ALEXANDRIA, Va. — Have you heard the term "fiscal cliff" lately? According to both political and financial analysts, it looks like the United States is headed for one at serious speed. Here's some background. About a year ago, Congress passed ... [Read More]

NEW YORK — Fitch Ratings indicated the subprime sector of the auto asset-backed securities market exhibited a stable performance this past month. Analysts arrived at that assessment today because August 60-day delinquencies rose only 2 percent month-over-month, climbing to 3.24 ... [Read More]

HANOVER, Md. — Jack Tracey remembers when the National Automotive Finance Association's annual survey was the only barometer to measure how the non-prime segment of the industry was behaving. Now 16 years later, Tracey and the NAF Association are gearing ... [Read More]

FRANKLIN, Tenn. — Lease returns just got easier for Nissan and Infiniti customers. And dealers may be able to take advantage of more potential customers coming in to purchase a new ride after cashing their lease in. The two Japanese ... [Read More]

PHILADELPHIA — Along with naming its new executive vice president of technology and strategic planning, VINtek recently revealed it's now the exclusive electronic lien and title partner of LEVERAGE, the service corporation for the League of Southeastern Credit Unions, the ... [Read More]

WASHINGTON, D.C. — Officials from the Consumer Financial Protection Bureau acknowledged the pace of consumer complaints they've received has been increasing throughout the year. However, the majority of those consumer issues do not appear to be associated with auto loans. ... [Read More]

CARY, N.C. — One of the many highlights of the second-ever Re3 Conference not only is designed to recap how this year is playing out in the repossession, recovery and remarketing industries, but also to project how 2013 might unfold. ... [Read More]

DALLAS — Comerica Bank's Auto Affordability Index showed the purchase and financing of an average-priced new vehicle took a little less of median family income during the second quarter. Analysts placed the Q2 level at 22.9 weeks as Comerica indicated ... [Read More]

ONTARIO, Calif. — CU Direct Corp., provider of lending solutions to credit unions through its CUDL, Lending Insights, Lending 360, CUDL Retail and Vero brands, added a new associate director and director to its board of directors. Appointed as a ... [Read More]

SCHAUMBURG, Ill. — Experian Automotive discovered that new-vehicle leasing continued on a steady pace during the second quarter, coming in with a level similar to what the industry has generated outside of the worst point of the recent recession. Analysts ... [Read More]