If the Consumer Financial Protection Bureau gets it way, potential buyers who have a credit card account will already know their credit score before they walk on the lot or enter the F&I office looking to complete vehicle financing. On ... [Read More]

As delinquencies associated with subprime loans continue to rise but not at a pace that concerns TransUnion, analysts determined that overall auto loan debt per borrower increased for the 11th straight quarter. During the closing quarter of 2013, that overall ... [Read More]

Along with the continued resurgence of subprime financing, Equifax highlighted that the amount of auto loans booked by both commercial banks and finance companies in November — the most recent data the company has available — came in higher than ... [Read More]

As open loans in the nonprime, subprime and deep subprime spaces constituted more of the overall market, consumers continued to pay on their car notes during the fourth quarter at a pace that left Experian Automotive analysts "pleasantly surprised." According ... [Read More]

Officials recently updated an educational brochure for vehicle shoppers to reflect relevant vehicle finance laws, terms and statistics. The brochure takes consumers through the vehicle financing process and highlights the importance of budgeting, checking one's credit report, and shopping around. ... [Read More]

Coming off of a quarter and a year where the company posted healthy gains in consolidated net income, Credit Acceptance Corp. announced today that it commenced a tender offer to purchase up to 637,420 shares of its outstanding common stock. ... [Read More]

Texas-based loan origination system developer defi SOLUTIONS announced on Thursday that the company now offers RouteOne's eContracting solution to lenders as a part of their LOS solution. Officials indicated defi SOLUTIONS' lenders that have signed up for RouteOne's eContracting solution ... [Read More]

CU Xpress Lease, a part of the GrooveCar family of brands, recently formed a partnership with McGraw-Hill Federal Credit Union, which is based in Windsor, N.J., and now will offer leasing in New Jersey, New York City and Westchester County ... [Read More]

Paymaxx Pro highlighted that the company's national accounts and business development director Jon Leedom recently  has been granted the designation of ETA Certified Payments Professional, the professional certification program administered by the Electronic Transactions Association. By successfully meeting the ETA's ... [Read More]

Fiserv announced today that Toyota Financial Services has successfully used its Automotive Loan Origination System (LOS) to implement electronic contracting (eContracting), allowing dealerships to begin to phase out paper contracts, increase accuracy and improve efficiency during the loan credit and ... [Read More]