NEW YORK — The most recent index results from Fitch Ratings indicated U.S. auto ABS loss rates rose 12 percent from levels seen in August, though performance was notably stronger in September than in past years to close out the ... [Read More]

CARY, N.C. — As the October sales month winds down, used-car sales projections for the period are up. SubPrime Auto Finance News compiled the sale forecasts for October from TrueCar.com, Edmunds.com and CNW Research. While the numbers may vary, the ... [Read More]

ELIZABETH, N.J. — A new Arizona-based vendor screening company today launched what it's calling the first online compliance management system for the auto lending industry. Vendor Transparency Solutions explained that it developed an industry-specific, comprehensive, supplier screening solution designed to ... [Read More]

ATLANTA — This week's ceremony during the NABD East Coast Conference to enshrine the newest member of the alliance's Hall of Fame turned back the clock on the buy-here, pay-here industry to a time of handshake contracts and Southern hospitality. ... [Read More]

WASHINGTON, D.C. — Since its own study showed discrepancies between the credit scores sold to creditors, lenders and finance companies and ones sold to consumers, this week the Consumer Financial Protection Bureau started to accept credit reporting complaints. Scott Pluta, ... [Read More]

REDWOOD CITY, Calif. — Recovery Database Network announced this week that it has integrated its application with MasterFiles, a data service provider of public records information for the purposes of debt collection, asset recovery and creditworthiness. Explaining the partnership further, ... [Read More]

CARY, N.C. — For dealers who might have missed its NABD East Coast Conference presentations earlier this week, Tax Max Refund Services is offering a free Webinar this coming Monday titled, "Moving Cars by Starting Tax Season in November." Chip ... [Read More]

BANDON, Ore. — While touching on what new buy-here pay-here regulations California did to its long-term used-vehicle sales projections, CNW Research indicated the year-over-year climb in subprime loan approvals is continuing. This month, CNW said loan approvals for customers with ... [Read More]

IRVINE, Calif. — What top executives said was the company's first quarter of organic sequential revenue growth since 2007, Consumer Portfolio Services posted in third-quarter gains in earnings, revenue and new contracts purchases. The company tabulated that its earnings came ... [Read More]

DETROIT — Less than seven days after announcing it was selling insurance business interests in Mexico, Ally Financial on Tuesday reached an agreement to sell its Canadian auto finance operation, Ally Credit Canada, and ResMor Trust to Royal Bank of ... [Read More]