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
New Data Finds that Subprime, Deep Subprime Outstanding Balances Continue to Grow
Thursday, Sep. 3, 2009, 12:00 AM
Nick Zulovich
COSTA MESA, Calif., and NEW YORK — Apparently, consumers are continuing to migrate to lower credit bands. In fact, the number of consumers falling into the super-prime category has dropped by 10 percent since the third quarter of 2008, as measured ... [Read More]
Bankruptcy Filings Climb Over Last August
Thursday, Sep. 3, 2009, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — Bankruptcy filings in August again increased over the same month in the prior year. However, on the brighter side, the number of filings was a decline from July. More specifically, the American Bankruptcy Institution reported 119,874 consumer bankruptcy ... [Read More]
AWARE: Transportation is Vital to Job Seekers
Thursday, Sep. 3, 2009, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — As many Americans this Labor Day deal with record high levels of unemployment, Americans Well-Informed on Auto Retailing Economics pointed out that the importance of transportation when looking for jobs is vital. The group went on to say ... [Read More]
Digital Recognition Network Partners with TFS to Recover Vehicles
Tuesday, Sep. 1, 2009, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — With many companies and reports finding that repossessions and defaults are on the upswing, recovering these vehicles has become even more important to lessening charge-offs and bolstering bottom lines. To help recover these vehicles, Toyota Financial Services recently ... [Read More]
TransUnion: Annual Auto Loan Delinquencies Continue Climb
Tuesday, Sep. 1, 2009, 12:00 AM
Nick Zulovich
CHICAGO — TransUnion.com discovered that the national 60-day auto delinquency rate declined between the first and second quarter from 0.83 percent to 0.73 percent. However, the annual delinquency rate was another story. The company reported that the annual rate climbed 7.35 ... [Read More]
BMW Financial Teams Up with Chordiant to Improve Collections
Tuesday, Sep. 1, 2009, 12:00 AM
Nick Zulovich
CUPERTINO, Calif. — In tough economic times, customers can get behind or become unable to make payments. Walking the line between getting the customer current and keeping him willing to pay and hurting the relationship can be tricky. With Chordiant Software's ... [Read More]
RouteOne Completes Westlake Integration
Tuesday, Sep. 1, 2009, 12:00 AM
Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne recently announced that it has completed integration with California-based Westlake Financial Services. Westlake funds contracts through a network of more than 5,000 new and used dealerships throughout the United States. It is the financial services arm ... [Read More]
Louisiana-Based Credit Union Partners with AppOne
Thursday, Aug. 27, 2009, 12:00 AM
Nick Zulovich
BATON ROUGE, La. — Wolters Kluwer Financial Services has gained another partner that will use its AppOne platform to provide indirect lending, credit approval and compliance processes to lenders and dealerships. The new partner is ASI Federal Credit Union, one of ... [Read More]
CNW: Average FICO Dips, More Women Turn to Plastic for Down Payments
Thursday, Aug. 27, 2009, 12:00 AM
Nick Zulovich
BANDON, Ore. — CNW Research discovered that as banks, captives, credit unions and others tried to leverage the Cash for Clunkers, they allowed average FICO scores to dip. More specifically, the average FICO score, including cash, finance and lease customers, came ... [Read More]
Repossessions: What’s the Alternative?
Thursday, Aug. 27, 2009, 12:00 AM
Nick Zulovich
SARASOTA, Fla. — In this difficult economy, more and more customers are struggling to make their buy-here, pay-here car payments. Repossessions are occurring at record levels as customers are simply surrendering their vehicles and walking away from the balance on their ... [Read More]