Within a week of leveraging additional vehicle location data and analytics to mitigate its risk, Westlake Financial Services announced on Tuesday that the finance company issued a $700 million asset-backed securitization backed by approximately $748.7 million of automotive loans and ... [Read More]

Does Richard Cordray possess more power than President Trump? No matter what Trump’s possible tweets might be to the contrary, one of the Constitution experts who testified during a U.S. House hearing on Tuesday declared that, in fact, the director ... [Read More]

Along with taking a longer-term look and investigating how all pools would perform through a credit cycle, S&P Global Ratings reported that collateral performance in the U.S. subprime auto loan asset-backed securities (ABS) sector weakened in 2016 for the fourth ... [Read More]

TrainAndCertify.org, a national provider of training and certification programs for sales and customer service reps in various consumer-centric industries, recently announced its Certified Vehicle Protection Professional (CVPP) certification program. TrainAndCertify.org established the CVPP program via the Academy of Certified Vehicle ... [Read More]

The parade of legal developments leading toward the U.S. Court of Appeals for the District of Columbia Circuit rehearing an important case involving the Consumer Financial Protection Bureau has started in earnest. First, the American Financial Services Association, along with ... [Read More]

Warranty and vehicle service contract administrator AUL Corp. released its 2017 F&I training schedule on Thursday, marking the second year in a row the company is offering F&I training. AUL highlighted its training is designed to provide a tailored education ... [Read More]

Earlier this week, Reynolds and Reynolds announced the release of the Reynolds LAW Maine F&I Library, just a short while after the firm unveiled a similar product for a neighboring state with the rollout of the Reynolds LAW Vermont F&I ... [Read More]

With the federal funds rate ticking up by 0.25 percent to 1 percent as widely expected on Wednesday, Federal Reserve chair Janet Yellen also described the expected median path for the federal funds rate through the close of 2019, which ... [Read More]

Digital Recognition Network (DRN) recently embedded DRNsights, powered by vehicle location data plus analytics, into Westlake Financial’s servicing platform to manage risk and reduce losses. The companies shared that Westlake’s recent monthly performance report showed DRN’s data assisted Westlake with ... [Read More]

The Federal Trade Commission announced on Tuesday that the Sage Automotive Group — which includes nine Los Angeles-based dealerships, its holding and management companies and two individuals — has agreed to pay more than $3.6 million in order to settle ... [Read More]