WASHINGTON, D.C. — With auto lenders, service providers and dealers being potential targets, the Department of Justice and the Consumer Financial Protection Bureau signed an agreement Thursday to strengthen coordination on fair lending enforcement and avoid duplication of their respective ... [Read More]

DALLAS — The American Recovery Association is making an open call for speakers to be included in the fifth annual North American Repossessors Summit, which is set for April 26—27. ARA and the NARS 2013 planning committee are looking for ... [Read More]

SCHAUMBURG, Ill. — Experian Automotive's Q3 State of the Automotive Finance Market Analysis showed an even higher majority of used-vehicle buyers fall into subprime credit tiers. The report released Tuesday indicated the total subprime financing market for used vehicles in ... [Read More]

WASHINGTON, D.C. — The Federal Trade Commission recently announced publication of an interim final rule on identity theft "red flags" that narrows the circumstances under which creditors are covered by the rule. Officials explained Congress directed the FTC along with ... [Read More]

WASHINGTON, D.C. — One of the primary architects of the Consumer Financial Protection Bureau reportedly is heading for a leading role within the Senate Banking Committee. According to Bloomberg, U.S. Senator-elect Elizabeth Warren will be part of the chamber's banking ... [Read More]

SARASOTA, Fla. — Leedom and Associates recently tapped a veteran industry educator and former dealer to be a 20 group moderator, trainer and consultant. Selected for the role was Jay Prassel, according to Leedom Group chief executive officer Chris Leedom. ... [Read More]

CHICAGO — The seasonal movement TransUnion spotted several times when looking at national auto loan delinquency rates for the second and third quarters of a calendar year unfolded similarly again in 2012. Analysts determined the ratio of borrowers 60 or ... [Read More]

SKOKIE, Ill. — Turner Acceptance Corp. recently opened its fifth personal loan branch in Illinois. The new branch is located in Burbank. Andres Huertas, Turner's director of direct and merchant financing, highlighted the newest location will complement the company's other ... [Read More]

CARMEL, Ind. — Along with an announcement late last week of another common stock offering, KAR Auction Services' board of directors approved the initiation of a quarterly cash dividend on the company's common stock. The first dividend paid to stockholders ... [Read More]

PHILADELPHIA — VINtek, a provider of automotive collateral management, electronic lien and title (ELT) services and direct finance processing, recently announced it is assisting automotive lenders in Georgia with compliance with finalized ELT legislation. In October, the Georgia Department of ... [Read More]