PHILADELPHIA — VINtek, a provider of collateral management services, electronic lien and title (ELT) services and direct finance processing for automotive lenders, has been selected by Deere Employees Credit Union as its provider of automotive collateral management services, including ELT.    ... [Read More]

LAKE FOREST, Calif. — National Creditors Connection recently formalized a strategic alliance with Del Mar Recovery Solutions to perform repossession agent on-site inspections. In this strategic alliance, officials explained NCCI will assume on-site inspection responsibilities of repossession lots for Del ... [Read More]

FORT WORTH, Texas — Responses to more than a dozen questions delivered in advance to an assistant director of the Consumer Financial Protection Bureau had to be approved by many officials from the new regulatory agency. During the keynote session ... [Read More]

CARY, N.C. — As the calendar approaches the midpoint of 2013, lenders, dealers and service providers are getting a clearer picture about just how unusual this year's tax season was for the used-vehicle industry. Among the perspectives collected by SubPrime ... [Read More]

SCHAUMBURG, Ill. — As new-vehicle leasing hit record levels, Experian Automotive's latest analysis showed how much momentum the subprime finance sector gained during the first quarter. According to its State of the Automotive Finance Market report released on Tuesday, Experian ... [Read More]

BEAVERTON, Ore. — Westlake Flooring Services recently entered into an agreement with Quiktrak, an asset verification and inventory audit solutions provider to handle the auto finance company's field auditing services. Officials highlighted Westlake has experienced tremendous growth in just a ... [Read More]

NORWALK, Conn. and TORONTO — Element Financial Corp. and GE Capital announced a definitive asset purchase agreement late last week under which Element would acquire GE Capital's Canadian fleet portfolio. The deal the companies entered would also result in Element ... [Read More]

RALEIGH, N.C. — FNI president David Bafumo recently studied what he believes are the three most important sections relevant to auto finance companies and dealers from the examination manual issued by the Consumer Financial Protection Bureau. Bafumo dissected more than ... [Read More]

ATLANTA — Manheim chief economist Tom Webb gave some examples of retail sectors that might give a "true sense of the psyche of many used-vehicle buyers." So what kinds of businesses should dealers and finance companies watch besides traffic to ... [Read More]

DEARBORN, Mich. — Captive finance companies, OEMs and more have the victims of the recent Oklahoma tornadoes top of mind, donating money for relief efforts and deferring payments for customers in the storms' paths. Ford Motor Credit and Lincoln Automotive ... [Read More]