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Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here

Hudson: Consumer Credit Fairness Act Could Hurt Industry

Nick Zulovich
HANOVER, Md. — A bill currently being considered by the U.S. Senate Judiciary Committee could prove to be harmful for subprime auto financing and for used-vehicle dealers, and the industry should be aware of its potentially "dangerous" impact, according to Tom Hudson, an attorney ... [Read More]

XpressCredit Partners with East Coast Funding

Nick Zulovich
SYRACUSE, N.Y. — XpressCredit announced recently that it has formed a partnership with East Coast Funding Group, an auto lender based out of Great Neck, N.Y. As part of their relationship, East Coast Funding can utilize XpressCredit's patent-pending technology — including the ... [Read More]

FTC Delays Red Flag Rule Enforcement

Nick Zulovich
WASHINGTON, D.C. — The Federal Trade Commission recently announced it will the delay enforcement of the new Red Flags Rule until Aug. 1 to give creditors and financial institutions more time to develop and implement written identity theft prevention programs. This ... [Read More]

Fed Banking Supervisors Offer Update on Capital Assessment of 19 Bank Holding Companies

Nick Zulovich
WASHINGTON, D.C. — During this period of extraordinary economic uncertainty, the U.S. federal banking supervisors believe it to be important for the largest U.S. bank holding companies to have a capital buffer sufficient to withstand losses and sustain lending even in ... [Read More]

MyAutoloan.com Witnesses Increased Consumer Demand

Nick Zulovich
IRVING, Texas — MyAutoloan.com, an online auto loan finance company, recently reported that it has seen a significant increase in customer auto loan applications for the first quarter of 2009 and continuing into the second quarter. MyAutoloan.com, which is an online ... [Read More]

VeriFacts, Triad Financial Team Up to Ramp Up Services

Nick Zulovich
NORTH RICHLAND HILLS, Texas — VeriFacts Inc., a leading provider of skip trace solutions, and Triad Financial recently announced their partnership to offer a one-stop shop of services. In combination with VeriFacts POEExtreme package, the new menu includes: —Debtor and asset ... [Read More]

Chrysler Financial Halts Floor Planning, Chrysler Subvented Rates

Nick Zulovich
FARMINGTON HILLS, Mich. — As a result of Chrysler filing for Chapter 11, Chrysler Financial announced this week that it is required to temporarily suspend dealer wholesale financing in the U.S. and Canada, effective immediately. This will continue as financial company ... [Read More]

GMAC Extends Curtailment Waiver for Dealers, Now Accepting Non-Franchise Wholesaling Applications

Nick Zulovich
NEW YORK — GMAC executives said the company is continuing to demonstrate its support of automotive dealers by announcing additional actions, including extending the curtailment waiver for the month of May and accepting new applications for wholesale financing from qualified U.S. ... [Read More]

Bankruptcies Continue Double-Digit Year-Over-Year Climb

Nick Zulovich
ALEXANDRIA, Va. — U.S. consumer bankruptcy filings again climbed by double digits in April, jumping a total of 36 percent from a year ago, according to the American Bankruptcy Institute, which relies on data from the National Bankruptcy Research Center. The ... [Read More]

Westlake Financial Enters Hawaii

Nick Zulovich
LOS ANGELES — Westlake Financial Services has recently expanded into the state of Hawaii. The company now operates in 37 states, with Hawaii officially being added the first of May. "We are very excited to provide an additional lending source to ... [Read More]

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