There’s an incorrect assumption that many Americans — and potentially your customers and other auto-related consumers — are making when it comes to their credit score standing. In results of its national survey of renters revealing “widespread confusion” about what is ... [Read More]

Wolters Kluwer Financial Services announced Monday that Automotive Credit Corp., a Midwest-based provider of subprime financing solutions, joined the AppOne platform. The companies explained AppOne can help to automate the credit approval and compliance processes for finance companies and the ... [Read More]

A former executive at US Bank, Coastal Credit and Security National Automotive Acceptance Corp. (SNAAC) recently joined New-York based OneSource Financial as vice president of sales and business development. Taking on this role for OneSource Financial is Ben Hensley, who ... [Read More]

Along with acknowledging a document request from the Securities and Exchange Commission, Ally Financial reported a new record for used-vehicle originations as the company generated $3.2 billion in used paper during the third quarter. The performance marked two quarters in ... [Read More]

The Consumer Financial Protection Bureau is hosting another field hearing, but the agency hasn’t yet shared what topic it will be discussing. CFPB officials did indicate the event will be on Nov. 13 in Wilmington, Del. They added the hearing ... [Read More]

BillingTree announced the next webinar in its series titled, Payment & Technology Spotlight Series — Technology and Innovation for the Digital Age. With the upcoming segment putting the spotlight on compliance, BillingTree highlighted the free session will feature a virtual ... [Read More]

Along with some explanation about conflicting economic trends, CNW Research highlighted the healthy year-over-year gain in subprime financing the industry has posted this month. According to the firm’s latest Retail Automotive Summary, CNW indicated the amount of completed contracts connected ... [Read More]

The American Financial Services Association installed TD Auto Finance president and chief executive officer Andrew Stuart as its chair for 2014-2015 during the association’s 98th annual meeting this week in Los Angeles. During his one-year term, Stuart will preside over ... [Read More]

Along with acknowledging the reception of additional investigative subpoenas, General Motors Financial posted across the board growth in North American loan originations during the third quarter, thanks in part to a prime financing program that rolls out fully to the ... [Read More]

It’s not necessarily the volume of auto loans that commercial banks are generating that has the Office of the Comptroller of the Currency (OCC) troubled. It’s the volume of paper that has defaulted and been charged off that has bank ... [Read More]