BANDON, Ore. — Subprime buyers, and the dealers trying to finance them, are finding it more difficult than ever to get approval for a new-vehicle loan, according to Art Spinella, of CNW Research. "For all levels of new-car shoppers — prime, near-prime ... [Read More]

ARLINGTON, Va. — The Consumer Bankers Association announced that it is now offering a bi-annual auto finance study, which covers benchmarks and statistics on indirect auto lending. Compiled by BenchMarch Consulting International, CBA officials call the ramped up version of the ... [Read More]

ALEXANDRIA, Va. — Total bankruptcy filings in the United States increased 37.8 percent last year over calendar year 2006, according to data released today from the Administrative Office of the U.S. Courts. Bankruptcy filings totaled 850,912 for the 12-month period ending ... [Read More]

IRVINE, Calif. — Consumer Portfolio Services announced that it closed a term securitization transaction recently, issuing $244.4 million of triple A notes backed by automotive receivables. In the term transaction, qualified institutional buyers purchased $244,409,000 of notes backed by automotive receivables ... [Read More]

PASADENA, Calif. — VantageILM, a provider of integrated lender/leasing management solutions for finance firms, banks, leasing companies and credit unions, recently announced it has upgraded its collection program. According to officials, the additions are designed to ramp up their on-demand, SaaS platform to increase ... [Read More]

BROOKFIELD, Wis. — In an effort to help auto lenders better deal with the turbulent times, Fiserv announced this week that it has integrated its automotive lending solutions with Conquest Systems' WebCEO desktop reporting tool. This integration is designed to allow ... [Read More]

NORTH RICHLAND HILLS, Texas — Flatiron Financial Services of Centennial, Colo., announced today that it has selected Cypress Software Systems LP's Mark IV consumer loan automation platform and DealerTrack Interface to automate the company's indirect auto financing operations. "We chose Cypress' ... [Read More]

PHOENIX — Chase Auto Finance and Manheim Inspections announced today that Chase will assist Manheim in introducing InSight ECR to help dealers make better decisions about buying used cars for resale. With help from Manheim, Chase said it is becoming the ... [Read More]

BOZEMAN, Mont. — Zoot, a provider of advanced instant credit decisioning and loan origination solutions, recently announced the development of a Red Flag solution suite. Based on industry best practices, Zoot said it has created a unique set of tools to ... [Read More]

FARMINGTON HILLS, Mich. — Autosave, a five-year/100,000 mile warranty program provider, recently announced the national rollout of its Save a Deal Program. The program provides approved financing to all Autosave dealer customers, regardless of credit history or rating. Paul Pawlusiak, president ... [Read More]