Less than seven days after making a trio of executive appointments, NextGear Capital announced two more additions to its leadership team this week. NextGear Capital explained these new roles will allow the inventory finance company to focus on existing integration ... [Read More]

Loan origination systems provider Financial Network and credit risk management solutions firm Clarity Services recently enhanced their relationship to incorporate Clarity’s new Clear Income Attributes report. Officials highlighted FNI’s loan origination solutions will be strengthened as a result of Clarity’s ... [Read More]

CarMax Auto Finance is comfortable enough booking subprime paper that it’s going to continue the practice into another fiscal year. Through the close of its 2015 fiscal year, CarMax Auto Finance originated $72.2 million of receivables through its test of ... [Read More]

Fitch Ratings is expecting spring flowers to bloom as well as ABS performance in both the subprime and prime markets to blossom, too. Analysts indicated loss trends changed direction for both U.S. prime and subprime auto ABS in March, and ... [Read More]

Security National Automotive Acceptance Co. (SNAAC) recently opened a second office in Cincinnati. Company officials highlighted more than 60 associates moved into the new space consisting of 14,500 square feet in the Triangle Office of Mason building. SNAAC indicated the ... [Read More]

CU Direct Connect (CUDC), which provides indirect auto lending services to credit unions and dealers, recently launched a program with Alliant Credit Union, based in Chicago. With CUDC’s expansion outside of Colorado, company management called Alliant a valuable partner, helping ... [Read More]

On Thursday, FICO, LexisNexis Risk Solutions and Equifax described details of a pilot program currently underway that could eventually enhance the underwriting and origination endeavors of auto finance companies. Officials highlighted the pilot program allows 12 of the largest credit ... [Read More]

Pelican Auto Finance, which specializes in working with deep subprime consumers, this week selected AUL to be its national vehicle service contract provider. Pelican Auto Finance chief executive officer Troy Cavallaro described AUL as an industry leader in the vehicle ... [Read More]

With Experian Automotive pointing out that more than 80 percent of new vehicles sold last year had some type of financing, the Americans Well-informed on Automobile Retailing Economics (AWARE) Coalition reiterated its stance on how consumers should be as knowledgeable ... [Read More]

A pair of legal experts with decades of compliance experience shared a strategy that might help finance companies clear the latest hurdle placed in front of them by the Consumer Financial Protection Bureau — complaints being pushed out online for ... [Read More]