This week, the American Financial Services Association followed up on its letter to New Hampshire Banking Commission with a petition to state officials asking for a delay of major restructuring of documents associated with the financing and retailing of vehicles ... [Read More]

Millennium Capital and Recovery Corp. named its new chief operating officer on Wednesday, selecting former Bank of America senior vice president Don Gordon for the role. The provider of nationwide asset recovery management, skip-tracing and remarketing said Gordon will lead ... [Read More]

In June, the Consumer Financial Protection Bureau shared seven initial findings from its Auto Finance Data Pilot, deployed in February 2023. A trio of consumer advocates believe the CFPB’s work on this project is far from complete. Those organizations recently ... [Read More]

Open Lending Corp. shared more research on Tuesday reinforcing the affordability dilemma many consumers are facing when securing reliable transportation, especially individuals who fall in the near- and non-prime credit tiers. Using AutoCreditInsight data, Open Lending compiled another Near- and ... [Read More]

Share a conversation with an executive who has been in subprime auto finance for a decade or two and likely the professional will say, “Yes, I’ve seen that before,” at some point during the exchange. The latest research of managed ... [Read More]

Separate studies recently released by WalletHub and The Stock Dork compiled lists of cities where auto finance delinquencies are increasing and decreasing the most, as well as states where consumers struggle with personal finances the most. To assemble its analysis ... [Read More]

AutoPayPlus expanded its sales team this week, adding Averi Tucker as agency development manager. A child of the industry, AutoPayPlus highlighted Tucker grew up in her father’s dealership, giving her a deep-rooted understanding of the automotive world. Taking on many ... [Read More]

Twice during a nine-minute video presentation this week, Cox Automotive chief economist Jonathan Smoke suggested auctions, dealerships, finance companies and other operations involved with cars nowadays should “buckle up.” Especially considering the soft metrics coming from the labor market, with ... [Read More]

About a month after rolling out a financing program tailored for work trucks, FinBe USA announced the hiring of a new chief risk officer on Wednesday. Through a post on LinkedIn, FinBe USA welcomed Raghu Venkat, who is bringing more ... [Read More]

KPA on Tuesday launched a new guided solution for advertising, sales and finance (ASF) compliance, designed specifically for dealerships navigating changing regulations. KPA said this combination of software and consulting services provides an end-to-end solution to lower business risk, avoid ... [Read More]