Mergers and acquisitions continue to permeate the entire automotive industry. Tuesday’s public development involved the GPS and risk mitigation spaces. Advantage GPS announced the acquisition of Michigan-based Asset Tracking Technology, a distributor of GPS tracking devices for finance companies, buy-here, ... [Read More]

Oftentimes when a federal regulator charges after a subprime auto finance company, it’s the Consumer Financial Protection Bureau or the Federal Trade Commission doing the investigations and handing out enforcement actions. Last week, it was the Securities and Exchange Commission ... [Read More]

As consumers repair their credit profiles, many individuals are looking to improve the terms of their retail installment contract for their vehicle. RateGenius is looking to help those particular people and other contract holders looking to see if they can ... [Read More]

Automatic is trying to modernize what the fintech startup is calling an “outdated, fragmented independent dealer financing ecosystem.” And it’s leveraging an equity crowdfunding campaign to continue on its path. On Friday, Automatic announced the effort to generate resources for ... [Read More]

Auto defaults are slowly ticking up again, and the seeds for more might be germinating, too, as shown by the data assembled and shared by Cox Automotive, Equifax, Experian and S&P. [Read More]

Santander Consumer USA is set to become a private company. And the provider will do so with a new head of operations. According to a news release distributed on Wednesday, Santander named Marc Womack as head of operations in a ... [Read More]

Two firms that look to offer critical information to help potential vehicle buyers navigate the path toward financing now are working together. Officials from 700Credit — a leading provider of credit reports, compliance solutions and soft pull products — recently ... [Read More]

Debexpert chief executive officer Ivan Korotaev has run financial services companies with presences throughout Europe and southeast Asia. Korotaev then saw potential success for an online auction of the sale of bad debts here in the United States. Debexpert not ... [Read More]

The word choices Kroll Bond Rating Agency (KBRA) used to describe its latest auto-finance indexes might be reassuring to executive and managers even if their collections are deteriorating. KBRA reported on Monday that August remittance reports showed softening credit performance ... [Read More]

Experts at Cox Automotive, the National Association of Federally-Insured Credit Unions (NAFCU) and S&P Global Ratings all tried to make sense of recent trends such as retail sales, unemployment, the pandemic and more. [Read More]