New ValidiFI report reinforces importance of spotting high-risk indicators of ACH transactions
Wednesday, Sep. 25, 2024, 11:10 AM
LegalShield: Spiking consumer financial stress 'not a fluke'
Thursday, Sep. 26, 2024, 11:32 AM
Survey: Despite notable lack of emergency funds, majority of Americans feel confident about handling unexpected expenses
Tuesday, Sep. 24, 2024, 10:28 AM
NABD to Share Findings on BHPH Payment Devices
Tuesday, Oct. 13, 2009, 12:00 AM
Nick Zulovich
HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers announced Monday that it is compiling a comprehensive report containing statistics on the use of payment devices by BHPH operators. Kenneth Shilson, CPA and NABD founder, explained that technology will play an ... [Read More]
Wolters Kluwer, Nowcom Team Up
Thursday, Oct. 8, 2009, 12:00 AM
Nick Zulovich
LOS ANGELES — Dealers who work with Wolters Kluwer Financial Services now have a streamlined system of processing loan documents thanks to a new service being offered by Nowcom. With a simple click of the mouse, Nowcom's Dealer Desktop "print pack" ... [Read More]
AutoLoanDaily.com Goes Live
Thursday, Oct. 8, 2009, 12:00 AM
Nick Zulovich
FORT LAUDERDALE, Fla. — AutoLoanDaily.com launches as a consumer auto finance news and advice site that will feature stories with dealers, lenders and credit experts. The site is designed to provide shoppers with advice and research on loans, leases and car financing. "In ... [Read More]
Henderson Names Replacement for LaNeve
Thursday, Oct. 8, 2009, 12:00 AM
Nick Zulovich
DETROIT — Late Wednesday, Fritz Henderson, General Motors president and chief executive officer, named Mark LaNeve's replacement. Promoted to the position is Susan Docherty, who is currently the general manager of Buick-GMC. She takes over the role on Oct. 16 and ... [Read More]
Fed: Average Amount Financed on Car Loan Plummets
Thursday, Oct. 8, 2009, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — The Federal Reserve announced the latest auto finance trends on Wednesday, and in an interesting turn, the average amount financed at auto lenders showed a significant drop. This figure came in at $24,405 on new-car loans in August, ... [Read More]
AppOne Gains Kansas-Based Credit Union
Tuesday, Oct. 6, 2009, 12:00 AM
Nick Zulovich
BATON ROUGE, La. — In the all-important need to open up credit availability and get the economy moving again, Wolters Kluwer Financial Services announced it has gained a new financial institution to use its AppOne platform. The most recent lending facility to ... [Read More]
Bankruptcy Filings Hit New Nine-Month Record Since 2005
Tuesday, Oct. 6, 2009, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — For the first time since 2005, bankruptcy filings jumped past the 1 million mark during the first three calendar quarters of a year, according to the American Bankruptcy Institute. Relying on data on from the National Bankruptcy Research ... [Read More]
Former AmeriCredit Exec Joins XpressCredit as Director of Lender Development
Tuesday, Oct. 6, 2009, 12:00 AM
Nick Zulovich
SYRACUSE, N.Y. — XpressCredit today announced the hiring of a former AmeriCredit executive as director of lender development. Taking on this position is Rory Noske. Noske brings more than 18 years of experience, developing business relationships in the auto financial services ... [Read More]
DealerTrack Adds Red Flags Reporting
Tuesday, Oct. 6, 2009, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack customers now have access to Red Flags Reporting. The Red Flags Rules are expected to be enforced starting Nov. 1. The addition is designed to help dealers in providing an audit trail and ensuring employees are complying with the Red ... [Read More]
ABA Says Auto Loan Delinquency Rates Improved
Thursday, Oct. 1, 2009, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — Although overall consumer delinquencies reached a record mark during the second quarter, auto loans — both direct and indirect — showed significant improvement during the period, according to the American Bankers Association. Specifically, direct auto loan delinquencies dropped 55 basis ... [Read More]