One of Used Car Week’s presenters and the sponsor of the SubPrime Auto Finance Executive of the Year award — Black Book Lender Solutions — finalized the integration of its vehicle valuation data into three more providers of loan origination ... [Read More]

U.S. Sen. Mike Crapo, the ranking member of the upper chamber’s Banking Committee, recently received his requested analysis of the Consumer Financial Protection Bureau by the Government Accountability Office, confirming his apprehensions about what the bureau is doing. Crapo highlighted ... [Read More]

NextGear Capital appointed a former Wells Fargo executive to be its new division vice president for the company’s East region. Taking on this role is Todd Gunderson, who will be responsible for the oversight of the company's business development and ... [Read More]

CNW Research contends subprime approvals are moving higher this month at a pace possibly even better than what the exact figures indicate. According to the firm’s latest Retail Automotive Summary, subprime approvals so far this month are registering 17.7 percent ... [Read More]

Analysts for S&P Dow Jones Indices and Experian quickly tempered concerns about a negative payment environment developing even though the auto loan segment of the S&P/Experian Consumer Credit Default Indices ticked up slightly in August. August’s default rate came in ... [Read More]

The Consumer Financial Protection Bureau is insistent that finance companies have documentation verifying the federal compliance of their service providers. For managers that use Allied Finance Adjusters member repossession agencies to find and recover vehicles, a new partnership with Vendor ... [Read More]

The National Automotive Finance Association in cooperation with Hudson Cook is gathering together four of the most knowledgeable experts in auto finance industry compliance for a free webinar. The session titled, “Auto Finance: Federal Supervision and Enforcement,” is set for ... [Read More]

Exeter Finance Corp. and Ally Financial each announced financial moves recently; one to increase borrowing capacity and the other to start a cash tender offer. Late last week, Exeter said that Exeter Funding II — a special purpose Delaware limited ... [Read More]

BillingTree Payment Solutions appointed a new chief executive officer and president on Tuesday, going with a former top exec at FICO. Tapped for the role was Edgars “Edz” Sturans, who previously was president of CR Software — now a part ... [Read More]

In a monthly-payment driven world, leasing is on the rise to points never seen before, especially for contracts connecting new vehicles and consumers with prime credit. But Swapalease.com executive vice president Scot Hall gave the industry a question to ponder. ... [Read More]