S&P Global Ratings reported on Thursday that collateral performance in the U.S. prime and subprime auto loan asset-backed securities (ABS) sectors continued to weaken in January. “Surprisingly, delinquencies did not decline from December to January as they usually do,” the ... [Read More]

On Thursday, Equifax announced the global launch of a portfolio of analytics tools dubbed Equifax Ignite that’s available now in the U.S., Canada and the U.K., and coming to Australia in the fall. The company explained that Equifax Ignite challenges ... [Read More]

The Consumer Financial Protection Bureau (CFPB) recently released a report detailing the problems in the credit reporting industry that the bureau said it has uncovered and corrected through its oversight work. Since launching its supervision of the credit reporting market, ... [Read More]

Wise F&I, which offers an array of voluntary protection products including guaranteed asset protection (GAP), appearance care service contracts, tire and wheel protection, vehicle service contracts, theft deterrent systems, key replacement and other ancillary products, recently announced its products are ... [Read More]

Coinciding with the start of National Consumer Protection Week, both the Federal Trade Commission and New York attorney general Eric Schneiderman — one of the most active individual regulatory enforcers in the auto finance space — both released annual consumer ... [Read More]

Stifel Nicolaus chief economist Lindsey Piegza and Comerica Bank chief economist Robert Dye each examined the comprehensive commentary offered by Federal Reserve chair Janet Yellen regarding the possibility of another interest rate move arriving next week. After taking in what ... [Read More]

Subprime auto finance company Veros Credit is going through what leadership called a “strategic realignment,” which includes the closing of two facilities as well as the hiring of a new senior vice president of sales and marketing. First, Veros Credit, ... [Read More]

Alex Price, director of risk solutions at Digital Recognition Network and one of the leading experts on skip-tracing, will host the first segment of a free, four-part webinar series designed to give collection departments at finance companies “tactics and techniques ... [Read More]

The Michigan Economic Development Corp. (MEDC) this week highlighted the investment and additional personnel Credit Acceptance plans to leverage going forward. Because, state officials said, the subprime auto finance company “is experiencing significant growth and needs to expand its facilities ... [Read More]

The amount of debt consumers are absorbing to acquire a new or used vehicle reached record highs during the fourth quarter, according to the latest State of the Automotive Finance Market report from Experian. With consumers turning to longer-term contracts ... [Read More]