When it comes to successfully selling a vehicle and getting it financed, particularly for subprime borrowers, dealers and automotive finance companies should heed the advice of former President Reagan and “Trust, but verify.” What we are seeing in the market, ... [Read More]

Toyota Financial Services’ own Ann Bybee was honored with the Distinguished Service Award (DSA) by the American Financial Services Association at the AFSA’s 98th Annual Meeting in Los Angeles at the end of October. Bybee, the company’s vice president of ... [Read More]

Bankruptcy filing in the U.S. took a double-digit slide this past month. That’s according to data provided by Epiq Systems Inc. to the American Bankruptcy Institute, which showed total bankruptcy filings fell by 12 percent year-over-year in October. Overall filings ... [Read More]

CalAmp enhanced its vehicle finance payment assurance solution, LenderOutlook, to incorporate a function previously available only to its fleet customers. Now CalAmp’s new mileage management feature within LenderOutlook can enable lease-here, pay-here (LHPH) dealers and larger finance companies to directly measure ... [Read More]

Karen Nelson’s career as a collector began while she was earning money for her tuition to attend Old Dominion University. Nelson worked her way through school by handling the day-in, day-out chores of a collector and graduated with a degree ... [Read More]

When the Great Recession began to grip the economy, Westlake Financial Services president Ian Anderson said the company installed a trio of values to help it navigate through a rougher period than many experts projected. Those values included people, purpose ... [Read More]

CU Direct Connect, a leader in the Colorado automotive lending market that provides indirect auto lending services to credit unions and dealers, added another member to its network this week. Bringing Northern Colorado Credit Union of Greeley, Colo., into the ... [Read More]

Equifax highlighted this week that dealers who use Credit Bureau Connection's credit reports and compliance solutions now have the opportunity to access income and employment data as well. Officials explained this data provided via The Work Number can allow dealers ... [Read More]

The investment firm that oversees two subprime auto finance companies — Flagship Credit Acceptance and CarFinance Capital — announced on Thursday that it is merging the two operations together. Officials from the alternative asset management unit of Perella Weinberg Partners ... [Read More]

700Credit is hosting a free webinar on Thursday that aims to answer many questions on dealers’ minds when it comes to compliance. The Adverse Action, Red Flag and Risk-Based Pricing compliance webinar, titled Dealer Knowledge Webinar: Compliance Questions Answered, is scheduled for 2 ... [Read More]