BEAVERTON, Ore. — First Tech Credit Union is offering an additional discount through a federal agency program to give members an APR reduction if they buy certain emission- or fuel-friendly vehicles. The Environmental Protection Agency's SmartWay program covers more than 1,500 ... [Read More]

HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers recently announced a revamped format and new location for its fourth annual Underwriting and Collections Conference. This year's three-day event will offer separate educational tracks for collections and underwriting. It's scheduled for Nov.7-9, this time in ... [Read More]

DALLAS — Spain's Banco Santander has apparently finalized a deal to purchase the remainder of HSBC's portfolio of auto loans for about $4 billion. The bank filed this disclosure with Spain regulators, saying Santander Consumer USA will service the portfolio. Basically, ... [Read More]

IRVINE, Calif. — Consumer Portfolio Services revealed this week that the company received a NASDAQ staff deficiency letter. The letter's purpose was to inform CPS it has failed to comply with the minimum bid price of $1 as required by Rule 5450(a)(1). ... [Read More]

SCHAUMBURG, Ill. — Enthusiasm from Experian Automotive's Melinda Zabritski picked up considerably during her recent Webinar when it was time to discuss the second-quarter amount of vehicle loans with a 30-day or 60-day delinquencies. "This is very good news that we're ... [Read More]

NEW YORK — According to Fitch Ratings, the performance of U.S. auto loan asset-backed securities is starting to show negative trends, which the company said is "typical" for this time of year. While delinquencies and losses hit their lowest level in three ... [Read More]

CHICAGO — The national 60-day auto delinquency rate dropped by almost 20 percent from the first to second quarter to 0.53 percent, TransUnion reported this week. The year-over-year delinquency rate at the national level declined by 27.4 percent in the second ... [Read More]

ALEXANDRIA, Va. — A new study from the Administrative Office of the U.S. Courts reveals that Americans 55 and older are filing for bankruptcy at a higher rate than the rest of the population. Apparently, while many bankruptcies are filed by ... [Read More]

SCHAUMBURG, Ill. — Experian Automotive is offering its analysis of the state of the automotive finance market through the first half of the year during a free Webinar set for today. Melinda Zabritski, director of automotive credit for Experian, plans to ... [Read More]

SARASOTA, Fla. — The chief executive officer of Leedom Group, who also is the dealer principal for a group of five buy-here, pay-here stores in Florida and Georgia, is aiming to create a new advocacy organization — one that can ensure Congress ... [Read More]