LAKE SUCCESS, N.Y. — Dealertrack Technologies is offering a free webinar where compliance counsel Randy Henrick will discuss the latest regulatory developments coming from the Consumer Finance Protection Bureau. The session where Henrick will offer his analysis of the CFPB's ... [Read More]

BROOKFIELD, Wis. — Fiserv said 2012 was a record-setting year for its automotive loan origination system. Officials highlighted that more than 10.8 million loan applications and 3.7 million contracts were processed through the Fiserv's auto lending platform, marking a 31- ... [Read More]

CHICAGO — A new survey from TransUnion showed approximately two in three credit union executives see loan growth as the critical business issue facing their industry in 2013, and auto loans may be the main focus of that growth. The ... [Read More]

CLEARWATER, Fla. — For the second time in three years, Nicholas Financial retained a financial adviser to assist the specialty consumer finance company's board of directors with consideration of a possible sale. Last week, Nicholas Financial officials said their board ... [Read More]

DALLAS — Comerica Bank's latest Auto Affordability Index indicated the purchase and financing of an average-priced new vehicle took 23.6 weeks of median family income in the fourth quarter of 2012. Bank analysts determined consumers on average spent $900 more ... [Read More]

TORRANCE, Calif. — Due to an overwhelming response to their second annual "GoGreen" campaign, Toyota Financial Services and Lexus Financial Services announced the organizations are doubling their commitment to the Boys & Girls Clubs of America. The captives now are ... [Read More]

Normal 0 false false false EN-US X-NONE X-NONE HANOVER, Md. — The recent Consumer Financial Protection Bureau bulletin focused on dealer reserve, an element that usually doesn't affect most buy-here, pay-here stores. But Hudson Cook's legal team recommended that BHPH ... [Read More]

ATLANTA —  SubPrime Auto Finance News learned this morning that Sandy Schwartz not only will serve as the president of Manheim, but will assume the role of president of AutoTrader Group, which includes AutoTrader.com, Kelley Blue Book and VinSolutions. Chip ... [Read More]

NEW YORK — Fitch Ratings discovered asset performance came in stronger for U.S. prime auto ABS while subprime auto loans reversed a seven-month trend of rising losses. Fitch indicated prime and subprime 60-day delinquencies came in lower in February by ... [Read More]

IRVINE, Calif. — Consumer Portfolio Services recently closed its first term securitization of 2013. The transaction is CPS' eighth senior subordinate securitization since 2011. In the transaction, the company explained qualified institutional buyers purchased $185 million of asset-backed notes secured ... [Read More]