Recent News

TransUnion: Auto Delinquencies Tick Up as Originations Slow

CHICAGO — In the first quarter of 2017, outstanding balances for auto loans grew at a moderate pace and delinquencies ticked up as finance sources respond to poorer loan performance among subprime and nearprime borrowers, according to the latest "Industry...

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VW CEO, chairman being probed for market manipulation

Volkswagen AG's top two executives are being investigated over allegations of market manipulation, deepening the carmaker's legal woes in connection with the diesel scandal. ... Read More »

Longtime Wells Fargo Dealer Services Exec Joins CRB Auto

IRVINE, Calif. — Longtime retail credit executive Bill Katafias has left Wells Fargo Dealer Services. His new employer, CRB Auto, announced today that he has joined the indirect auto finance source, a division of Mechanics Bank, as CEO.Katafias, who spent...

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dealerIQ Adds Trade Appraisal Platform

ATLANTA — dealerIQ announced the release of “tradeIQ,” a proprietary online trade appraisal platform designed to drive better user engagement on dealer’s websites. By maximizing user engagement, dealers will experience less abandonment and...

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FTC Adds Cyberattack Resources for Small Businesses

WASHINGTON — The Federal Trade Commission (FTC) has launched a new website with articles, videos, and other information aimed at helping small business owners avoid scams and protect their computers and networks from cyberattacks and other threats.“Small...

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PayLink Direct, Omnisure Group Announce Merger

CHICAGO — Specialty finance and customized payment plan providers PayLink Direct and Omnisure Group have merged to create what officials described as the largest vehicle service contract (VSC) payment plan provider in the United States.Rebecca Howard, cofounder...

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Penske Automotive raises dividend — again

Penske Automotive Group has raised its dividend by a penny -- again -- to 31 cents a share ... Read More »

Auto lenders unite to fight fraud

Major lenders, representing more than a third of U.S. auto loan originations, have begun to share internal auto lending data and experiences to combat fraud. Ninety percent of the lenders say fraud is a growing concern. ... Read More »

Top Auto Finance Sources Team Up to Combat Fraud

SAN DIEGO — Thirteen finance sources representing more than a third of U.S. auto finance originations are looking to take a bite out of fraud. They took part in a roundtable last week to discuss ways to expand participation in a consortium aimed at tackling...

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eBay Motors Integrating TrueCar Shopping Tools

SAN JOSE, Calif. — eBay is expanding its motors marketplace and platform. And it’s doing it through a new partnership with TrueCar, which is integrating tools designed to improve the shopping experience for new-vehicle buyers.The TrueCar partnership...

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