If a federal investigation into your dealership or finance company ever happens, perhaps here is some good news regarding how it might unfold. Federal Trade Commission acting chairman Maureen Ohlhausen on Monday announced several internal process reforms in the agency’s ... [Read More]

An experienced technology expert whose previous career stops included stints with Exeter Finance and Capital One is now bringing his talents to defi SOLUTIONS. The loan origination software and lending technology platform provider announced Keven Sticher has joined the team ... [Read More]

Financial Network Inc. (FNI) said it is launching a new loan origination system platform in August. Among the new features, FNI highlighted the solution boasts additional data services, workbench screens and overall functionality. The company also pointed out the platform ... [Read More]

F&I Express wants to celebrate more than the Fourth of July this month. The company declared July to be Love Our Agents Month, an endeavor created to honor what the agents and agencies have done for F&I Express. Management insisted ... [Read More]

S&P Global Ratings noticed a stark difference between the prime and subprime segments when examining collateral performance in May within U.S. auto loan asset-backed securities (ABS). Analysts reviewed the May data and found that in prime segment, relative to April, ... [Read More]

A broad collection of industry representatives already is gearing up to generate a significant pushback against the Consumer Financial Protection Bureau, which earlier this week spelled out a new rule prohibiting the use of class action waivers in arbitration clauses. ... [Read More]

GWC Warranty, a provider of used-vehicle service contracts and related finance and insurance products sold through dealers, has appointed Wendy Pratt as the new associate vice president of strategic alliances. Pratt joined GWC Warranty in 2010 and shortly thereafter was ... [Read More]

FICO is hosting a complimentary webinar in hopes of giving finance companies guidance on streamlining their collections and recovery processes. During the hour-long session, titled “Integrating Collections and Recovery — From Theory to Practice” that’s set for 1 p.m. ET on ... [Read More]

Clearly the industry is “disappointed” that the Consumer Financial Protection Bureau earlier this week issued a final rule prohibiting the use of class action waivers in arbitration clauses. The American Financial Services Association, the National Independent Automobile Dealers Association and ... [Read More]

A recent Experian survey found that 21 percent of consumers said they would consider purchasing a vehicle in the next six months if they could shop credit offers and apply via mobile device quickly and securely. As a result, Experian ... [Read More]