As Edmunds spotted interest rates on new-vehicle financing climbing to the highest level in nearly a decade, the latest auto finance data from Equifax showed severe delinquency edged up only slightly in February. According to information shared this week with ... [Read More]

As another state in the Northeast established an consumer protection agency that resembles the one at the federal level, the acting director of the Consumer Financial Protection Bureau included what he called a “request that Congress make four changes to ... [Read More]

Finding vehicles up for repossession is daunting, so service providers are continuing to merge their technologies in order for finance companies to improve recovery efforts. ALS Resolvion announced that it recently became the first repossession management firm to successfully integrate its in-house ... [Read More]

Vehicle leasing in the subprime space is getting a boost by two service providers now collaborating. DIMONT, a provider of insurance claims recovery and collateral loss mitigation services, finalized a partnership this week with Pennsylvania-based Auto Trakk, a leading automotive ... [Read More]

Now with one quarter of 2018 in the books, Black Book and Fitch Ratings released their latest joint vehicle depreciation report. Along with three other major findings, Black Book forecasted an annual depreciation rate of 17 percent in 2018 as ... [Read More]

Industry associations and private and publicly traded companies aren’t the only entities replying to a request for information issued by the Consumer Financial Protection Bureau. Last week, the Federal Trade Commission’s Bureau of Consumer Protection (BCP) filed a comment to ... [Read More]

Two leading providers of technology to help dealership F&I offices function smoothly — Darwin Automotive and Reynolds and Reynolds — each recently landed significant developments to boost their industry presence. First, Darwin Automotive announced that Darwin Online is now integrated ... [Read More]

With so much discussion happening at recent industry conferences about enhancing how customers shop for and finance their vehicles, Santander Consumer USA took action. SCUSA unveiled a new company website with the singular goal of improving the overall customer experience. ... [Read More]

Earlier this year, SpringboardAuto released results of a survey that determined consumers want to finance their vehicle online and doing so significantly improves their overall car buying experience and perception of the dealership where they take delivery. And last week, ... [Read More]

In its long-awaited ruling addressing the Federal Communications Commission’s 2015 Declaratory Ruling and Order, the U.S. Court of Appeals for the D.C. Circuit partially upheld and partially set aside challenges to four specific provisions that had been intended to offer ... [Read More]