Roughly one out of 20 people with a credit file — which constitutes about 5.3 percent of the U.S. consumer population — are at least 30 days late on a credit card or other non-mortgage account such as an auto ... [Read More]

This week, TrueCar and the National Education Association (NEA) partnered to launch a vehicle-buying program designed to provide savings for NEA members and educators. Officials highlighted that through the NEA Auto Buying Program, the NEA's 3 million members will gain ... [Read More]

Along with a climb in total outstanding balances that’s now reached 13 quarters in a row, it’s also been nearly eight years since the auto finance industry generated this much paper in a single quarter. The Federal Reserve Bank of ... [Read More]

BenchMark Consulting International — which compiles the annual survey for the National Automotive Finance Association among other analytical projects for banks and finance companies — recently chose Dwayne Furmidge as the new leader of its North and South American operations. ... [Read More]

Cloud-based loan origination system defi SOLUTIONS integrated Carleton SmartCalcs into its platform this week. Officials highlighted defi SOLUTIONS customers now can access Carleton’s 40 years of compliance expertise to assure federal and state lending interest, fees and the annual percentage ... [Read More]

GrooveCar Direct, an online auto buying resource for credit unions, recently reached partnership with two more institutions. The two credit unions now a part of the network are as follows: — Greater Alliance Federal Credit Union of Paramus, N.J., which ... [Read More]

Moody’s Analytics senior director Cristian deRitis chimed in this week, refuting the notion that rising auto lending volume is creating a bubble similar to the one that burst in the mortgage space and sent the U.S. economy into recession. deRitis ... [Read More]

No one has ever asked our firm to “find someone average.” Employers are always seeking high-performing employees. The best indicator of future performance is past performance. To help identify the high performers we like to ask “intelligent interviewing questions” to ... [Read More]

Intersection Technologies’ F&I Express recently added American Guardian Warranty Services (AGWS) to its aftermarket e-contracting platform. Executives highlighted the enhanced F&I Express functionality is free to all AGWS agents and dealers. AGWS is a provider of administration services for dealers ... [Read More]

The next time subprime consumers show up at your dealership or their loan application arrives at your finance company’s underwriting department, their FICO score might be higher if much of what triggered their soft credit profile is delinquent medical debt. ... [Read More]