A day after the latest auto loan default data showed only marginal movement, TransUnion reported on Wednesday that its information shows the national auto loan delinquency rate declined to its lowest level in two years. TransUnion’s auto delinquency rate — ... [Read More]

Even the freshest law school graduate likely understands the concept of, “If you didn’t document it, it didn’t happen.” In an intensifying regulatory world where compliance training is becoming more important, the National Automotive Finance Association highlighted how several major ... [Read More]

EFG Companies and Northwood University are collaborating again, this time for an F&I competition designed to “jolt” the industry into a higher standard of innovation.  A new accolade to be held annually, officials highlighted the F&I Innovator of the Year program will ... [Read More]

CU Direct Connect (CUDC), a participant in the Colorado automotive financing market that provides indirect services to credit unions and dealers, announced the upcoming availability of a custom auto loan risk score designed by FICO. Officials highlighted this new score ... [Read More]

Contrary to what happens most times when the S&P/Experian Consumer Credit Default Indices are updated, the auto loan component made a move upward on a sequential basis while the other four elements watched by S&P Dow Jones Indices and Experian ... [Read More]

A former Senate-confirmed Treasury Department official took the reins as president and chief executive officer of the American Bankers Association on Monday. Back in May, ABA board of directors unanimously selected Rob Nichols to succeed former Oklahoma Gov. Frank Keating, ... [Read More]

Thanks to technology, today people look for speed and efficiency in everything they do more than ever before — and the car buying process is no exception. Carrying the stigma of being time-consuming, even called “painful” by customers, how can ... [Read More]

Perhaps another component of why credit unions are so aggressive in expanding their auto portfolios is their collective relationship with dealerships is as good as it’s ever been. That’s the sentiment conveyed by CU Direct executive vice president Jerry Neemann when ... [Read More]

Exeter Finance Corp. appointed a former Capital One executive to the post of executive vice president, analytics and marketing. Taking on this role effective on Monday was Brian Donohue, who Exeter highlighted as an accomplished financial services executive with broad ... [Read More]

TransUnion’s data shows credit union auto loan origination volume grew at a rate more than double the pace of the entire industry. Findings from a survey of 90 credit union executives TransUnion released this week also highlighted these institutions’ appetite ... [Read More]