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
DealerTrack Shares 1Q Challenges, Revises 2009 Full-Year Guidance
Tuesday, May. 12, 2009, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — Even though the company recorded a net loss in a difficult auto environment during the first quarter, DealerTrack officials said they anticipate that the company's overall 2009 earnings performance will be better than initially expected. More specifically, ... [Read More]
GMAC Says it Will Boost Tier 1 Capital
Tuesday, May. 12, 2009, 12:00 AM
Nick Zulovich
NEW YORK — On Monday, GMAC Financial Services confirmed capital requirements resulting from the Federal Reserve's Supervisory Capital Assessment Program. Basically, as part of this program, GMAC said by Nov. 9, it plans to increase the common shareholder equity component of ... [Read More]
Hudson: Consumer Credit Fairness Act Could Hurt Industry
Tuesday, May. 12, 2009, 12:00 AM
Nick Zulovich
HANOVER, Md. — A bill currently being considered by the U.S. Senate Judiciary Committee could prove to be harmful for subprime auto financing and for used-vehicle dealers, and the industry should be aware of its potentially "dangerous" impact, according to Tom Hudson, an attorney ... [Read More]
XpressCredit Partners with East Coast Funding
Tuesday, May. 12, 2009, 12:00 AM
Nick Zulovich
SYRACUSE, N.Y. — XpressCredit announced recently that it has formed a partnership with East Coast Funding Group, an auto lender based out of Great Neck, N.Y. As part of their relationship, East Coast Funding can utilize XpressCredit's patent-pending technology — including the ... [Read More]
FTC Delays Red Flag Rule Enforcement
Thursday, May. 7, 2009, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — The Federal Trade Commission recently announced it will the delay enforcement of the new Red Flags Rule until Aug. 1 to give creditors and financial institutions more time to develop and implement written identity theft prevention programs. This ... [Read More]
Fed Banking Supervisors Offer Update on Capital Assessment of 19 Bank Holding Companies
Thursday, May. 7, 2009, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — During this period of extraordinary economic uncertainty, the U.S. federal banking supervisors believe it to be important for the largest U.S. bank holding companies to have a capital buffer sufficient to withstand losses and sustain lending even in ... [Read More]
MyAutoloan.com Witnesses Increased Consumer Demand
Thursday, May. 7, 2009, 12:00 AM
Nick Zulovich
IRVING, Texas — MyAutoloan.com, an online auto loan finance company, recently reported that it has seen a significant increase in customer auto loan applications for the first quarter of 2009 and continuing into the second quarter. MyAutoloan.com, which is an online ... [Read More]
VeriFacts, Triad Financial Team Up to Ramp Up Services
Thursday, May. 7, 2009, 12:00 AM
Nick Zulovich
NORTH RICHLAND HILLS, Texas — VeriFacts Inc., a leading provider of skip trace solutions, and Triad Financial recently announced their partnership to offer a one-stop shop of services. In combination with VeriFacts POEExtreme package, the new menu includes: —Debtor and asset ... [Read More]
GMAC Extends Curtailment Waiver for Dealers, Now Accepting Non-Franchise Wholesaling Applications
Tuesday, May. 5, 2009, 12:00 AM
Nick Zulovich
NEW YORK — GMAC executives said the company is continuing to demonstrate its support of automotive dealers by announcing additional actions, including extending the curtailment waiver for the month of May and accepting new applications for wholesale financing from qualified U.S. ... [Read More]
Bankruptcies Continue Double-Digit Year-Over-Year Climb
Tuesday, May. 5, 2009, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — U.S. consumer bankruptcy filings again climbed by double digits in April, jumping a total of 36 percent from a year ago, according to the American Bankruptcy Institute, which relies on data from the National Bankruptcy Research Center. The ... [Read More]