Survey: 27% of consumers do not review their credit report annually
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Edmunds: Average amount financed for used cars drops in Q3
Tuesday, Oct. 1, 2024, 10:00 AM
FTC reiterates use of ‘plain language’ associated with regulatory activities
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GM Financial Prices $900M Receivables-Backed Securities
Thursday, Oct. 27, 2011, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — General Motors Financial revealed Wednesday the pricing of a $900 million offering of automobile receivables-backed securities. The weighted average coupon on the notes to be paid by GM Financial is 2.9 percent. Moreover, the 2011-5 transaction ... [Read More]
CarHop Opens Doors to 4th Chicago-Area Store
Thursday, Oct. 27, 2011, 12:00 AM
Nick Zulovich
CHICAGO — Buy-here, pay-here dealership chain CarHop revealed Wednesday that Chicago-area car shoppers will have another dealership to choose from. The company opened its fourth Chicago-area store yesterday, located at 6039 North Western Avenue; an area which the company asserts ... [Read More]
Capital One’s 3Q Auto Originations Climb by Double Digits
Tuesday, Oct. 25, 2011, 12:00 AM
Nick Zulovich
McLEAN, Va. — Despite mixed overall net income results, Capital One Financial Corp. watched its auto finance activity strengthen during the third quarter. Capital One determined its auto finance originations came in at $3.4 billion, up 17 percent from the ... [Read More]
Fiserv Offers Social Media Strategy for Financial Institutions
Tuesday, Oct. 25, 2011, 12:00 AM
Nick Zulovich
BROOKFIELD, Wis. — As more and more consumers turn to social media in their daily lives, Fiserv believes financial institutions need to be leveraging this platform. The company recently shared some insights into how organizations can add social media to their marketing ... [Read More]
Black Book Launches Collateral Risk Scores for Lenders
Tuesday, Oct. 25, 2011, 12:00 AM
Nick Zulovich
GAINESVILLE, Ga. — Predicting the rate at which a used-model depreciates, or the collateral risk on an auto loan, can be a very difficult task. So how can lenders assess loss severity potential for their portfolios? Black Book believes it has ... [Read More]
CFPB Unveils & Explains New Supervision and Examination Manual
Tuesday, Oct. 25, 2011, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — The Consumer Financial Protection Bureau recently released the CFPB Supervision and Examination Manual — a guide for examiners to use in overseeing companies that provide consumer financial products and services such as auto loans. CFPB's manual is geared ... [Read More]
Hotel Deadline Approaches for Used Car Week Conferences
Thursday, Oct. 20, 2011, 12:00 AM
Nick Zulovich
CARY, N.C. — The deadline for reserving a room for the Used Car Week Conferences at the exclusive conference rate is quickly approaching, according to Cherokee Automotive Group executives. According to conference organizers, Friday is the last day that the ... [Read More]
Drive Time Chooses Inilex as GPS Solutions Provider
Thursday, Oct. 20, 2011, 12:00 AM
Nick Zulovich
PHOENIX — Buy-here, pay-here dealership chain Drive Time revealed this week it has chosen Inilex as its supplier of GPS-based vehicle tracking and recovery solutions. Speaking on the recent news Drive Time managing director John Gersitz said, “We look forward ... [Read More]
S&P/Experian: Auto Loans Only Credit Segment to Show Month-Over-Month Improvement
Thursday, Oct. 20, 2011, 12:00 AM
Nick Zulovich
NEW YORK — The S&P/Experian Consumer Credit Default Indices all climbed based on data through September, except one category — auto loans. The auto loan default reading actually dipped from 1.31 percent in August to 1.29 percent in September, S&P ... [Read More]
Chase, Aston Martin Partner for Retail Subvention Program
Thursday, Oct. 20, 2011, 12:00 AM
Nick Zulovich
GARDEN CITY, N.Y. — To assist high-end luxury vehicle buyers, Chase Auto Finance and Aston Martin the Americas announced this week an expansion of their relationship, with the lender becoming the exclusive provider of financing for the brand's first U.S. retail subvention program. Officials explained ... [Read More]