One of the longest-tenured finance companies in the subprime space has paused originations but said, “This is not a closure of business.” Automotive Credit Corp. (ACC) said late Thursday afternoon it will continue to fund all complete contract packages that ... [Read More]

Negative equity can be significant hurdle to clear when dealerships handle trades, as Edmunds recently reported 7.7% of trade-ins toward a new-vehicle purchase during the second quarter were upside down by more than $15,000. Negative equity can be a conundrum ... [Read More]

Coinciding with the Federal Reserve Bank of New York tabulating that total consumer debt surpassed $18 trillion during the second quarter, personal financial management platform Vola Finance rolled out a new loan management dashboard designed to help consumers take control ... [Read More]

While student-loan metrics are deteriorating because of changes in federal policies, auto-loan trends are staying stable. That’s two of the primary findings from the Quarterly Report on Household Debt and Credit released on Tuesday by the Federal Reserve Bank of ... [Read More]

New information from Wolters Kluwer about how much the regulatory landscape has changed since President Trump started his second term prompted experts to say, “this enforcement pullback exceeds even the most aggressive predictions.” According to new data from Wolters Kluwer ... [Read More]

Western Funding is now in the securitization business, too. Late on Friday, the subsidiary company of Westlake Technology Holdings announced the successful closing of its inaugural asset-backed securitization (ABS), WEFUN 2025-1, totaling $400 million. Management said this transaction marks Western ... [Read More]

Even without the aid of an interest rate cut from the Federal Reserve that’s displaying some dissension, TransUnion is bullish about the prospects from auto refinancing. Analysts acknowledged many consumers continue to face pressure on their household budgets, prompting a ... [Read More]

Onbe and Allied Solutions announced a partnership on Thursday designed to help financial institutions, finance companies, dealerships and their clients modernize the automotive refund process. The partnership is fueled by Allied Solutions’ Refund Plus solution, which offers comprehensive support for ... [Read More]

Brad Miller joined ComplyAuto a little more than a year ago after being with the National Automobile Dealers Association. Now, Miller is co-CEO of the regulatory compliance firm developed “for dealers, by dealers.” ComplyAuto announced Miller has been appointed co-CEO, ... [Read More]

Committees not coming to a unanimous decision is common. But what happened at the Federal Reserve on Wednesday involving the decision by the Federal Open Market Committee to leave the federal funds rate unchanged hasn’t unfolded in three decades, according ... [Read More]