ALEXANDRIA, Va. — As 2011 comes to an end, a look back on the year reveals that consumers and businesses may be recovering from the credit crisis of 2008, and are likely to continue their progress this coming year. Total ... [Read More]

CARY, N.C. — As Cherokee Automotive Group launches our first week of e-newsletters in 2012, our readers will see some changes. With our new schedule, we are making some shifts and increasing the frequency of SubPrime News Update to three times ... [Read More]

HAUPPAUGE, N.Y — The coupon program that was designed to help drive more business to credit unions and dealerships just revealed that it has signed on four New York metropolitan area credit unions to its network.   The cuautocoupon signees ... [Read More]

HAUPPAUGE, N.Y. —  Economic uncertainty doesn’t seem to be affecting consumer’s desires for luxury features in a car, according to loan aggregator GrooveCar. At least for those in Long Island, luxury reigns above fuel efficiency and economy, according to a ... [Read More]

BANDON, Ore. — According to the latest data from CNW Research, all credit application categories posted significant increases in December versus a year ago — especially subprime. In fact, subprime made the largest jump of the three categories CNW listed, ... [Read More]

ALEXANDRIA, Va. — The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) made the bankruptcy system cumbersome and costlier to use for both debtors and bankruptcy professionals, according to a recent study funded by the American Bankruptcy Institute ... [Read More]

LOS ANGELES — Mixing work with help this holiday season, Westlake Financial Services and its volunteering division P.A.L.S. (People Affecting Lives through Service), together built 20 bicycles to donate to children from the Boys & Girls Club of East Los ... [Read More]

IRVINE, Calif. —Consumer Portfolio Services revealed Wednesday the closing of its third term securitization in 2011. The transaction is CPS's fourth senior subordinate securitization since 1993.  "In the transaction, qualified institutional buyers purchased $119.4 million of asset-backed notes secured by ... [Read More]

CHICAGO — TransUnion analysts credited shrewd decisions by dealers and lenders for pushing their 2012 auto loan delinquency projections higher than readings expected as this year closes. TransUnion indicated this week that the ratio of borrowers 60 or more days ... [Read More]

WOODCLIFF LAKE, N.J. — In preparation for the 2012 London Olympic games, BMW Financial customers can now log into the company’s My BMW website to enter the running for a grand prize trip to these games, including airfare and other ... [Read More]