With director Rohit Chopra firmly in place, the Consumer Financial Protection Bureau also has filled several high-profile regulatory positions, including the agency’s assistant director for the office of supervision policy and assistant director for the office of enforcement. Those two ... [Read More]

Dealers who are itching to grow their business now might be able to secure more affordable resources from Westlake Capital Finance (WCF). The Westlake Technology Holdings subsidiary announced last week that qualified dealers can be approved for new commercial real ... [Read More]

Not surprising to economic experts, the Federal Reserve stood pat on current policy associated with interest rates. However, Cox Automotive chief economist Jonathan Smoke pointed out one metric that might have an even more pronounced impact on auto financing than ... [Read More]

After TransUnion released its Q3 2021 Quarterly Credit Industry Insights Report (CIIR), Satyan Merchant made a return appearance on the Auto Remarketing Podcast. The senior vice president and automotive business leader at TransUnion not only delved deeper into the third-quarter ... [Read More]

Kroll Bond Rating Agency (KBRA) weighed in on another element to the completion of Stellantis’ acquisition of First Investors Financial Services Group that created a new captive finance company for the automaker. While First Investors has been renamed Stellantis Financial ... [Read More]

Finance company executives and managers know the impact from rising vehicle prices has to come to roost somewhere. TransUnion’s Q3 2021 Quarterly Credit Industry Insights Report (CIIR) offered some interesting data to illustrate the point. The average amount financed per ... [Read More]

First Investors Financial Services Group now officially is a captive finance company. Stellantis announced late on Monday that it completed the acquisition of the company that previously specialized in subprime auto financing. As a result of the transaction first revealed ... [Read More]

Resolvion began a new month by announcing a variety of high-level executive moves on Monday. The provider of repossession management, skip-tracing, heavy equipment recovery, remarketing, license plate recognition and specialty recovery said the strategic leadership changes involve: — Scott Darling, ... [Read More]

Westlake Financial Services is continuing to diversify its portfolio but leveraging a lending strategy that’s gained industry traction this year. Along with originating indirect auto financing, this week Westlake launched what it’s calling, Cash Now Pay Later. The company said ... [Read More]

Experian is looking to help finance companies complete one of the most important parts of underwriting — verification of income and employment status. This week, Experian introduced new verification capabilities that can connect finance companies to more than 120 million ... [Read More]