Reporting strong performance in the “no-score” segment of the credit spectrum, Equifax pointed out in a release this week lender vigilance is helping to drive auto loan market success. According to the latest National Consumer Credit Trends Report from Equifax ... [Read More]

To the delight of many in the automotive industry, the House of Representatives voted on and passed a bill aimed at altering the Consumer Financial Protection Bureau’s handling of indirect auto financing. With a vote of 332 to 96, the ... [Read More]

Even though lease credit approvals are down slightly this month, rates remain unusually high, prompting analysts to discuss the factors behind the surge. According to Swapalease.com, lease credit approvals fell to 75 percent this month, down a bit from the ... [Read More]

Personal finance company Springleaf Holdings Inc. recently announced it will be moving forward with its purchase of OneMain Financial Holdings LLC after reaching a settlement with the Department of Justice, as well as the Attorneys General of seven states.   ... [Read More]

Auto loan defaults spiked a bit in October, though analysts say consumer credit default rates still remain at “low levels.” According to data released Tuesday by S&P Dow Jones Indices and Experian, auto loan default rates came in at 1 ... [Read More]

TransUnion’s Industry Insights Report found that outstanding auto loan balances surpassed $1 trillion in the third quarter, an 11.1 percent jump year-over-year. But contract holders appear to be maintaining their payments on that growing balance total since delinquencies — the ... [Read More]

JM Family Enterprises president and chief executive officer Colin Brown recently promoted Ron Coombs to the position of senior vice president and chief financial officer, overseeing the company’s financial operations. Coombs joined JM Family in 1999 as vice president for ... [Read More]

Reynolds and Reynolds recently highlighted that its F&I Libraries now cover 16 states as the company established the Reynolds LAW Arizona F&I Library. Reynolds reiterated that the library is a comprehensive catalog of standardized, legally reviewed finance and insurance documents ... [Read More]

The Indiana attorney general’s office recently reached a settlement agreement with a Toyota dealership in the Jeff Wyler Automotive Family to resolve allegations that the group charged what state officials deemed to be unfair processing fees when selling vehicles. State ... [Read More]

MakeMyDeal, a Cox Automotive company that is geared to enable dealers and shoppers to negotiate a vehicle deal online, recently rolled out a new solution it’s calling F&I Connect. The company explained this product is designed to bring the finance ... [Read More]