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]

Westlake Financial Services is looking to use a pair of technology advancements in an effort to drum up more business for the finance company that specializes in subprime retail installment contracts. First this week, Westlake launched an online indirect auto ... [Read More]

Bankruptcy lead provider OnlineBKmanager.com is celebrating 20 years of servicing dealerships with marketing material to dealerships who want to do business with individuals who either filed or had their bankruptcies discharged. “It is hard to believe it has been 20 ... [Read More]

Perhaps it’s not yet a significant risk threat to the overall health of auto finance company portfolios, but Experian Automotive’s Melinda Zabritski explained the possible problems if your customers are using the vehicle attached to the installment contract to drive ... [Read More]

President Trump took aim again at government regulation with the executive order he signed on Friday. The latest action is requiring every agency to establish a regulatory reform task force “to eliminate red tape,” according to the White House. The ... [Read More]