All of those vehicle installment contracts with terms of 72 months or longer are prompting one of the top federal regulators of commercial banks to keep a close eye on auto financing. The latest report from the Office of the ... [Read More]

OnlineBKmanager.com released findings of a study comparing the company’s exclusive daily lead program to its weekly program. The marketing provider’s study indicated the automotive bankruptcy market is consistent throughout the United States. The company noted dealers in small, medium and ... [Read More]

During the recent National Independent Automobile Dealers Convention, Equifax expanded its partnership with 700 Credit to offer dealers a more advanced level of income and employment verification capabilities. Officials recapped that Equifax income and employment solutions are powered by The Work ... [Read More]

On Wednesday, NextGear Capital appointed an executive with more than 25 years of industry experience to be its vice president of credit. Taking on this role is Patrick Inks, who will be responsible for the quality and consistency of our ... [Read More]

FNI Inc. president David Bafumo focused his latest industry recommendations by plucking relevant material pertaining to add-on products out of the 54-page addition to the Supervisory and Examination Manual the Consumer Financial Protection Bureau released when it established its final ... [Read More]

BillingTree once again successfully passed the PCI Security Standards Council audit, which this year came under the new PCI 3.0 standards. The company highlighted the new PCI-DSS is designed with an increased focus on operational standards, security and training to ... [Read More]

CIVC Partners, a Chicago-based private investment firm, recently announced that its portfolio company, Honor Finance, established a new funding facility with Wells Fargo Securities. Officials highlighted this new facility provides a “substantial” increase in funding capacity to support the continuing ... [Read More]

The Consumer Financial Protection Bureau now possesses a Supreme Court majority opinion as reinforcement to continue to leverage disparate impact as a regulatory method to oversee and potentially reprimand the auto finance industry. The Supreme Court released its opinion this ... [Read More]

In the same month its new chief financial officer came aboard, Exeter Finance Corp. appointed a new executive vice president and chief human resources officer this week. Officially taking the role on Monday is Martin Evans Exeter highlighted Evans is ... [Read More]

A recent analysis from Edmunds.com indicates that in addition to being among “the biggest factors that are making it easier for shoppers to afford more expensive vehicles” (along with cheaper credit), new-vehicle lease penetration is on track to reach an ... [Read More]