With the auto finance default rate in December rising above 1 percent and new data showing more than 7 million people with a contract 90 days or more delinquent, it might be a busy year for repossessions and recoveries. To ... [Read More]

A quartet of analysts took a deep look at the auto finance data after the Federal Reserve Bank of New York’s Center for Microeconomic Data released its Quarterly Report on household debt and credit on Tuesday. At first blush, it ... [Read More]

Whether it’s during company conference calls or coffee-shop chatter, many individuals with an interest in auto financing are keeping a close watch on this tax season, especially in light of the longest government shutdown already unfolding to begin 2019 and elected ... [Read More]

All of the metrics Westlake Technology Holdings shared about its 2018 performance headed in directions that would please just about any executive team or board of directors. And the company already is aiming for double-digit improvement this year. The company ... [Read More]

Effective immediately, Matt Ruszkowski has been named president and chief operating officer of Carleton, a provider of compliant consumer loan calculations and lending document generation software. A company news release indicated Ruszkowski will lead Carleton’s experienced executive leadership team toward ... [Read More]

AUL Corp. recently promoted one of its managers who has been with the vehicle service contracts administrator for more than a dozen years. According to a news release, AUL president and chief executive officer Jimmy Atkinson has elevated Deonna Frank ... [Read More]

Along with sharing an update involving investigations by state-level authorities in two locations, Credit Acceptance went through a series of year-end figures to detail its 2018 performance. And to go with data about income and originations, the subprime auto finance ... [Read More]

Dealerships, especially ones located in the Southeast that have business relationships with SunTrust Banks and BB&T Corp., soon will be working with just one financial institution. The banks announced on Thursday that both companies’ boards of directors have unanimously approved ... [Read More]

Dumb question: Who wants to make more money? We all do, of course. But is opening your business to more credit-challenged consumers worth chasing more delinquencies and repos? Good question; and one that becomes problematic if you don’t take the ... [Read More]

ID Analytics recently rolled out a tool specifically tailored for finance companies looking to buy a little deeper while still having solid footing with its underwriting. The Symantec company and consumer risk management provider recently announced Credit Optics Full Spectrum ... [Read More]