Credit and automotive compliance technology company provides auto dealers with credit-focused lead generation, credit reporting, and compliance products.
Hits 2 ½-year low. Subprime, negative-equity shares fall.
Informativ, which reflects company’s approach to comprehensive credit and compliance solutions, encompasses lead generation through vehicle sales.
Partners with Legacy Auto Credit in Ontario for app-based subscription-to-ownership program.
Consumer credit defaults remained relatively stable in July, according to data from S&P Dow Jones Indices and Experian. The on exception were auto loans, which showed an increase in defaults.
The CFPB is finalizing a policy that would allow consumers to publicly share their stories when they submit complaints to the bureau. The regulator is also seeking public comment on ways to highlight positive consumer experiences.
In response to the CFPB’s activities this year, the trade group has launched a new certification program for auto finance sources. The program was developed by Hudson Cook LLP.
The American Bankers Association found that delinquencies across all credit segments rose six basis points in the second quarter. Overall, delinquencies remain significantly below their 15-year average.
New non-mortgage credit balances continue to increase, while new auto, bank and retail cards, consumer finance, home equity and student loan credit rose by $61 billion in January.
U.S. consumer credit data from CreditForecast.com, a joint product of Equifax and Moody's Analytics, projects a rebounding consumer environment along with recovering auto and home markets in 2012.
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