Revamped JD Power Consumer Financing Satisfaction Study focuses on ‘financially vulnerable’
Thursday, Nov. 14, 2024, 10:00 AM
Credit availability eases again in October
Wednesday, Nov. 13, 2024, 11:14 AM
More insight from Equifax & TransUnion about Q3 delinquency
Wednesday, Nov. 13, 2024, 02:39 PM
AppOne Offers Overview of 2006 Growth
Thursday, Mar. 22, 2007, 12:00 AM
Nick Zulovich
BATON ROUGE, La. — AppOne recently reported on its growth that occurred during 2006, saying it focused on increasing participation in its dealer and lender networks and continued the national rollout of its products and services. An overview of the company's ... [Read More]
PassTime USA Launches Elite
Thursday, Mar. 22, 2007, 12:00 AM
Nick Zulovich
LITTLETON, Colo. — PassTime USA announced it has launched an Elite product with the help of its partner, Wavecom. The updated program uses a global system for mobile communications technology to offer wireless and GPS-based functions for its dealer and lender ... [Read More]
ABA: Direct, Indirect Auto Loan Delinquencies Up Slightly
Thursday, Mar. 15, 2007, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — Late payments for most consumer loans rose in the third quarter of 2006, according to the American Bankers Association's Consumer Credit Delinquency Bulletin. In the auto industry, direct auto loan delinquencies increased to 1.87 from 1.72 percent and ... [Read More]
Flex Fund Launches Flexible Trade-Ins, More
Thursday, Mar. 15, 2007, 12:00 AM
Nick Zulovich
YORBA LINDA, Calif. — Flex Fund Financial Services LLC recently introduced Flexible Trade-Ins to finance dealers' trade-in vehicle transactions that involve outstanding loan balances, according to officials. Dealers have the opportunity to use the new program to immediately pay-off loan balances ... [Read More]
MAFS Introduces New Marketing Initiative
Thursday, Mar. 15, 2007, 12:00 AM
Nick Zulovich
ATLANTA — Taking advantage of the recent President's Day, Manheim Automotive Financial Services rolled out a new marketing initiative throughout the company's auctions that features larger-than-life replicas of past presidents. MAFS officials said this is the first national advertising campaign the ... [Read More]
Finance Express Responds to DealerTrack Lawsuits
Thursday, Mar. 15, 2007, 12:00 AM
Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express reported that it responded to DealerTrack's lawsuits by filing counterclaims, which are pending in the court system. The legal battle concerns the property rights over computer-implemented credit application routing systems and methods of ... [Read More]
Top Financial Execs To Share Knowledge at iRemarketing 2.0
Thursday, Mar. 8, 2007, 12:00 AM
Nick Zulovich
CARY, N.C. — Remarketing executives from the nation's top banks and financial institutions are among some of the industry leaders to sign on to actively take part in the upcoming iRemarketing 2.0: The Next Generation of Remarketing Technology Conference. The executives ... [Read More]
Regional Lenders Can Be Just as Important as National
Thursday, Mar. 8, 2007, 12:00 AM
Nick Zulovich
MATTHEWS, N.C. — While many dealers may be more familiar with the national companies that support the subprime industry, the smaller, regional companies can be just as fruitful when it comes to getting that credit-challenged customer behind the wheel. Here's an ... [Read More]
Westlake Financial Names Newmark President
Thursday, Mar. 8, 2007, 12:00 AM
Nick Zulovich
LOS ANGELES, Calif. — Westlake Financial Services recently named Bruce Newmark as president. He succeeds James Vagim, who has served as Westlake's president since 1998. Prior to this new role, Newmark served as the company's chief operating officer, overseeing all aspects ... [Read More]
DealerTrack Gains New Patent, Sues Other Lender Platforms
Thursday, Mar. 8, 2007, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — Shortly after being awarded a U.S. patent related to its online credit application processing product, DealerTrack used the patent to file an additional patent infringement action against RouteOne and Finance Express in the U.S. District Court for ... [Read More]