The other four credit categories included in the S&P/Experian Consumer Credit Default Indices joined auto loans in showing declines in February. Analysts from S&P Dow Jones Indices and Experian indicated that February data showed the auto loan default rate dipped ... [Read More]

According to a new survey by financial information company Sageworks, U.S. banks and credit unions that are preparing for proposed changes to how they must estimate credit losses anticipate they’ll eventually need to boost allowances for loan and lease losses ... [Read More]

Of the Top 20 finance companies in the used-vehicle market, only eight gained market share year-over-year as of the close of the fourth quarter. And according to Experian Automotive, many of the operations that lost ground in Q4 saw their ... [Read More]

With an average of tax refund of more than $3,000 coming to consumers, GOBankingRates analysts sought out to find the states and cities that boast the lowest interest rates on new-vehicle loans this month. The site’s study determined the five ... [Read More]

Will buyers flock to showrooms to buy new vehicles this year? Market optimists seem to think so. And most who attended the North American International Auto Show are utterly ebullient. But those who believe the glass is half empty say ... [Read More]

Ally Financial announced its succession plan this week since Bill Muir, the president and current head of the dealer financial services business, has elected to retire by year-end. The company tapped Jeffrey Brown, currently senior executive vice president of finance ... [Read More]

The staff at Black Blook Lender Solutions envisions underwriting personnel at finance companies watching two computer screens when evaluating an application that arrives from a dealership in their network. One screen shows the applicant’s complete credit history. The other monitor ... [Read More]

More than eight months after Rick Hackett left the Consumer Financial Protection Bureau, the agency tapped a replacement regulator on Wednesday whose main jurisdiction is the auto finance market. Joining the CFPB as the assistant director of installment and liquidity ... [Read More]

Another executive recently moved over from Santander Consumer USA Holdings to join the team at Exeter Finance Corp. On Tuesday, Exeter announced its new executive vice president of strategy and planning is Steve Zemaitis, who served in multiple executive roles ... [Read More]

Experian Automotive’s most recent data showed how much more risk captive lenders are taking in regard to loan-to-value (LTV) levels when booking contracts for used models. Experian indicated LTVs for captives that financed used vehicles in Q4 jumped by 306 ... [Read More]