GrooveCar added three new features to its vehicle-buying platform for credit unions; enhancements the company says are designed to continue to support the platform’s mission of boosting credit union engagement and lead generation. The highly responsive design has made the ... [Read More]

Stemming from an effort to unionize workers, Santander Consumer USA on Friday afternoon vehemently refuted claims contained in a report distributed by the AFL-CIO, National Employment Law Project and Committee for Better Banks about how the finance company’s collections department ... [Read More]

House and Senate lawmakers wasted little time in using Congressional Review Act (CRA) authority to start an effort to stop the Consumer Financial Protection Bureau’s final rule prohibiting the use of class action waivers in arbitration clauses. The CRA permits ... [Read More]

As experts and policymakers shared a variety of economic trend updates and observations, Fitch Ratings summarized that record-setting payment performance isn’t likely to simply last forever. But at the same time, Fitch reiterated that deterioration of auto finance performance — ... [Read More]

How contract holders in your auto finance portfolio make future payments continues to be an evolving topic, as a recent survey conducted by Viewpost showed. Viewpost, a network for invoicing, payments and cash management, produced a survey of American consumers ... [Read More]

Well, the clock now is officially running with regard to the Consumer Financial Protection Bureau’s final rule prohibiting the use of class action waivers in arbitration clauses. The rule appeared in the Federal Register on Wednesday, meaning that barring a ... [Read More]

Used-vehicle service contract and related finance and insurance product provider GWC Warranty has released Dealer Portal 2.1 — the latest batch of enhancements to GWC’s online dealer resource center. The company highlighted Dealer Portal 2.1 contains a series of new ... [Read More]

ACA International elected its new 2017-2018 board of directors and officers this past week as part of the 2017 Convention & Expo in Seattle. New members joining the board for three-year terms are: • Albert Cadena, president and chief executive ... [Read More]

Perhaps the auto loan component of the S&P/Experian Consumer Credit Default Indices is becoming a game of “how low can you go?” A month after the rate tied a 10-year low, S&P Dow Jones Indices and Experian released data through ... [Read More]

If a federal investigation into your dealership or finance company ever happens, perhaps here is some good news regarding how it might unfold. Federal Trade Commission acting chairman Maureen Ohlhausen on Monday announced several internal process reforms in the agency’s ... [Read More]