In a move that became effective on the first day of 2022, Hudson Cook promoted two of its attorneys to equity partners of the firm that serves dealerships and finance companies. According to a news release, the firm’s two newest ... [Read More]

Monthly payments for both used- and new-vehicle financing is projected to break records, according to data gathered and tracked by Edmunds. [Read More]

Scores of consumers now are leveraging Buy Now, Pay Later (BNPL) offerings by some retailers. To help auto finance companies evaluate applicants who might have BNPL commitments during the underwriting process, Equifax recently announced that the company is furthering its ... [Read More]

The first business day of 2022 included an acquisition involving two firms focused on getting payments for their automotive clients as well as customers in other industries. Repay Holdings Corp. (REPAY), a provider of vertically-integrated payment solutions, on Monday announced ... [Read More]

National Auto Care (NAC) made one more acquisition before closing out 2021. Capping a string of moves throughout the year, NAC senior vice president of mergers and acquisitions Courtney Hoffman announced that the company — which provides  F&I products, administration, ... [Read More]

Experts from Kroll Bond Rating Agency (KBRA), S&P Dow Jones Indices and Experian all noticed some deterioration in auto finance performance before 2021 finished. Released four days before Christmas, data through November for the S&P/Experian Consumer Credit Default Indices showed ... [Read More]

John Stephens is bringing more than 30 years of automotive experience to AutoPayPlus by US Equity Advantage. The biweekly payment processing provider announced this week that Stephens has joined the company as chief sales officer. Most recently, Stephens served as ... [Read More]

Cox Automotive chief economist Jonathan Smoke again offered context about the potential influence on auto financing that the Federal Reserve last policy action of the year might have. On Wednesday, the Federal Open Market Committee decided unanimously to keep the ... [Read More]

American Financial Services Association senior vice president Celia Winslow appeared on this episode of the Auto Remarketing Podcast to discuss what the Consumer Financial Protection Bureau reported when the regulator examined subprime auto financing earlier this year. Winslow also shared ... [Read More]

One of the closest observers of the auto securitization market now has new ownership after forming in the wake of the global financial crisis. Kroll Bond Rating Agency (KBRA) announced on Tuesday that it has entered a deal with growth-oriented ... [Read More]