Perhaps what Equifax chief economist Amy Crews Cutts shared about the thinking of most observers means the Federal Reserve will deliver finance companies the gift of an interest rate adjustment a little more than a week before Christmas. With the ... [Read More]

In a move to highlight the important work being completed by F&I offices at franchised dealerships, the National Automobile Dealers Association rolled out an online campaign this week to tell stories of consumers who saved money by financing new-vehicle purchases ... [Read More]

Perhaps underwriting standards aren’t quite as relaxed now as they might have a been a few quarters ago, but Fitch Ratings still is expecting to see “new entrants” into subprime auto financing during the near term. Along with touching on ... [Read More]

Even one of the experts who specializes in the certified pre-owned vehicle market and is set to appear at Used Car Week for the fifth year in a row joined the discussion about what moves the Federal Reserve might make ... [Read More]

Multiple industry associations disagree with how the Consumer Financial Protection Bureau orchestrates its complaint database. Now a top federal examiner whose primary responsibility is “to detect and deter waste, fraud and abuse,” according to its own website, is questioning how ... [Read More]

BillingTree hired a director of new business development on Tuesday to focus on extending access to the company’s payment services and solutions to broader markets and industries, including auto finance. Taking on this post is Greg Mallin, whose position was ... [Read More]

Perhaps auto finance companies will know more about interest rates this week since Stifel Nicolaus & Co. chief economist Lindsey Piegza called the upcoming meeting of the Federal Open Market Committee “arguably the most widely anticipated event in the aftermath ... [Read More]

In honor of local students going back to school, Ally Financial recently announced that it will be donating 3,000 new library books to schools in the Detroit Public School district. Officials highlighted elementary and middle school libraries throughout the district ... [Read More]

NextGear Capital’s growth is blossoming beyond North America. Executives from NextGear Capital joined representatives from their NextGear Capital UK subsidiary and the Society of the Irish Motor Industry in Dublin on Monday to commemorate the company’s launch into Ireland. Officials ... [Read More]

Western Funding announced the first two dealers to receive their second payment as part of its Triple Pay program. Officials explained Triple Pay is Western Funding’s unique program that can give dealers the opportunity to build a portfolio of accounts ... [Read More]