ATLANTA — According to its most recent report on consumer credit trends, Equifax discovered several signs that the credit cycle is moving towards stabilization and growth, while subprime lending is also increasing in the auto, bankcard and consumer finance segments. Auto loan originations, in particular, ... [Read More]

WESTLAKE VILLAGE, Calif. — J.D. Power and Associates discovered dealer satisfaction with automotive financing lenders has increased notably this year with improvement by certain banks outpacing gains by captive lenders, particularly in the prime retail credit space. Assertions in J.D. ... [Read More]

WASHINGTON, D.C. — Auto and credit/debt came in as Nos. 1 and 2 in top 2010 consumer complaints, according to a new survey out this week. And interestingly, Internet sales came in at No. 6, with one of the key ... [Read More]

SCHAUMBURG, Ill. — Experian Automotive announced Monday that it will be offering lender’s a new service that aims to minimize the risk of financing vehicles with major title problems. AutoCheck Market Review combines vehicle history report information with AutoCount automotive ... [Read More]

LOS ANGELES — Westlake Financial Services revealed Monday its choices for the top auctions for the second quarter. The title of Top Overall Auction went to Norwalk Auto Auction followed by Manheim Nevada — which had previously held the top spot ... [Read More]

DEARBORN, Mich. — In reporting its second quarter results, Ford Credit revealed that charge-offs have decreased significantly. For the quarter, total charge-offs came in at $41 million, compared to $86 million in the same period of 2010. Breaking it down even ... [Read More]

OVERLAND PARK, Kan. — NCM Associates is participating in a buy-here, pay-here dealer-geared Webinar tomorrow at 2 p.m. EST sponsored by Auto Remarketing and SubPrime Auto Finance News.  Brent Carmichael, NCM executive conference moderator, trainer and consultant to the BHPH industry, ... [Read More]

ALEXANDRIA, Va. — Last week I attended the Vehicle Finance Executive Forum in Washington D.C., with American International Automobile Dealers Association president Cody Lusk. The event, organized by the American Financial Services Association, was packed with dealers, members of the ... [Read More]

COLUMBUS, Ohio — As Huntington Bancshares watched its second-quarter net income shoot up 15 percent from the first quarter of the year, officials explained Thursday how their auto loan portfolio significantly aided that progress. Huntington determined its average auto loan ... [Read More]

SAN DIEGO — LEAP Auto Loans, an auto leasing company serving consumers who have difficulty obtaining credit, named a new director of business development for the consumer channel this week. Tapped for role is Kyle Kolsky, who is being charged with ... [Read More]