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Digital•by Staff•February 24, 2015

US Equity Advantage Integrates With VisionMenu’s Selling Platform

US Equity Advantage, a provider of biweekly payment programs, has integrated with VisionMenu Inc.’s software-selling platform.

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Auto Finance•by Brittany-Marie Swanson•February 24, 2015

CPS CEO: Finance Source Ahead of the Compliance Curve

Consumer Portfolio Services CEO Charles Bradley laid out the lender’s compliance efforts during a quarterly earnings call last week. The finance source’s subprime lending activities are currently being investigated by Department of Justice.

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Digital•by Staff•February 24, 2015

Service Payment Plan Integrates With F&I Express' eContracting Platform

Service Payment Plan's dealers will not be able to erate, econtract and eregister all of the company’s payment plan contracts.

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F&I•by Staff•February 23, 2015

J.D. Power Projects Best February Sales in 13 Years

Total light-vehicle retail sales are expected to reach 1.3 million units in February, the highest total for the month since 2002, according to projections from J.D. Power and LMC Automotive.

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Auto Finance•by Gregory Arroyo•February 19, 2015

Five Trade Groups Urge CFPB to Fix ‘Flaws’ in Fair Lending Enforcement

A coalition of five trade groups representing the nation’s largest auto finance sources urged the CFPB to review and respond publicly to a study that questions its methodology for measuring disparities in dealer reserve.

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Compliance•by Staff•February 19, 2015

Dealer Hit By International Smuggling Operation

U.S. Custom officials seized a vehicle from a freighter bound for Africa after a Louisiana dealership reported that the credit cards used to purchase the car online were declined.

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Auto Finance•by Staff•February 19, 2015

Experian: Total Outstanding Auto Loan Balance Hits All-Time High

The total outstanding balance on open automotive loans hit $886 billion in the fourth quarter of 2014, but subprime and deep subprime market share remained at low levels.

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Showroom•by Staff•February 18, 2015

CPO Sales Reach Record High in 2014

Sales of certified pre-owned vehicles hit an all-time high of 2.3 million units sold in 2014, according to the latest Used Vehicle Market Report from Edmunds.com.

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Auto Finance•by Staff•February 18, 2015

Equifax Refutes ‘Subprime Bubble’ in New Report

A new analysis by Equifax economists shows the median consumer credit score increased by 52 points after taking out a subprime auto loan.

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Auto Finance•by Staff•February 18, 2015

Autobytel Invests in GoMoto’s Car-Shopping HUBs

Autobytel has made a strategic investment in GoMoto’s cloud-based HUB, a large touchscreen display that allows showroom customers to browse new- and used-car inventory, research, build and price vehicles.

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