In today’s world where it might seem the only auto-finance element lengthening in time involves terms of consumers’ retail installment sales contracts, Digital Recognition Network (DRN) and American Recovery Service (ARS) are reaching a significant milestone — their 10th anniversary of doing ... [Read More]

Apparently, federal lawmakers heard the concerns from banks, credit unions and finance companies about the challenges of preparing for significant accounting changes in connection with reserving for losses. A day short of three weeks after a proposal surfaced from six ... [Read More]

Launcher is looking to help not only well-established subprime auto finance companies, but also shops looking to get a toehold in the space while they stretch their limited resources. The technology provider specializing in loan originations, recently announced the release ... [Read More]

Protective Asset Protection recently shared a new set of data analysis showing how much average claims have increased annually for GAP payouts and vehicle service contract (VSC) claims dating back to 2014. The provider of F&I programs, services and dealer ... [Read More]

On Friday, Kroll Bond Rating Agency shared its latest analysis of the auto asset-backed securities market, noting that May showed mixed credit performance across securitized marketplace. Analysts reported that annualized net losses in KBRA’s Tier 1 index fell 95 basis ... [Read More]

After a successful pilot program, Westlake Financial Services now is catering to dealers that want to retail vehicles with branded titles to consumers who need to finance these purchases. According to a news release distributed last week, Westlake said it ... [Read More]

For finance companies that like to book as much used-vehicle paper as they can originate, the latest Experian data shows institutions are not having to take on as much risk to fill that portion of their portfolio objectives. Findings from ... [Read More]

On Thursday, the Federal Communications Commission will consider a proposal the chairman calls bold action to help consumers block unwanted robocalls but is being questioned by 10 different industry associations, including the American Financial Services Association. FCC chairman Ajit Pai ... [Read More]

AUL Corp., in partnership with Vision Dealer Solutions, recently launched an AUL branded F&I menu platform. AUL chief information officer Jose Fleites explained these menus are touch-based sales tools containing all of the F&I options dealers can offer to vehicle ... [Read More]

Fortegra Financial Corp., a leading international specialty insurer and subsidiary of Tiptree, recently announced a new partnership with Carleton, which offers financial calculation software. The partnership is designed to provide a seamless interface for lending platforms to easily and accurately ... [Read More]