BATON ROUGE, La. — AppOne, a part of Wolters Kluwer Financial Services, announced this week that Turner Acceptance Corp., a Chicago-based consumer finance company, has been added to its network of lenders. Through this new relationship, Turner Acceptance will offer ... [Read More]

BANDON, Ore. — According to Art Spinella, of CNW Research, the downfall in the housing market played a big role in the collapse of new-car sales, and he recently went into further detail about this trend. Basically, in his latest analysis ... [Read More]

WASHINGTON — The Federal Reserve recently released its latest consumer credit statistics and found that the average interest rate on an vehicle loan at auto finance companies is down, dropping slightly to 4.19 percent in March from 5.37 percent in February. ... [Read More]

PHILADELPHIA — Virginia-based Navy Federal Credit Union has selected VINtek as its title management provider for its auto lending business. "We selected VINtek as our title management provider because of the company's history of integrity, superior performance and commitment to ... [Read More]

ATLANTA — Navigation Capital Partners, a leading Atlanta-based middle market private equity firm, recently announced that O.G. Greene joined the firm as an operating partner and will serve on the board of Exeter Finance Corp., a non-prime auto finance company.  Greene ... [Read More]

HANOVER, Md. — In addition to releasing the names of speakers and sessions for the upcoming National Auto Finance Association's annual Non-Prime Auto Financing Conference, the executive director also announced that a new association will be forming in conjunction with the ... [Read More]

LONDON — In its May SEC filing, HSBC mostly discussed the challenges with its mortgage business and what it is doing to turn this segment around; however, it also mentioned the U.S. vehicle finance business, indicating this unit is being trimmed ... [Read More]

LOUISVILLE, Ky. — Military Assistance Co. announced that it completed the first major Web site update since its initial launch in the fall of 1999. According to officials, the primary objectives of this site revamp included improving user experience, enhancing operating ... [Read More]

DETROIT — According to Comerica Bank, consumers are likely reducing the average cost of vehicles by simply turning to smaller models. Dana Johnson, chief economist of Comerica Bank, pointed to this as a possible trend after the latest auto affordability ... [Read More]

ARLINGTON, Va. — Reflecting the current economic landscape, the Consumer Bankers Association's 2008 Automotive Finance Study found that delinquencies climbed 6 percent for new vehicles and 13 percent for used. While the study generally focuses more on the prime credit spectrum ... [Read More]