NEW YORK — Apparently, U.S. auto manufacturer health and the performance of auto asset-backed securities continue to cause investor concerns that extend beyond the Big 3 automakers and their captive finance subsidiaries, Fitch Ratings recently reported. Under concern is "virtually all ... [Read More]

WASHINGTON, D.C. — The average interest rate on new-car loans at auto finance companies plummeted from 5.49 percent in June to 3.31 percent in July, according to the latest consumer credit data from the Federal Reserve. The average interest rate is ... [Read More]

FARMINGTON HILLS, Mich. — RouteOne recently announced the addition of two new lenders to its platform. It has completed integration with Liberal Finance Service, a New Jersey-based subprime auto lender, via the Loan Origination System provided by XpressCredit. Liberal Finance specializes ... [Read More]

RANCHO SANTA MARGARITA, Calif. — Finance Express recently reported that OAG Indirect has entered an agreement to join its Web-based Dealer Management System. OAG Indirect offers retail financing through a network of Credit Unions in 48 of the United States. In ... [Read More]

HANOVER, Md. — For the first time, the National Auto Finance Association's Non-Prime Auto Financing Survey featured metrics by FICO score, loan-to-value and term. Along with the usual annual statistics such as delinquencies and charge-offs, the report also analyzed new information ... [Read More]

AUBURN HILLS, Mich. — In Chrysler's August sales report, the company said that while sales are down 34 percent from last year, they are up 12 percent over July thanks to enhanced financing offers, efforts to shift lease-oriented customers to purchasing and ... [Read More]

WOODCLIFF LAKE, N.J. — The president of BMW of North America said Wednesday that the company strongly believes in continuing to offer leasing for its customers; however, he indicated that the company did shift APRs on purchases to drive a better ... [Read More]

ALEXANDRIA, Va. — Looking specifically at August, the American Bankruptcy Institute reported that U.S. consumer bankruptcy filings increased 29.2 percent from the same period a year ago. The overall August consumer filing total of 96,413 also set a single month high ... [Read More]

I've often said that one of the most difficult jobs at CenterOne Financial Services is that of a collector, working with financially challenged customers all day, every day. And although the job is difficult, it doesn't have to be complex. ... [Read More]

ARLINGTON, Va. — The Consumer Bankers Association's Fair Lending Conference offers timely content and has the ability to attract speakers with insight on the issues. This year's event will be held Nov. 5-7 at the Ritz Carlton Pentagon City in Arlington, ... [Read More]