WASHINGTON, D.C. — The American Bankers Association's latest Consumer Credit Delinquency Bulletin showed auto loan delinquencies were on the rise during the second quarter as were most loan and credit segments. The association discovered that quarter-over-quarter direct auto loan delinquencies ... [Read More]

ALEXANDRIA, Va. — Boosting claims of an expected year-over-year decline for all of 2011, the American Bankruptcy Institute determined U.S. consumer bankruptcy filings through the first nine months of the year dropped by double digits compared to the same time ... [Read More]

BENTONVILLE, Ark.— America’s Car-Mart recently revealed its two newest dealerships, one which marks the company’s first store in Mississippi. The two new rooftops, located in Nicholasville, Ky., and Columbus, Miss., bring the company’s store count to 110. William “Hank” Henderson, ... [Read More]

ATLANTA — Rising to levels rarely seen in past three years, Equifax discovered this week that new-loan originations between January and June climbed 15 percent compared to the same period a year ago. At 1.7 million, Equifax indicated June loan ... [Read More]

CARMEL, Ind. — This week, J.D. Byrider hired one of its most successful franchisees to serve as the company's chief operating officer. As the owner of five J.D. Byrider franchise locations in Ohio and Pennsylvania, Rob Palmer now will be ... [Read More]

SARASOTA, Fla. — Leedom Group announced that in an effort to better serve the needs of its dealer clients and the buy-here, pay-here industry as a whole, it has moved the dates of next year’s Buy-Here, Pay-Here World Convention to ... [Read More]

IRVINE, Calif. — Earlier this week, Consumer Portfolio Services closed its second rated term securitization of the year. The company indicated the transaction is CPS's third senior subordinate securitization since 1993. In the transaction, officials explained qualified institutional buyers purchased ... [Read More]

IRVING, Texas — Online auto finance company myAutoloan.com recently revealed its newest consumer tool with the launch of its Interest Rate Estimator. The interest-rate widget aims to answer frequently asked questions consumers have about the intricacies of interest rates and credit ... [Read More]

WAYNE, Pa. — Systems developer MaximTrak Technologies and software provider F&I Administration Solutions revealed they are partnering in an effort to allow dealers to electronically rate, contract and register contracts for all providers through the SCS Auto administration platform without ... [Read More]

WOODCLIFF LAKE, N.J. — As a way to hook young professionals to its brand, BMW Group Financial Services recently rolled out a new College Graduation Program that includes special incentives on certified pre-owned vehicles. The program encompasses both leases and loans and ... [Read More]