FCA wants its own captive, reviews Chrysler Capital options
Friday, June 1, 2018 - 9:29am
Friday, June 1, 2018 - 9:29am
According to confirmation from Fiat Chrysler Automobiles on Friday, how FCA dealers can finance inventory and their retail sales is going to change. The automaker announced it intends to establish a captive financial services arm to provide U.S. consumers with more options to finance vehicle purchases while... Read More
PointPredictive leverages machine learning for income verification tool
Tuesday, May 29, 2018 - 12:45pm
Tuesday, May 29, 2018 - 12:45pm
Through advancements in machine learning, auto finance companies now have another tool to answer one of the most important questions during the underwriting process. PointPredictive recently released its newest product — Income Validation Alert — a solution that can offer a real-time predictive assessment of... Read More
Fitch conducts 2 stress tests to examine recovery impact
Tuesday, May 29, 2018 - 12:41pm
Tuesday, May 29, 2018 - 12:41pm
A new Fitch Ratings report shared results of internally conducted stress tests that likely won’t please recovery managers, but these findings nevertheless cannot be ignored by any finance company, regardless of size. Fitch explained that falling used-vehicle values and swelling supply are set to continue at least... Read More
RISC acquires Recovery Standard Training
Tuesday, May 29, 2018 - 11:29am
Tuesday, May 29, 2018 - 11:29am
The compliance education and training offerings from Recovery Industry Services Company (RISC) just became much more robust. On Tuesday, RISC announced the acquisition of Recovery Standard Training, which is curriculum created and maintained by Hudson Cook. Officials highlighted the program will soon be added to... Read More
While still sizeable, rate consumers could handle a $400 emergency improves
Thursday, May 24, 2018 - 3:23pm
Thursday, May 24, 2018 - 3:23pm
It’s taken five years, but federal officials are seeing an improvement if consumers faced a financial emergency roughly equal to one payment on their vehicle installment contract. The Federal Reserve Board’s latest Report on the economic well-being of U.S. households indicated four in 10 adults, if faced... Read More
GSFSGroup creates new executive post to lead F&I technology development
Thursday, May 24, 2018 - 3:17pm
Thursday, May 24, 2018 - 3:17pm
GSFSGroup created a new executive position to respond to growth and an increasing need for data management and innovative technology in the automotive F&I industry. The provider and administrator of a comprehensive portfolio of F&I products for dealerships this week announced the hiring of Steven Clark as its... Read More
Autotrader, KBB and LendingTree collaborate to present online financing options
Thursday, May 24, 2018 - 9:59am
Thursday, May 24, 2018 - 9:59am
As Kelley Blue Book rolls out its latest marketing campaign, Autotrader and KBB are teaming up with LendingTree to help potential buyers secure financing options just in time for Memorial Day weekend sales events. The Cox Automotive companies announced on Thursday that they now are collaborating with LendingTree’s... Read More
BillingTree survey shows how much CFPB concerns have diminished
Wednesday, May 23, 2018 - 11:36am
Wednesday, May 23, 2018 - 11:36am
Key findings of BillingTree’s sixth annual Operations and Technology Survey involving collections, recoveries and more, are showing just how much of an impact all of the widespread changes at the Consumer Financial Protection Bureau are leaving on service providers. For the first time in the history of the... Read More