News Archive
What CFPB Bulletin Might Mean for Dealer Reserve and More -- March 22, 2013
WASHINGTON, D.C. — Legal experts and industry associations weighed
in as the Consumer Financial Protection Bureau released a bulletin Thursday
that targeted dealer reserve and potential discriminatory practices. Tom Hudson told SubPrime Auto Finance News that he expected
to see ...
[ Full Story ]
AFSA, CBA, NAFCU Unsettled Over Bureau's Auto Finance Bulletin -- March 22, 2013
WASHINGTON, D.C. — As dealer associations reacted swiftly to
the Consumer Financial Protection Bureau's latest position on auto financing,
organizations representing banking and financial institutions as well as credit unions all saw problems in
the guidance, too. American Financial Services Association president and chief
executive Chris Stinebert shared several concerns about ...
[ Full Story ]
AutoStar Chooses NCM 20 Groups for New BHPH Dealer Network -- March 22, 2013
OVERLAND PARK, Kan. — NCM Associates announced Thursday it
is working collaboratively with automotive dealership technology provider
AutoStar Solutions to form exclusive AutoStar 20 Groups for its buy-here, pay-here
management software users. To kick off the effort, NCM will host [ Full Story ]
CU Direct, First Associates Partner for Loan Servicing Solution -- March 22, 2013
ONTARIO, Calif. — CU Direct recently signed a new
partnership agreement with First Associates Loan Servicing for what officials
called "a best in class" loan servicing solution for credit unions. As a result of the partnership, the companies highlighted the
new solution will cover ...
[ Full Story ]
S&P/Experian: February Auto Loan Default Rates Edge Slightly Higher, Still Below Year-Ago Levels -- March 20, 2013
NEW YORK — Auto loan default rates moved up marginally in
February compared to the previous month, but readings according to S&P Dow
Jones Indices and Experian still fell below year-ago levels. The February auto loan default rate came in at 1.11 percent,
up just slightly from January's level of ...
[ Full Story ]
Senate Committee Votes to Approve Cordray Confirmation but Party-Line Division Remains -- March 20, 2013
WASHINGTON, D.C. — Confirmation to keep the director of the
Consumer Financial Protection Bureau at his post took a step forward Tuesday by
a narrow margin. Along the way, opposition reiterated its stance to how the
regulatory agency is organized. Members of the U.S. Senate Banking Committee voted Tuesday
to ... [ Full Story ]