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]

ATLANTA — Manheim economist Tom Webb described performances for both subprime financing companies as well as buy-here, pay-here dealers during the first half of this year in upbeat terms this week. And Webb believes the prospects for turning metal to ... [Read More]

LAKE SUCCESS, N.Y. — Today, Dealertrack Technologies launched its eMenu for iPad app, what the company described as an innovative F&I product presentation and selling tool designed to help dealers increase F&I product sales and profitability while enhancing the overall ... [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]

WASHINGTON, D.C. — The Federal Reserve reported that interest rates for new-vehicle loans at commercial banks dropped to the lowest point compared to data that goes back to 2007. The rate for these 48-month contracts dropped to 4.13 percent in ... [Read More]

NEW YORK — The newest report from Moody's Investors Service detailed the three factors that could lead to higher credit losses for subprime auto lending. Analysts mentioned risk factors such as weakening loan credit, stiff competition among originators and readily ... [Read More]

ONTARIO, Calif. — CUDL, administrators of one of the largest lending service networks for credit unions in the United States, recently announced that its lending network expanded to  include a new milestone. The network now includes 10,000 dealers. The company ... [Read More]