SCHAUMBURG, Ill. — Experian Automotive reminded lenders and dealers that despite a marginal rise in delinquencies for the first time since 2009, the auto lending market "is extremely healthy." Experian found that 60-day delinquencies rose from 0.72 percent in the ... [Read More]

WASHINGTON, D.C. — In what the compliance counsel from Dealertrack Technologies cautioned might be coming, an online report earlier this week said the Consumer Financial Protection Bureau has told at least four banks that it may sue them over vehicle ... [Read More]

MEDFORD, Ore. — Of the finance deals Lithia Motors facilitated during the fourth quarter, 13 percent of those contracts went to subprime buyers: a level company officials said was consistent with a year earlier. But Lithia is looking for more ... [Read More]

NEW YORK — Despite marginal deterioration in January, the auto loan portion of the S&P/Experian Consumer Credit Default Indices showed levels still better than a year ago. S&P and Experian reported Tuesday that auto loan default rates increased in January ... [Read More]

NEW YORK — On Tuesday Chase Auto Finance announced the renewal of its private label auto finance agreement with Jaguar Land Rover North America. Officials indicated the deal lasts for an additional five years. Demonstrating a strong business relationship, Chase ... [Read More]

NAPA, Calif. — Service contract provider AUL Corp. recently partnered with AAA Mid-Atlantic as the administrator of its new-vehicle service contract program also known as AAA Vehicle Protection Plan or VPP. Officials explained this relationship was designed to enhance AAA ... [Read More]

HANOVER, Md. — Along with more details about its annual conference this spring, the National Vehicle Leasing Association recently announced the appointment of its new accounting counsel. Tapped for the role is Mike North, who is a director with the ... [Read More]

MINNEAPOLIS — With regulatory compliance becoming even more urgent these days, Wolters Kluwer Financial Services reiterated that its professional services can help lenders, captive finance companies and loan servicing organizations obtain the information they need to understand U.S. regulations applicable ... [Read More]

HANOVER, Md. — Hudson Cook recently announced a partner is returning to the firm to focus his practice on federal and state consumer financial services laws with particular emphasis in automotive financing. Coming back after a most-recent stint as counsel ... [Read More]

BENTONVILLE, Ark., and CARMEL, Ind. — Both America's Car-Mart and J.D. Byrider added to their networks of buy-here, pay-here dealerships as one company strengthened its footprint in its home state while the other operation ventured into new territory. The 120th ... [Read More]