SANTA FE, N.M. — State Employees Credit Union of New Mexico shared ways new and current members can win the grand prize of its new auto loan promotion contest. Now running through Aug. 31, the credit union is prepared to ... [Read More]

NEW YORK — LexisNexis officially re-launched its dedicated receivables management website, outfitting the site with new Web 2.0 capabilities in an attempt to create an interactive, online experience.  The website now features blog posts and articles relevant to the receivables ... [Read More]

MINNEAPOLIS — Nationwide Acceptance Corp. dealer customers may now process credit applications electronically through Wolters Kluwer Financial Services’ AppOne lender platform. The two companies recently announced that Nationwide has joined the AppOne lender platform, which automates the indirect lending, credit ... [Read More]

NEW YORK — According to the S&P/Experian Consumer Credit Default Indices, the auto loan default rate dropped from 1.45 percent in April to 1.34 percent in May. Moreover, first and second mortgage default rates decreased in May to 2.09 percent and ... [Read More]

SOUTHFIELD, Mich. — Credit Acceptance Corp. has extended the maturity and increased the amount of its revolving secured line of credit facility, as well as extended the date on which its $325 million revolving secured warehouse facility will cease to revolve. Credit Acceptance ... [Read More]

FOUNTAIN VALLEY, Calif. — In an effort to push the 2012 Accent and the rest of its new-model lineup, Hyundai Motor America renewed its partnership with Motozuma, a free social savings website where consumers can stash money to be used ... [Read More]

RANCHO SANTA MARGARITA, Calif. — Taking its dealer suggestions seriously, Finance Express recently announced that Experian Automotive’s AutoCheck vehicle history reports will now be available through the company’s Internet-based dealer management system. "We take our dealers' suggestions very seriously, so ... [Read More]

PITTSBURGH — PNC announced this week that it has reached a deal to purchase the U.S. arm of Royal Bank of Canada for $3.45 billion, or a $112 million discount on "tangible book value," according to management. With about $25 billion in ... [Read More]

WASHINGTON, D.C. — SubPrime Auto Finance News learned Wednesday that JP Morgan Chase & Co. has settled some challenges raised by the Office of the Comptroller of the Currency over its auto finance credit tactics and credit tactics at two other ... [Read More]

NEW YORK — Evidently the portfolio assembled by auto lenders during the past five years generated stronger returns for Wall Street investors than other possibilities such as home mortgages. That's according to the assessment offered by DBRS in its latest ... [Read More]