraged and concerned following the release of a new report on Tuesday from the U.S. PIRG Education Fund and Frontier Group that analyzed a portion of complaints published by the Consumer Financial Protection Bureau (CFPB). While not specifically ... [Read More]

Kashable, a fintech platform that provides access to “socially responsible credit” and financial wellness solutions for employees, got its own boost of financial resources last week, announcing the closing of a $250 million credit facility. According to a news release, ... [Read More]

The Federal Reserve released a statement recapping chair Jerome Powell being invited to the White House for a meeting with President Trump on Thursday. The statement indicated Powell and Trump discussed economic developments including for growth, employment, and inflation. “Chair ... [Read More]

Two top executives from Ciocca Automotive, a growing automotive group with 54 dealerships in New Jersey and Pennsylvania, recently described what the partnership with Assurant has done for their dealerships’ F&I performance and other parts of the retailer. “We’re already ... [Read More]

The newest data from VantageScore released this week showed that if you want to ignite auto financing, just create a global pandemic or launch tariffs among some of the world’s leading economies. According to the latest edition of CreditGauge from ... [Read More]

Finding an affordable new car for someone with bruised credit is likely pretty difficult nowadays. Kelley Blue Book reported that tariffs pushed new-vehicle average transaction prices up by 2.5% month-over-month in April to $48,699. It was the second-highest increase in ... [Read More]

Cox Automotive reported unique credit applications per dealer using Dealertrack ticked up 2% year-over-year last week. So, does that mean consumers feel more comfortable pushing forward with a financing commitment and taking vehicle delivery? It depends on which reading of ... [Read More]

Gary Perdue and Suzi Straffon each have something extra special to celebrate this holiday weekend. On Friday morning, the National Automotive Finance Association announced Perdue, who is president of Peritus Portfolio Services, has been selected as the 2025 recipient of ... [Read More]