NEW YORK — Although not to the degree of other consumer credit segments, an improving auto loan performance helped the February S&P/Experian Consumer Credit Default Indices make more positive month-over-month and year-over-year progress. Standard & Poor's and Experian analysts determined that ... [Read More]

ALEXANDRIA, Va. — In an effort to educate its members — especially ones ages 17 to 25 — about how vehicle loans function and other elements of consumer credit, Pentagon Federal Credit Union and the PenFed Foundation formed a partnership ... [Read More]

RANCHO SANTA MARGARITA, Calif. — Finance Express revealed this week that it received confirmation about its first patent from the U.S. Patent and Trademark Office. In connection with its Web-based financial services and technology for independent dealerships, company executives said ... [Read More]

LATHRUP VILLAGE, Mich. — Michigan First Credit Union has rolled out a new website where shoppers can research vehicles, schedule test drives, get price quotes, obtain vehicle financing and purchase vehicles. The "Member Showroom" can be accessed by the general public ... [Read More]

GREENWOOD VILLAGE, Colo. — Colorado-based Bellco Credit Union has teamed up with longtime partner Automotive Avenues — what officials called the largest credit union-endorsed dealership in Denver — to create a new website that can teach and offer advice to car shoppers about ... [Read More]

DALLAS — Santander Consumer USA has rolled out a free mobile application for its RoadLoans.com site that is compatible with Android smartphones. This is the second free mobile RoadLoans.com app that Santander has launched, as it debuted the iPhone in January. As ... [Read More]

BANDON, Ore. — Subprime approvals in March showed gains for the used- and new-vehicle sides of the market, according to the latest analysis from CNW Research, which said this uptick in approvals follows what has been the trend during the last ... [Read More]

LOS ANGELES — Westlake Financial Services discovered this week that its portfolio containing more than 150,000 accounts reached a new threshold in total receivables. As of March 11, company officials say this level hit $1 billion — a milestone they ... [Read More]

WASHINGTON, D.C. — The Federal Reserve's January update on averages for new-vehicle loans by finance companies revealed a few noteworthy trends, including how far both the loan-to-value ratio and the average amount financed have sunk. Officials reported that January's ratio dropped to 80 ... [Read More]

LAKE SUCCESS, N.Y. — The number of active lenders now connected to DealerTrack's credit application network has now reached 1,000 U.S. lenders. The network has now grown from five lenders back in 2001 to 1,000 today. "The DealerTrack credit application network ... [Read More]