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]

WASHINGTON, D.C. — Along with a bruised credit history, sometimes subprime buyers — especially ones who might be doing business with buy-here, pay-here dealers — might not even have a bank account, a trend the Federal Deposit Insurance Corp. says ... [Read More]

DETROIT — Ally Financial is launching Ally Balloon Advantage in New York and California this week as part of its broad set of financing options for dealers to turn both new and used models. The company plans to make the ... [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]

FARMINGTON HILLS, Mich. — RouteOne announced this week that SunTrust Bank is now participating on RouteOne's eContracting platform. According to data from Experian Automotive, SunTrust ranked among the top 20 auto lenders based on second quarter market share. The bank's ... [Read More]

ALEXANDRIA, Va. — The American Bankruptcy Institute reported total bankruptcy filings in the United States for the month of August increased 7 percent compared to July, according to data provided by Epiq Systems. Officials tabulated August bankruptcy filings totaled 104,336, ... [Read More]