On Wednesday, White Clarke Group announced the appointment of Allan Fried to its North American consultancy division as senior consultant. Fried joined the business in August. The company described Fried as a “finance technology heavyweight” who is well-known in the ... [Read More]

The latest report from Fitch Ratings indicated U.S. auto loan and lease credit performance will likely continue to deteriorate in the second half of 2016 and into 2017. Analysts noted year-over-year credit performance deteriorated for auto finance companies in the ... [Read More]

Patty Covington cautioned me beforehand that the opening module of the National Automotive Finance Association’s Consumer Credit Compliance Certification Program would be like drinking from a firehose. Well, she didn’t exaggerate. However, the way she and fellow instructor Eric Johnson ... [Read More]

While the Federal Reserve chose again to pass on moving interest rates higher, research from TransUnion found that up to 92 million credit-active consumers would experience some type of monthly debt service payment increase if policymakers had raised interest rates ... [Read More]

Intellaegis is getting new board chairman: former Exeter Finance Corp. chief executive officer and board member Mark Floyd. This news came as part of an announcement from Exeter on Thursday. The specialty auto finance company said that former GE Capital executive ... [Read More]

This week, EFG Companies and Northwood University announced the student competitors and F&I mentors participating in the second annual F&I Innovator of the Year competition. Vying for $25,000 in prize money, this year’s 18 contestants hail from Arizona, California, Illinois, ... [Read More]

FactorTrust is looking for finance companies to add another consumer definition to their lexicon, encouraging lenders to examine the underbanked population with a new lens. FactorTrust is advocating that the 113 million U.S. consumers with FICO credit scores currently below 700 ... [Read More]

Tile, a Silicon Valley-based smart location company, and Axiom Product Administration, a finance and insurance (F&I) product company, recently signed an exclusive distribution partnership to help protect individuals from the stress and expense of losing their vehicle keys. The Revolution ... [Read More]

GSFSGroup, a nationwide provider and administrator of F&I products and hiring solutions for the automotive industry, recently launched what the company is calling the Dealer Executive Dashboard. It’s a flexible online data solution that can offer GSFSGroup dealers and agents ... [Read More]

While noting that outstanding balances are at an all-time high, auto defaults moved higher again in August, but not to a degree to trigger an alarm from S&P Dow Jones Indices and Experian. The auto segment of the S&P/Experian Consumer ... [Read More]