S&P Global Ratings: Extensions exceeding pre-pandemic level
Evidently, finance companies are instructing their collections departments to work even harder with customers who are having trouble maintaining their monthly payments. According to S&P Global Ratings’ latest U.S. auto loan asset-backed securities data shared with Cherokee Media Group on Tuesday, extensions as of September exceeded the pre-pandemic level from September 2019 for both subprime […]
October 09, 2026
Just three days after the Federal Trade Commission dismissed its complaint against Asbury Automotive Group over allegations of “payment packing,” the regulator on Thursday secured a settlement with Greenway Auto Group. The settlement involves another lawsuit alleging Greenway advertised prices that “were thousands of dollars below what it actually charged,” according to the FTC, which […]
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October 09, 2026
Along with giving individual awards and recognizing agencies that have reached significant milestones of membership involvement, the American Recovery Association installed its board of directors during its recent annual convention in Frisco, Texas. “I have only been on the board for a couple of years and have served as your president for about a year, […]
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October 09, 2026
Hudson Cook partners Patty Covington and Eric Johnson got to switch from litigators to educators again this week when they led the 2026 Compliance Champions Workshop hosted by the National Automotive Finance Association. While many compliance professionals, legal experts and auto-finance leaders made the trip to Irving, Texas, for the event, multiple participants also joined […]
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