Dramatic changes at the Consumer Financial Protection Bureau keep surfacing, with the latest including the withdrawal of nearly 80 guidance documents, policy statements and interpretive rules released since 2011. Furthermore, there’s likely going to be a change in the nominee ... [Read More]

Tim Ranney is getting back into the credit-reporting business this spring. Ranney — who previously owned Clarity Services, which was purchased by Experian in 2018 — is launching Congruit Credit, an emerging national consumer credit reporting agency positioned to usher ... [Read More]

In what economists said was “universally expected,” the Federal Reserve left the federal funds target rate unchanged on Wednesday. The Federal Open Market Committee (FOMC) kept that rate at a range of 4.25% to 4.50% and reiterated a deliberate approach ... [Read More]

EDITOR’S NOTE: This story is part of the May edition of Auto Remarketing, which will focus entirely on a new special feature: Who to Watch. This special feature will recognize auto industry executives and companies — selected by Cherokee Media Group’s ... [Read More]

Santander Consumer USA received more than just an auto-finance applicant’s credit score and risk assessment from FICO. At the FICO World Conference on Wednesday, FICO announced Santander has won a 2025 FICO Decisions Award for its use of machine learning. ... [Read More]

Westlake Portfolio Management (WPM) is back in the business of absorbing outstanding portfolios. The subsidiary loan servicing company of Westlake Technology Holdings has entered into a servicing agreement with Mechanics Bank Auto Finance (MBAF) to oversee and manage its portfolio ... [Read More]

Experian North America chief economist Joseph Mayans and ADP chief economist Nela Richardson have used the terms “recession” and “unease” when discussing their respective looks at the lending market, the employment scene and general economy in recent days. You might ... [Read More]

Equifax reported earlier this year that consumer debt in auto loans and leases has surpassed $1.7 trillion, exceeding credit card and student loan debt. Equifax also said delinquencies have increased by 7% year-over-year, reaching a three-year high. It’s trends like ... [Read More]

EDITOR’S NOTE: This story is part of the May edition of Auto Remarketing, which will focus entirely on a new special feature: Who to Watch. This special feature will recognize auto industry executives and companies — selected by Cherokee Media ... [Read More]

Matt Burke is one of the best among his peers in Dallas. The president and COO of Agora Data has been named to the Dallas Business Journal’s 2025 40 Under 40 list for his transformative leadership and contributions to the ... [Read More]