Not long after small bank and credit union executives went to Capitol Hill to describe the rule-following load placed on them by the Consumer Financial Protection Bureau among other federal regulators, Sen. Mike Crapo introduced legislation he said would ensure ... [Read More]

A former examiner with the Federal Reserve Bank of Atlanta now on staff at Equifax will host a compliance webinar aimed at helping finance companies and dealerships handle the impact of the Consumer Financial Protection Bureau. Cris Larche, senior director ... [Read More]

Ally Financial launched a new ad campaign on Monday that the finance company highlighted is meant to illustrate the “human side” of the business by showcasing the passion Ally employees and dealers have for the industry. The new campaign, titled “Driven ... [Read More]

The Federal Trade Commission referenced back to a practice this week that regularly upsets the agency, especially in the dealership arena when it comes to vehicle pricing and financing possibilities. It’s the concept of the bait and switch. When asked ... [Read More]

Manheim chief economist Tom Webb explained any potential impact the latest moves by the Federal Reserve might have on auto financing as part of his March Auto Industry Brief. First, Webb recapped that the Fed dropped the word “patient” earlier ... [Read More]

Chernek Consulting not only enhanced the roster of F&I experts set to be a part of its one-and-a-half-day workshop focused on subprime financing, but the firm also lowered the cost for dealership managers and owners to attend the upcoming event. ... [Read More]

Three finance companies — Prestige Financial Services, Credit Acceptance Corp. and Consumer Portfolio Services — all shared investment news this week. The largest of the three developments came from Prestige Financial Services, which completed its 13th and largest rated term ... [Read More]

The Federal Trade Commission continues to ramp up its enforcement actions in the automotive space with its second significant collection of settlements in about 14 months. On Thursday, the FTC and 32 law enforcement partners announced the results of what they ... [Read More]

U.S. House members made their move in hopes of restructuring how the Consumer Financial Protection Bureau operates. Now a lawmaker from the nation’s upper chamber has revealed a measure to curb the financial resources available to the regulator. Sen. David ... [Read More]

In what might not be surprising to top company executives, Fitch Ratings recently acknowledged that auto finance companies are likely to see loan asset quality weaken in 2015, with annualized net losses moving closer to their historical averages. While prime ... [Read More]