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AWARE Shares 12 Resolutions for Healthier Auto Finance Outcomes
Wednesday, Jan. 11, 2012, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — In the spirit of making resolutions, a collection of dealer and a finance association offered a dozen points to help buyers make the right decision when they're ready to finalize a vehicle contract. Among the recommendations by ... [Read More]
RecoveryNet Offers LPR Capability Through Subscription-Based Platform
Monday, Jan. 9, 2012, 12:00 AM
Nick Zulovich
LAS VEGAS — PRA Location Services contends it has found a way for repo agents to take advantage of license-plate recognition technology without operators needing to invest thousands of dollars in equipment and more. The Las Vegas-based subsidiary of Portfolio ... [Read More]
BHPH Dealers Come Under Threat in California
Monday, Jan. 9, 2012, 12:00 AM
Nick Zulovich
SACRAMENTO, Calif. — Last week, California Assemblyman Mike Feuer introduced legislation designed to target the sale and collection practices common to buy-here, pay-here dealers, according to a report in the LA Times. "I am very concerned about practices which target the ... [Read More]
Huntington Bancshares Declares Quarterly Cash Dividend
Monday, Jan. 9, 2012, 12:00 AM
Nick Zulovich
COLUMBUS, Ohio — Huntington Bancshares announced late last week that it has declared a quarterly cash dividend on its Floating Rate Series B Non-Cumulative Perpetual Preferred Stock. The dividend is $1.5469 per share. Officials also noted that the dividend is ... [Read More]
Auto Financing Panel Discussions Highlight Consumer Bankers Association’s Upcoming Event
Monday, Jan. 9, 2012, 12:00 AM
Nick Zulovich
ARLINGTON, Va. — With panels about how buyers obtain vehicle financing, the Consumer Financial Protection Bureau and more, the Consumer Bankers Association is packing several discussions into a three-day event. Officials from the National Automobile Dealers Association, the American Financial ... [Read More]
Valley First Credit Union Switches to VINtek ELT Services
Friday, Jan. 6, 2012, 12:00 AM
Nick Zulovich
PHILADELPHIA — VINtek recently highlighted Valley First Credit Union selected the company as its technology provider to better manage members' vehicle titles. Valley First Credit Union is based in Modesto, Calif., and serves nearly 53,000 members through eight locations in California. ... [Read More]
ABA Finds Direct Auto Loan Delinquencies Extend Unprecedented String of Low Levels
Friday, Jan. 6, 2012, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — Direct auto loan delinquency levels continued on an unprecedented stretch of low readings during the third quarter, according to the American Bankers Association's Consumer Credit Delinquency Bulletin. The auto loan category dropped below its previous low-water mark ... [Read More]
AFSA Vehicle Finance Conference: Time is Running Out for Discounted Bellagio Rate
Friday, Jan. 6, 2012, 12:00 AM
Nick Zulovich
LAS VEGAS — Those planning to head to the American Financial Services Association’s 16th Annual Vehicle Finance Conference and Exposition might want to make hotel reservations this weekend, at the latest. AFSA reminded attendees this week that the Las Vegas Bellagio, the ... [Read More]
Altes Spots Potential Pitfalls of Voluntary Repossessions
Friday, Jan. 6, 2012, 12:00 AM
Nick Zulovich
DAYTONA BEACH, Fla. — Veteran repossessor and Time Finance Adjusters executive Patrick Altes believes there has been an industry myth circulating for years about how voluntary repossessions are expected to unfold easier for both agents and lenders. However, Altes takes ... [Read More]
ABI: A Double-Digit 2011 Bankruptcy Drop Reflects Consumer, Commercial Recovery
Wednesday, Jan. 4, 2012, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — As 2011 comes to an end, a look back on the year reveals that consumers and businesses may be recovering from the credit crisis of 2008, and are likely to continue their progress this coming year. Total ... [Read More]