Stretching terms forced Credit Acceptance to adjust its expectations for future cash flows. But increasing contract length to the longest average in company history perhaps helped the finance provider turn around a string of declines in the number originations from ... [Read More]

Another busy week at the Consumer Financial Protection Bureau closed with a personnel move by the acting director that one legal expert called without hesitation, “a big deal.” According to an internal email first brought to light by The Washington ... [Read More]

Two attorneys who spent part of their legal careers with the Consumer Financial Protection Bureau and are now in private practice described how the regulator can claim some victories since the latest federal court action deemed the agency is constitutional. ... [Read More]

The decision has arrived. The current structure of the Consumer Financial Protection Bureau is constitutional, according to the latest federal court action. On Wednesday, the en banc review by the D.C. Circuit Court of Appeals surfaced, and the majority opinion ... [Read More]

Here’s another example of data and research leading directly to development of a solution aimed at smoothing out underwriting, which in turn helps finance companies book more paper and dealerships turn more metal. Dealer Marketing Services, the makers of ProMax, ... [Read More]

For the second time this month, LAUNCHER.SOLUTIONS has reached another strategic partnership. On Tuesday, LAUNCHER.SOLUTIONS, a technology provider specializing in subprime automotive finance originations, announced an integration with Dealertrack. The partnership allows finance companies using LAUNCHER to streamline the process ... [Read More]

One forwarding company evidently is performing “The Toyota Way.” Millennium Capital and Recovery Corp. closed 2017 with a bang by earning the prestigious Kaizen Award from Toyota Financial Services (TFS). The Hudson, Ohio-based firm was recognized for its continuous innovation ... [Read More]

Two more Hudson Cook partners are receiving accolades for their depth of knowledge and performance within consumer finance law. Hudson Cook partners Lucy Morris and Ryan Stinneford have been elected as Fellows of the American College of Consumer Financial Services ... [Read More]

CoreLane Technologies, a provider of innovative transactional connectivity solutions for dealers and finance companies, on Monday announced that Automotive Credit Corp. will make the innovative CreditLane platform available to its network of dealers. Executives highlighted the CreditLane platform, which can ... [Read More]

GrooveCar recently highlighted credit unions from 14 different states joined its online vehicle buying program during the fourth quarter. GrooveCar, which provides credit union partners with continuous support services, market consulting, marketing collateral support to optimize communications with members and ... [Read More]