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Experian Automotive reports that the below-prime segment represented 22.29 percent of all loans originated in the second quarter, up from 18.21 percent in the year-ago quarter.
Read More →The Shared National Credits (SNC) Review for 2011 showed the credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations (FBOs) and nonbanks improved in 2011 for the second consecutive year.
Read More →LEAP Financial announced it has expanded its headquarters in San Diego to support continued growth in revenues and staff.
Read More →American Express and Mercedes-Benz USA have partnered to offer two new credit cards that will allow Mercedes-Benz owners to earn points that can be used toward the automaker’s service package offerings or toward the purchase or lease of a new vehicle.
Read More →The national 60-day delinquency rate for auto loans fell for the seventh consecutive quarter, dropping to 0.44 percent at the end of the second quarter, TransUnion reported today.
Read More →Falling from 1.29 percent to 1.27, the auto loan default rate continued to improve along with other credit categories in July, according to the S&P/Experian Consumer Credit Default Indices.
Read More →The Blackstone Group has acquired Exeter Finance Corp. from Navigation Capital Partners. The specialty auto finance company also secured a new line of credit that will help grow its loan portfolio and expand its branch network.
Read More →The head of at least one key financial services association doesn’t expect the auto finance segment to be severely impacted by the downgrade of U.S. debt, but the impact on consumer confidence remains a question.
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Can you charge a customer’s down payment to a credit card? The magazine’s legal wiz says the answer has more to do with economics than the law of the land.
Read More →Volkswagen Group’s VW Credit Inc. has chosen Wolters Kluwer Financial Services as a preferred provider of motor vehicle lease contracts for Volkswagen, Audi and Bentley dealerships.
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