GAINESVILLE, Ga. — When Black Book Lender Solutions analyzed historical vehicle segment data and developed projected retention levels for the next 12 to 24 months, three specific kinds of units distinguished themselves from the 24 individual categories. Those three segments ... [Read More]

FARMINGTON HILLS, Mich. — While recent bulletins from federal regulators have been associated with F&I elements such as dealer participation, RouteOne reminded principals and managers about the potential consequences for not complying with rules associated with adverse action notices and ... [Read More]

PARSIPPANY, N.J. — Avis Budget Group has purchased Payless Car Rental in a $50 million cash deal.  In announcing the news this morning, Avis indicated that adding North America's sixth largest car-rental company "will give Avis Budget Group a strong ... [Read More]

MISSION VIEJO, Calif. — Consumer finance management system provider DealerCentric Solutions recently made its online credit application platform optimized for mobile. The company highlighted the tool, "Get Pre-Approved in Seconds" comes at no additional charge for the more than 3,000 ... [Read More]

ALEXANDRIA, Va. — Last week, the National Credit Union Administration announced that Mission Federal Credit Union of San Diego purchased Autoland, a national vehicle-buying service provider. Autoland, founded in 1971, is a credit union service organization (CUSO) based in Chatsworth, ... [Read More]

ATLANTA and WASHINGTON, D.C. — During the same span in which Equifax indicated new credit for auto loans hit the highest level in more than eight years, the American Bankers Association's Consumer Credit Delinquency Bulletin showed buyers are doing a ... [Read More]

WASHINGTON, D.C. — U.S. Senate leadership clashed again Thursday during speeches on the chamber floor about confirmation of the Consumer Financial Protection Bureau's director and six other presidential appointees. The Majority Leader, Sen. Harry Reid, threatened to leverage the voting ... [Read More]

MINNEAPOLIS — This week, Wolters Kluwer Financial Services launched a new comprehensive fair lending training program targeted to the automotive, recreational vehicle, marine and powersports dealer industry, one that's been endorsed by the National Independent Automobile Dealers Association. Developed as ... [Read More]

ATLANTA — White Clarke Group, an end-to-end automotive and asset finance software solutions provider, recently announced that Exeter Finance selected the company's CALMS2 software solution. Officials indicated the launch of the first phase is scheduled for this summer. White Clark ... [Read More]

CHARLOTTE, N.C. — American Lending Solutions recently expanded its relationship with Nationwide Management Services to include client-custom, door-knock and other debtor field services, building on the success of its agent compliance field inspection program that began on Feb. 1. "Where ... [Read More]