Another initiative to help finance companies cater to consumers with little or no credit backgrounds recently surfaced; this time from Experian. In what the company said is meant to further financial inclusion across the United States, Experian launched what it ... [Read More]

A Florida-based group that owns and operates five franchised stores in the Sunshine State as well as Georgia and South Carolina is the first dealer group in the U.S. to work with Grow Credit, which is a financial inclusion platform ... [Read More]

The Consumer Financial Protection Bureau (CFPB) launched an initiative on Wednesday in connection with what the federal regulator called “exploitative junk fees” charged by banks and financial companies. The CFPB said through a news release that it’s making this request ... [Read More]

VisionMenu welcomed a new chief operating officer this week. Taking on the position for the F&I software provider is Steven Meeker, who arrives as VisionMenu said it’s experiencing rapid growth that prompted the expansion of its executive team to meet ... [Read More]

CreditMiner and TransUnion are working together in an attempt to keep fraud from infecting dealerships. The companies announced a new partnership this week that enables them to offer the automotive industry cutting-edge fraud prevention technologies via their API capabilities. CreditMiner ... [Read More]

American Recovery Association president Dave Kennedy directly opened a message to repossession agents, finance companies, forwarders and other service providers by saying: “This year is going to be another year of turbulence in our industry.” While auto defaults have risen ... [Read More]

RateGenius shared how much consumers saved when refinancing their vehicle’s retail installment sales contract in 2020. According to the firm’s report based on activities through its network of more than 150 finance companies nationwide, RateGenius said Americans saved an average ... [Read More]

In his first appearance of the year on the Auto Remarketing Podcast, StoneEagle F&I senior vice president of business development Joe St. John acknowledged how enticing it would be to run a dealership again because of the F&I performances many ... [Read More]

More evidence that consumers maintaining their monthly payments for their vehicles is continuing to wobble arrived this week from Kroll Bond Rating Agency (KBRA). In its latest analysis looking at the automotive securitization market, KBRA found that December remittance reports ... [Read More]

Clashes involving repossession agents, forwarders and finance companies recently brought Jeremiah Wheeler of DRN | MVTRAC into the mix. When agents stopped scanning license plates as a way to create industry attention about repossession fees, the move left Wheeler with ... [Read More]