Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here
Vincenzo Ciampi of iA Financial Group
Next up on the Canada’s Used Car Week Live Stage is Vincenzo Ciampi . who is senior vice president, of auto finance and dealer services for Canada at iA Financial Group. Ciampi talks with Cherokee Media Group’s Joe Overby about ... Listen Here
Ted Berlovich of Clutch
Continuing the discussions from the Live Stage at Canada’s Used Car Week, senior editor Joe Overby connects with Ted Berlovich, director of wholesale at online used-car retailer Clutch. Berlovich explained the company’s wholesale process, how the company handles some of ... Listen Here

Capital One Auto Finance President Discusses New One Program

Nick Zulovich
McLEAN, Va. — By integrating all subsidiaries into One Program, Ryan Schneider, president of Capital One Auto Finance, said his company now auto approves 98 percent of all auto loans, with an average decision time of less than 45 seconds. ... [Read More]

Drive Financial Settles Class Action Lawsuit

Nick Zulovich
HOUSTON — Drive Financial recently settled a class action lawsuit, which involved more than 1,150 Texas residents who claimed Drive violated numerous federal and state consumer protection laws while attempting to collect debts. Attorney Richard Tomlinson said he filed suit ... [Read More]

1Q Bankruptcy Filings Soar

Nick Zulovich
WASHINGTON, D.C. — Bankruptcy filings for the first quarter came in as the highest on record at 193,641, according to the Administrative Office of the U.S. Courts. "This was a 66-percent increase when compared to the 116,771 filings in the ... [Read More]

Fiserv Auto Solutions Integrates with RouteOne

Nick Zulovich
KING OF PRUSSIA, Pa. — Fiserv Auto Solutions announced it has integrated its Loan Origination System with RouteOne. "There are two factors that impact a lender's success in indirect automotive finance: dealer relationships and the ability to quickly respond to ... [Read More]

ABA: 1Q Indirect Auto Loan Delinquencies Up Slightly

Nick Zulovich
WASHINGTON, D.C. — According to the American Bankers Association's Consumer Credit Bulletin, indirect auto loan delinquencies came in a bit higher in the first quarter at 2.73 percent, compared to 2.57 percent in the fourth quarter of last year. Indirect ... [Read More]

Wells Fargo & Co. Names New CEO

Nick Zulovich
SAN FRANCISCO — Wells Fargo & Co.'s board of directors named John Stumpf, former chief operating officer, as the new chief executive officer last week. Officials said Stumpf will retain his title of president, which he had while recently serving ... [Read More]

BHPH Dealers Express Concerns about Untrained Dealers Entering Business, More

Nick Zulovich
NASHVILLE — The competition in the buy-here, pay-here sector is heating up as more and more franchised and independent dealers are testing the waters by jumping into the business to boost profits. During a free-wheeling workshop and discussion at the ... [Read More]

Non-Profit Credit Counseling Firm Shares Bankruptcy Demographics

Nick Zulovich
PORTLAND, Maine — To get a general snapshot of bankruptcy demographics, the Institute for Financial Literacy said it surveyed clients who are in financial distress and seeking credit counseling and financial education. After questioning more than 24,000 Americans seeking their ... [Read More]

Car-Mart and CarMax Report Financial Results

Nick Zulovich
BENTONVILLE, Ark., and RICHMOND, Va. — Buy-here, pay-here auto group, America's Car-Mart, reported that it slowed sales to improve credit quality, which resulted in a decline in revenue and net income for its fourth quarter. Meanwhile, CarMax continued its expansion, ... [Read More]

Financial Services Expert, Hudson Cook Partner Testifies Before Congress

Nick Zulovich
HANOVER, Md. — Anne Fortney, a partner with the Hudson Cook law firm recently testified before the House Committee on Financial Services about furnishers' ability to maintain and report accurate information to credit reporting agencies. Basically, furnishers are any companies ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X