CHICAGO — The seasonal movement TransUnion spotted several times when looking at national auto loan delinquency rates for the second and third quarters of a calendar year unfolded similarly again in 2012. Analysts determined the ratio of borrowers 60 or ... [Read More]

SKOKIE, Ill. — Turner Acceptance Corp. recently opened its fifth personal loan branch in Illinois. The new branch is located in Burbank. Andres Huertas, Turner's director of direct and merchant financing, highlighted the newest location will complement the company's other ... [Read More]

CARMEL, Ind. — Along with an announcement late last week of another common stock offering, KAR Auction Services' board of directors approved the initiation of a quarterly cash dividend on the company's common stock. The first dividend paid to stockholders ... [Read More]

PHILADELPHIA — VINtek, a provider of automotive collateral management, electronic lien and title (ELT) services and direct finance processing, recently announced it is assisting automotive lenders in Georgia with compliance with finalized ELT legislation. In October, the Georgia Department of ... [Read More]

WASHINGTON, D.C. — The Consumer Financial Protection Bureau took aim at the three major credit reporting agencies again this week. This time, CFPB officials released a bulletin to nationwide specialty consumer reporting agencies — primarily Experian, Equifax and TransUnion — ... [Read More]

ATLANTA — As the company's data showed auto loan originations now are at the highest level in five years, Equifax rolled out a new solution this week geared to help finance companies and dealers gain a better understanding of their ... [Read More]

DALLAS — Peak Acceptance — which purchases retail installment contracts from dealers, maintains store relationships and manages the interface with third party servicing providers — entered into a joint agreement this week with LendingTree Auto Services and CreditSmarts.com to provide ... [Read More]

WASHINGTON, D.C. —  This week, the American Financial Services Association and the National Vehicle Leasing Association joined forces to urge Georgia lawmakers to reconsider legal changes in regard to financing companies paying taxes when vehicles are leased. Officials used the ... [Read More]

NEW YORK — For the third month in a row, auto loan defaults inched higher according to the latest data incorporated into the S&P/Experian Consumer Credit Default Indices. The October information compiled by S&P Dow Jones Indices and Experian showed ... [Read More]

LOS ANGELES — This week, Westlake Financial Services established a new $30 million credit facility with MG Leasing Corp., a Japanese leasing company. Officials said the credit facility collateralizes Westlake's auto finance receivables. Westlake chief operating officer Paul Kerwin noted ... [Read More]