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Compliance was top of mind at the 2014 NADA Convention & Expo, with product vendors showing the way to a faster, more transparent process in the F&I office and throughout the sales process.
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The two firms have partnered on a new solution for dealers that is designed to resolve “stips” raised by their finance sources, allowing them to instantly verify income and employment information.
Read More →Equifax reached a record level of verifications, processing more than 34 million instant income and employment verifications this year.
Read More →Equifax’s Advanced Decisioning Attributes is a set of analytical building blocks intended to make predictive underwriting decisions for finance sources.
Read More →The balance of auto loans in August increased 9.7 percent from last year, rising from $760.8 billion to $834.4 billion, according to Equifax’s National Consumer Credit Trends Report.
Read More →Auto loan originations totaled more than $196 billion in May 2013, representing more than half of all new non-mortgage consumer credit originated in 2013, according to a new report from Equifax.
Read More →Finance sources using the new Equifax Dimensions can see up to two years of detailed consumer credit activity, allowing them to make more precise and profitable lending decisions.
Read More →Equifax's latest report on national consumer credit trends finds that delinquency rates for auto loans decreased more than 11 percent year over year, while new credit climbs to an eight-year high in the opening quarter of 2013.
Read More →Auto loan origination activity this year is the strongest it has been for banks since 2006, with new credit generated during January and February totaling $141 billion.
Read More →New York Gov. Andrew Cuomo is demanding that credit bureaus give special allowances for Hurricane Sandy victims. The credit reporting agencies, however, say they are already doing their part.
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