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NewsOctober 14, 2009

Forza Ducati Financing Program Ends Oct. 31

Ducati and FreedomRoad Financial announced a “last call” for the FORZA DUCATI financing program, which ends October 31.

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NewsOctober 13, 2009

NADA Opposes Proposed Financial Protection Agency

Rep. Barney Frank’s attempt to exclude auto dealers from regulation by a proposed consumer-financial protection agency isn’t good enough, the National Automobile Dealers Association (NADA) said.

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NewsOctober 8, 2009

Cash for Clunkers Impact Seen in Federal Reserve Report

Evidence of the Cash for Clunkers (C4C) program’s impact on consumer credit were revealed in the Federal Reserve’s August report, which showed marked declines in loan-to-value ratios and the amount financed.

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NewsOctober 6, 2009

Westlake Remarketing Unveils “Buy With Confidence Gold Program”

Westlake Financial Services’ remarketing department launches its new “Buy With Confidence Gold” program. The program will spotlight the company’s best inventory, featuring late-model vehicles with less than 80,000 miles and no frame damage.

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NewsOctober 6, 2009

Meritrust Credit Union Joins Wolters Kluwer Loan Platform

Meritrust Credit Union, the largest Kansas-based credit union, is expanding its relationship with Wolters Kluwer Financial Services by joining the company’s AppOne platform.

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NewsOctober 6, 2009

FICO Forms Licensing Agreement with MicroBilt

FICO struck a licensing agreement with MicroBilt Corporation, giving the provider of risk management information and services rights to use FICO’s scoring model to calculate and sell FICO Expansion scores to lenders and businesses that grant credit.

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NewsOctober 2, 2009

Auto Financial Group Partners With United Federal Credit Union

United Federal Credit Union (UFCU) will now offer Auto Financial Group (AFG)’s DrivingSense as an indirect lending option as part of a recent agreement with the provider of residual-based financing products for credit unions.

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NewsOctober 1, 2009

Marine and RV Delinquencies Rise in 2Q

Marine and recreational vehicle loan delinquencies increased in the second quarter, following another record rate of consumer delinquencies in three other key loan categories, according to the American Bankers Association (ABA)'s Consumer Credit Delinquency Bulletin.

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NewsOctober 1, 2009

Auto Loan Delinquencies Drop in 2Q

Auto loan delinquencies improved in the second quarter despite another record rate of consumer delinquencies in three other key loan categories, according to the American Bankers Association (ABA)'s Consumer Credit Delinquency Bulletin.

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NewsOctober 1, 2009

NACM Sees Marked Improvement in Credit Performance

While there’s been some signs of improvement in credit availability and retail sales, there’s been little positive news regarding payment on debt and the number of accounts placed for collections. That changed in September for the first time since the economy started to seriously bottom out, according to the National Association of Credit Management (NACM)’s Credit Managers’ Index (CMI).

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