EFG Companies and Northwood University on Wednesday announced the selection of Team Vigilance as the winner of the 2016 F&I Innovator of the Year Award competition and the recipient of $25,000. Competition orchestrators highlighted that Team Vigilance utilized its millennial ... [Read More]

Comerica Bank explained why it continues to expect the Federal Reserve to increase the effective range of the Fed funds rate by 25 basis points on Wednesday. Analysts indicated the Fed funds futures market placed an implied probability of 97.2 ... [Read More]

There is, admittedly, some “unease” about the health of the new-vehicle market in 2017, Scotiabank said in an analysis. Along with somewhat disappointing third-quarter earnings from an automaker, increases in repossessions and subprime auto finance delinquencies have spurred this concern in ... [Read More]

S&P Global Ratings said U.S. prime and subprime auto loan asset-backed securities (ABS) sector’s performance deteriorated in October compared to September and also weakened on a year-over-year basis. According to a report published this week, prime and subprime net losses ... [Read More]

As the Consumer Financial Protection Bureau reported that it handled approximately 27,000 complaints in October, four industry associations delivered a letter this week to the Senate’s top leaders, urging the bureau’s structure be modified to create a five-person, bipartisan board. ... [Read More]

With the Federal Reserve’s final gathering of the year set for next week, an interest rate move certainly appears to be in the works since at least one observer said the market has been behaving that an uptick is coming ... [Read More]

Veros Credit recently announced the promotion of Harvey Singh to chief operating officer. The finance company that originates paper with both franchised and independent dealerships highlighted Harvey will continue to oversee the loan servicing department and will also be responsible ... [Read More]

Imagine you’re trying to complete a “first pencil” with a customer who is either in the showroom or communicating through the chat function on your website. The customer has a trade, and better yet, it’s a model you know will ... [Read More]

Part of the dialogue happening at the recent SubPrime Forum during Used Car Week stemmed from whether or not finance companies — especially ones that specialize in subprime paper — were tightening their underwriting. Furthermore, companies such as Consumer Portfolio ... [Read More]

The Republicans control both the legislative and executive branches of government for only the third time since 1929, the previous times being 2001 and 2003 with President George W. Bush. It would seem to be an opportunity for an end ... [Read More]