A wide array of firms and analysts dissect trends and more about how consumers use their mobile devices to find the vehicle they eventually end up purchasing. The popularity of mobile devices prompted on-demand payment processing technology provider BillingTree to ... [Read More]

There now is a much larger pool of funds to underwrite contracts for Toyota’s most fuel-efficient vehicles. Today, Toyota Financial Services issued what the company believes is the industry’s first-ever asset-backed green bond in the amount of $1.75 billion. Officials ... [Read More]

Andy Koblenz, executive vice president and general counsel for the National Automobile Dealers Association, heard leaders from the Consumer Financial Protection Bureau speak last week and again left with questions about how the new regulatory agency intends to oversee vehicle ... [Read More]

For the first time this year, some dealers are seeing finance companies pull back in their willingness to complete contracts. According to the latest dealer survey from KeyBanc Capital Markets, the financing outlook still remains favorable as 50 percent of ... [Read More]

The latest update of an ongoing TransUnion study showed consumers continue to place an emphasis on paying their auto loans before their mortgages and credit card payments — and by a wide margin. TransUnion contends this trend has been in ... [Read More]

Results of the latest Regulatory & Risk Management Indicator for the U.S. banking industry issued this week by Wolters Kluwer Financial Services indicated U.S. banks and credit unions are carrying a much heavier regulatory and risk management burden than they ... [Read More]

Since Credit Acceptance Corp., is planning to purchase up to 637,420 shares of its outstanding common stock later this month, the company offered some operating results for the two months of the year as the industry navigated through the peak ... [Read More]

This week, Consumer Portfolio Services announced the closing of its first term securitization of the year. The transaction is CPS’ 12th senior subordinate securitization since the beginning of 2011. In the transaction, qualified institutional buyers purchased $180 million of asset-backed ... [Read More]

Spireon is a part of new alliance aimed at rolling out a solution developed and designed exclusively for credit unions to help them track vehicles in their auto loan portfolios. Earlier this week, Spireon highlighted a new collaboration between the ... [Read More]

To mark “Sunshine Week,” a national initiative launched by the media to promote open government, U.S. House Financial Services Committee chairman Rep. Jeb Hensarling is calling on Consumer Financial Protection Bureau director Richard Cordray to end the bureau’s closed-door meeting ... [Read More]