RALEIGH, N.C. — Last week's enforcement action by the Consumer Financial Protection Bureau against U.S. Bank and Dealers' Financial Service is pushing service providers in the vehicle financing industry to sharpen their protocols to avoid a similar fate. For example, ... [Read More]

BOUNTIFUL, Utah — New Start Financial recently announced the company is launching a subprime auto financing program to all independent and franchised dealers throughout Utah. Previously, NSF was only available at two select independent dealerships. But a recent merger with ... [Read More]

IRVINE, Calif. — DocVerify, a secure electronic signature provider, is bringing its electronic signature and secure VeriVault verification systems to Oracle Fusion CRM. Officials highlighted the news comes just a few weeks after DocVerify announced a major update to its ... [Read More]

MINNEAPOLIS — Now that the Consumer Financial Protection Bureau is beginning to levy penalties in association with vehicle lending, results from the newest Regulatory & Risk Management Indicator conducted by Wolters Kluwer Financial Services might carry even more validity. When ... [Read More]

SALT LAKE CITY — Integrated Lending Technologies and Advanced Business Computers of America recently completed the integration of ILT's DILLS system with ABCoA's Deal Pack Dealer Management System. The company highlighted all data regarding loans funded by lenders using DILLS ... [Read More]

WASHINGTON, D.C. and MINNEAPOLIS — The first significant penalty from the Consumer Financial Protection Bureau in connection with vehicle financing came Thursday — a development associated with approximately $6.5 million in revenue for two companies. The CFPB ordered U.S. Bank ... [Read More]

CARY, N.C. — Compliance experts from Reynolds and Reynolds and Dealertrack Technologies explained how the first enforcement action against the vehicle financing industry by the Consumer Financial Protection Bureau might give more detail about the agency's regulatory agenda. To begin ... [Read More]

WASHINGTON, D.C. — Nearly simultaneously as the director of the Consumer Financial Protection Bureau reportedly responded to a series of policy questions from the House Democrats, lawmakers from the other side of the aisle fired a list of inquiries about ... [Read More]

CHICAGO — TransUnion didn't hesitate in stating the slight uptick in the national auto loan delinquency rate occurred because of a rise in delinquencies for subprime borrowers. This week, analysts found that delinquencies for subprime buyers crept up to 5.50 ... [Read More]

COLUMBUS, Ohio — Huntington recently announced that it is expanding its successful auto dealer financing business into Connecticut and added key personnel into the state to support the initiative. Huntington indicated that the company hired a seasoned team with local ... [Read More]