While the Office of the Comptroller of the Currency acknowledged vehicle installment contract delinquencies are are at “manageable” levels now, FICO’s analytic team recently offered a pair of recommendations to help finance companies protect profitability in case those conditions deteriorate. ... [Read More]

When IDDS Group co-founder and chief executive officer Max Zanan arrives at a dealership to conduct a consulting and training session, he acknowledged that he rarely sees any documents hanging within the F&I department that shows managers are certified through ... [Read More]

Associates from GSFSGroup, a nationwide provider and administrator of F&I products, recently banded together to honor the nation’s military veterans by collecting, assembling and delivering hundreds of care packages to the Michael E. DeBakey VA Medical Center in Houston. The ... [Read More]

Cox Automotive chief economist Tom Webb didn’t reference the Federal Reserve’s revamped consumer credit report that includes more details about auto financing when he conducted his quarterly conference call this week. But the metrics the Fed reported probably didn’t provide ... [Read More]

Western Funding closed the first half of the year with the biggest origination month in company history, fueling plans to grow its footprint and workforce. Western Funding — a specialized subprime automotive finance company and subsidiary of Westlake Financial Services ... [Read More]

The National Automotive Finance Association established the next in-person session to create another cohort enrolled in its Consumer Credit Compliance Certification program. The NAF Association will host the opening module of the four-part training endeavor at the Irvine Marriott in ... [Read More]

In moves that became effective July 1, Toyota Financial Services announced on Thursday that Mike Groff, president and chief executive officer of TFS USA, was appointed to be CEO of the Toyota Financial Services Americas Region.  The captive indicated Groff ... [Read More]

A wide array of service providers now operate to help finance companies keep payments coming into their coffers along with ways so customers can stay current on their vehicle installment contracts, especially individuals who might fall into the growing underbanked ... [Read More]

With federal regulators asking finance companies to provide consumers with more resources to manage their vehicle installment contracts and more, Ally Financial added three enhancements to its offering. At the National Association of Minority Automotive Dealers (NAMAD) annual convention on ... [Read More]

We have learned the value of establishing “knockout factors” at the beginning of every search.  These are factors that are so important that, no matter how qualified a candidate may otherwise be, they will be “knocked out of contention” if ... [Read More]