The Consumer Financial Protection Bureau’s strategy to regulate how arbitration can occur might become clearer since the agency now has scheduled a field hearing specifically about the topic. On Wednesday, the CFPB announced plans for a field hearing about arbitration; ... [Read More]

Perhaps stable is the best adjective to describe the auto loan default readings included in the latest S&P/Experian Consumer Credit Default Indices. The March reading released this week by S&P Dow Jones Indices and Experian came in at 1.02 percent, ... [Read More]

Vehicle service contract and related finance and insurance product provider GWC Warranty finalized integration this week with defi SOLUTIONS Executives explained that GWC’s integration with defi SOLUTIONS means that auto finance companies and their dealers will be able to seamlessly ... [Read More]

Fitch Ratings insisted that March’s drop in delinquencies connected with U.S. subprime auto ABS — after hitting a 20-year high in February — represents a “reprieve” that is “not likely to last.” According to in the firm’s latest monthly index ... [Read More]

We’ve all heard the news on rising auto loan delinquencies. Since February, auto delinquencies in the subprime market are at their highest rate since 1996. This presents a significant issue since increased delinquencies usually indicate that more defaults will happen ... [Read More]

Digital Recognition Network (DRN) enhanced its workforce in a move to expand the company’s auto finance channels. DRN hired Mike Villanova as director of channel sales, adding a new position and enabling the company to provide the dedicated support needed ... [Read More]

The Consumer Bankers Association asked Georgine Muntz, chief operating officer of defi SOLUTIONS, to be a presenter during its annual conference earlier this spring. After gathering key points from other experts who shared presentations at CBA’s event, too, Muntz decided ... [Read More]

Along with making a move connected with their preferred stock, Ally Financial officials opened their new office space located at 500 Woodward Ave. in downtown Detroit this week. The building, named Ally Detroit Center, will be occupied by more than ... [Read More]

A vivid partisan divide appeared again this week when the U.S. House Financial Services Committee approved a measure that would place budget appropriations for the Consumer Financial Protection Bureau within Congressional jurisdiction. The committee approved what is being called the ... [Read More]

Findings from a recent Autotrader survey released on Wednesday showed 70 percent of respondents expect to receive a tax refund this year. Perhaps better yet for dealerships and finance companies, Autotrader’s survey conducted in February that included 550 U.S. adults ... [Read More]