Experian’s newest State of the Automotive Finance Market Report showed average contract terms continued to decrease. Amid rising interest rates, Experian reported on Thursday consumers are continuing to opt for shorter terms based on findings from the second quarter. However, ... [Read More]

At least three economists anticipate the Federal Reserve pushing interest rates higher after chairman Jerome Powell made one of his most anticipated speeches of the year last week. The Fed’s annual gathering in Jackson Hole, Wyo., was the backdrop on ... [Read More]

If you already suspect many of the contract holders in your auto finance portfolio prefer to be contacted via text messaging, this research might reinforce your thinking. A recent study conducted by TextUs and Benenson Strategy Group surveyed smartphone users ... [Read More]

Among a series of activities in recent days, the Consumer Financial Protection Bureau entered a proposed settlement on Monday with what the regulator called “a ring of corporate entities” operating some of the largest credit repair brands in the country, ... [Read More]

Nine industry associations recently sent a letter to the Federal Communications Commission (FCC), pushing back against the regulator’s plan involving call blocking and offering suggestions so financial institutions can still contact their customers. The associations responded because the FCC wants ... [Read More]

A few days after S&P Global Ratings shared its perspectives about how auto securitizations are performing, Fitch Ratings offered its assessment, too, focusing on the subprime sector. Analysts indicated Wednesday that subprime auto ABS loan performance deterioration has recently moderated ... [Read More]

A quartet of industry executives took turns describing data contained in nearly 20 slides highlighting some of the top trends from 2023 Non-Prime Automotive Financing Survey that featured members of the National Automotive Finance Association and the American Financial Services ... [Read More]

On Wednesday, Launcher unveiled the fifth iteration of its loan origination platform. The technology provider said the latest version of appTRAKER LOS vV blends a “staggering” list of process improvements and workflow efficiencies for finance companies utilizing the appTRAKER LOS ... [Read More]

Along with taking a deep look at the banking sector, S&P Global Ratings also published its latest views on U.S. auto loan asset-backed securities (ABS). Analysts arrived at four assertions when looking at ABS performance for June. They included: —Performance ... [Read More]

Rhode Island’s attorney general recently reached an agreement to resolve three enforcement actions with a trio of franchised dealerships in the Ocean State for charging automatic add-ons and fees not included in the advertised price and other advertising practices. In ... [Read More]