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
ABA: Direct Auto Loan Delinquencies Jump a Percentage Point
Tuesday, Jul. 7, 2009, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — While indirect auto loan delinquencies showed some improvement in the first quarter, direct auto loan delinquencies were another story, according to the American Bankers Association. On the positive side, the ABA announced today that indirect delinquencies dropped slightly ... [Read More]
BHPH Dealers Discuss Best Practices, Alternatives to Repossession
Thursday, Jul. 2, 2009, 12:00 AM
Nick Zulovich
ORLANDO, Fla. — As an eroding economy impacts businesses and car shoppers across the board, many buy-here, pay-here dealers are often faced with the challenge of customers not being able to make their payments. But many times, there are alternatives ... [Read More]
SBA Kicks Off Floor Plan Program for Dealers
Thursday, Jul. 2, 2009, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — Starting on Wednesday, auto, RV and other dealerships could start applying for Small Business Administration-guaranteed dealer floor plan financing, which can make it easier for these small businesses to borrow against their inventory and increase their cash flow. ... [Read More]
TransUnion Launches New Tools for Dealers, Lenders
Thursday, Jul. 2, 2009, 12:00 AM
Nick Zulovich
CHICAGO — In response to auto-loan delinquencies growing by more than 27 percent over the last year, TransUnion has launched new tools to help dealers and lenders better analyze consumers. To assist the industry in today's dynamic economic climate, TransUnion introduced the availability of ... [Read More]
NVCP Partners with Driveway Financial to Bring More Lenders to Dealers
Thursday, Jul. 2, 2009, 12:00 AM
Nick Zulovich
COLLEYVILLE, Texas — The National Vehicle Certification Program Group announced it has partnered with Driveway Financial Services to bring additional lenders to independent and franchised dealers currently certifying vehicles through its program. The NVCP certified pre-owned program includes a physical inspection, ... [Read More]
Hyundai Adds New Perk to Assurance Program
Tuesday, Jun. 30, 2009, 12:00 AM
Nick Zulovich
FOUNTAIN VALLEY, Calif. — In an effort to drive sales by enticing buyers, Hyundai announced it has added to its Assurance program by now guaranteeing a year's worth of gas at $1.49 per gallon. Basically, as gas prices typically grow over ... [Read More]
GMAC Says Some Chrysler Dealers Not Meeting Credit Requirements for Long-Term Wholesaling
Tuesday, Jun. 30, 2009, 12:00 AM
Nick Zulovich
DETROIT — As many are aware, GMAC recently struck a deal to help Chrysler dealers; however, some these dealers are being left out in the cold because they do not meet credit requirements. GMAC confirmed late last week that not all Chrysler dealers ... [Read More]
CAR Financial Names New Territory Manager
Tuesday, Jun. 30, 2009, 12:00 AM
Nick Zulovich
ATLANTA — CAR Financial Services recently announced the addition of a new executive in the role of territory manager. Taking on this position is Ted Plummer, who rejoined the CAR Financial sales team on June 23. In the role of territory ... [Read More]
DealerTrack Hits New Milestone for In-Network Financing Sources
Tuesday, Jun. 30, 2009, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack announced on Monday that the number of active financing sources connected to its network has now reached 750. "Our achievement of this historic milestone for the DealerTrack network underscores our commitment to helping dealers succeed in ... [Read More]
Wells Fargo Provides Revolving Credit Facility to CarBiz
Thursday, Jun. 25, 2009, 12:00 AM
Nick Zulovich
DES MOINES, Iowa — Wells Fargo Preferred Capital announced it recently provided a revolving credit facility to CarBiz. The amount of the facility is $20 million. CarBiz operates 25 buy-here, pay-here dealer locations throughout the U.S. "We are fortunate to partner ... [Read More]