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Rooney Joins Hudco as Partner in DC Office

Rooney Joins Hudco as Partner in DC Office

Mark E. Rooney, an attorney whose practice focuses on consumer litigation defense and government investigations in the financial services industry, has joined the Washington, D.C., office of Hudson Cook LLP.

September 9, 2019

Prime Buyers Flock to Used Vehicles in Q2 Report

Prime Buyers Flock to Used Vehicles in Q2 Report

Experian’s Q2 auto finance report consumers continue to uncover ways to manage monthly payments. For a record percentage of prime borrowers, that meant passing on a $32,000-plus new-vehicle loan in favor of a pre-owned unit.

September 5, 2019

Truck and SUV Lease Prices Fall as New Models Loom
Ally: Soaring Costs Make Case for Service Contracts
Feds: Fake FinCo Scored 80 Auto Loans Worth $1.7M

Feds: Fake FinCo Scored 80 Auto Loans Worth $1.7M

Six operators of a nonexistent auto finance company have been sentenced to federal prison or probation for fraudulently obtaining $1.7 million worth of loans from banks and credit unions.

August 22, 2019

SMART Payment Plan Adds 30 New Markets
Lease Swap Approval Rates Rise to 69.1% in July
JDP: Frontline Finance Reps Key to Dealer Relations

JDP: Frontline Finance Reps Key to Dealer Relations

J.D. Power’s latest U.S. Dealer Financing Satisfaction Study finds knowledgeable and empowered bank and finance company personnel are critical to building successful relationships with dealers and F&I professionals.

August 14, 2019

OnlineBKmanager Adds Full-Service Mailing Option
Experian Teams With Oliver Wyman to Launch CECL Forecaster
Survey: Finance Execs Want More AI

Survey: Finance Execs Want More AI

Nearly 80% of C-suite finance executives expressed a growing need for artificial intelligence-driven auto loan processing procedures in a survey conducted by Inovatec.

August 6, 2019

New-Vehicle Interest Rates Fall to 5.8%

New-Vehicle Interest Rates Fall to 5.8%

The average interest rate for a U.S. new-vehicle loan fell below 6% for the first time all year as automakers and dealers extended model-year selldown promotions.

August 2, 2019

PowerBand Acquires Tesla’s Leasing Partner

PowerBand Acquires Tesla’s Leasing Partner

PowerBand Solutions is set to purchase 60% of the parent company of MUSA Auto Finance, a move designed to give PBX a competitive edge in acquisition, leasing, lending, and auction services.

July 31, 2019

Nissan Leads July Lease Deals, Discounts

Nissan Leads July Lease Deals, Discounts

Wantalease.com reports moves made by an ‘aggressive’ Nissan highlighted the month in auto leasing, maintaining an industry-low price for the Sentra and offering big discounts on the Titan and Pathfinder.

July 30, 2019

PassTime and masterQueue Form Strategic Partnership