A month after making its first move with respect to interest rates in almost a decade, the Federal Reserve on Wednesday chose to pass on increasing the federal funds rate any further. The Federal Open Market Committee (FOMC) decided to ... [Read More]

Less than two months after Mark Floyd took the reins again as chief executive officer of Exeter Finance Corp., the interim leader used SubPrime Auto Finance News as a conduit to relay a message to dealers already in the subprime ... [Read More]

Electronic payment and banking solutions provider ACI Worldwide announced this week that finance company Veros Credit has selected its UP Bill Payment Solution to provide customers a wide variety of convenient choices for paying their auto loans — including debit ... [Read More]

Autoscribe Corp. brought on Myles Locke as its new chief financial officer this week. Locke spent the past 17 years in various leadership roles in payments, finance and card processing, including vice president of finance and vice president of corporate ... [Read More]

The Association of Finance & Insurance Professionals (AFIP) highlighted this week that Gulf States Financial Services Group’s entire dealer-support team completed the AFIP Certified F&I Professional program. AFIP executive director David Robertson conducted a review and proctored the certification exam ... [Read More]

With observers saying, “the consumer economy looks good,” the auto loan portion of the S&P/Experian Consumer Credit Default Indices remained steady for December. Analysts from S&P Dow Jones Indices and Experian determined the auto loan default rate was unchanged from ... [Read More]

SpringboardAuto.com, a new direct-to-consumer auto loan platform, added two executives to its board of directors who bring decades of experience from their time with Capital One and Ford Motor Credit. The company announced on Monday that its board now has ... [Read More]

The Federal Trade Commission recently rolled out a new resource catering to Hispanics in an effort to curtail what the regulator believes are potential pitfalls in the vehicle purchasing and financing process. Officials highlighted their newest Spanish-language fotonovela — a ... [Read More]

There could be new curves for dealers to navigate this year on the regulatory road, a path that can sometimes wind and change course with little notice. Some of those twists in 2016, says Randy Henrick of Dealertrack Technologies, may ... [Read More]

The battle for captive auto finance business in the future will be won — or lost — in the world of digital real estate, according to Jonny Combe, general manager of product and channel development at BMW Group Financial Services. ... [Read More]