Latest News
Santander Finalizes Deal to Purchase Remainder of HSBC Auto Loan Portfolio -- September 02, 2010
DALLAS — Spain's Banco Santander has apparently finalized a deal to purchase the remainder of HSBC's portfolio of auto loans for about $4 billion. The bank filed this disclosure with Spain regulators, saying Santander Consumer USA will service the portfolio. Basically, in March, Santander Consumer agreed to ... [ Full Story ]
NABD Realigns Collection, Underwriting Conference to Better Serve Dealers -- September 02, 2010
HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers recently announced a revamped format and new location for its fourth annual Underwriting and Collections Conference. This year's three-day event will offer ... [ Full Story ]
ABI: Bankruptcy Filings Drop Month-Over-Month, but Remain Higher than Last Year -- September 02, 2010
ALEXANDRIA, Va. — Month-over-month and year-over-year comparisons showed the August consumer bankruptcy total is trending two ways. The American Bankruptcy Institute reported this week that August bankruptcy filings ... [ Full Story ]
Credit Union Unveils Additional APR Reduction on Green Vehicles -- September 02, 2010
BEAVERTON, Ore. — First Tech Credit Union is offering an additional discount through a federal agency program to give members an APR reduction if they buy certain emission- or fuel-friendly vehicles. The Environmental Protection Agency's ... [ Full Story ]
Experian: We're Seeing a Turnaround in Auto Loan Delinquencies -- August 31, 2010
SCHAUMBURG, Ill. — Enthusiasm from Experian Automotive's Melinda Zabritski picked up considerably during her recent Webinar when it was time to discuss the second-quarter amount of vehicle loans with a 30-day or 60-day delinquencies. "This is very good news that we're happy to present," Zabritski began as she revealed ... [ Full Story ]
Fitch Expects Auto Loan ABS Delinquencies & Losses to Climb Through 3Q -- August 31, 2010
NEW YORK — According to Fitch Ratings, the performance of U.S. auto loan asset-backed securities is starting to show negative trends, which the company said ... [ Full Story ]