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AFSA asks CFPB to table proposed auto-loan survey

In January — three days before President Trump was inaugurated — the Consumer Financial Protection Bureau shared a proposal via the Federal Register to launch an auto-loan survey to collect a variety of information from contract holders. Last week, the … [Read More]

New survey says half of Americans feel ‘trapped’ in their financial situation

Perhaps the sentiments held by the contract holders in your finance company’s portfolio aren’t quite as sullen as some of the recent consumer studies that have surfaced in the past month. With debt-free aspirations sagging and a majority of individuals … [Read More]

FTC addresses frequently asked questions connected with Safeguards Rule and dealers

Remember when compliance experts spent years discussing the Safeguards Rule? You know, the mandate that requires non-banking financial institutions, such as car dealers, to develop, implement, and maintain a comprehensive security program to keep their customers’ information safe? Well, the … [Read More]

Toyota CPO sales jump 12%

Toyota Motors North America and American Honda saw upticks in certified pre-owned vehicle sales in July and August as sales…

After previously examining ‘junk fees,’ CFPB now focuses on ‘junk data’

The Consumer Financial Protection Bureau started the year by launching an initiative in connection with what the federal regulator called “exploitative junk fees.” Last week, the CFPB turned its attention to what it’s calling “junk data.” The bureau issued guidance … [Read More]

5 trends being watched by Experian North America chief economist

In his latest installment of “The Macro Moment” distributed this week, Experian North America chief economist Joseph Mayans delivered insight on the U.S. economy as well as key economic and credit developments and implications for the financial services industry. While … [Read More]

Latest acquisition by APCO Holdings expands footprint into NY

APCO Holdings got back into acquisition mode this week. The provider of F&I products and dealer solutions has acquired the assets of Lawley Automotive Dealer Solutions. The company said this acquisition demonstrates APCO’s commitment to protecting “what moves dealers” and … [Read More]

Credit Acceptance originations down 10.1%

Credit Acceptance Corp.’s originations fell in the first quarter as market share also dipped year over year on the heels…

Fed chair still cautious even after 23 largest banks pass annual stress test

On Wednesday, the Federal Reserve Board said 23 banks passed its annual stress test, which policymakers explained shows that large banks are well positioned to weather a severe recession and continue to lend to households and businesses even during a … [Read More]

Big Wheels: Exponential Used Vehicle Index declines 11%

Used-vehicle values continue to trend downward from 2022’s peak levels but are outpacing pre-pandemic levels. Used-car values remained unchanged from…

PODCAST: Gauging client mood with Allied Solutions

Allied Solutions executive vice president and chief growth officer Mark Bugalski spent some of his time during Used Car Week for this episode of the Auto Remarketing Podcast. Bugalski responded when asked to describe the beverage company clients might be … [Read More]