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ORLANDO, Fla. – US Equity Advantage® (USEA) has passed a significant milestone, transmitting more than $1.3 billion in loan payments for its members, according to the company’s latest operating data. USEA is an industry leader in providing safe and secure early loan payoff services from home and automotive to RV, boat and student loans. The ... Read More »
Read More →FORT WAYNE, Ind. – VisionMenu has made it even easier to eContract with the latest enhancement vContract™ VisionMenu released vRate™, an unprecedented feature of VisionMenu, in March to allow the user to rate multiple providers and multiple products simultaneously. vContract™ takes the user the final step by allowing them “print all” capability. “If a dealer ... Read More »
Read More →The cycle is a familiar one on Wall Street. First comes a lending boom. And then, after the abuses and excesses of a bubble, there is the government crackdown, reported The New York Times. Now, as federal prosecutors and regulators wrap up many of their largest mortgage investigations, they are shifting their focus to another ... Read More »
Read More →Federal prosecutors are scrutinizing whether employees inside and outside General Motors Co. GM’s legal department concealed evidence from regulators about a faulty ignition switch, potentially delaying a recall of vehicles with the fatal problem, according to people familiar with the matter, reported The Wall Street Journal. The investigation is at an early stage, one of ... Read More »
Read More →Ford Motor Co has told its U.S. dealers to stop test-driving and selling C-Max and Focus models produced during a week this month because of potential problems with the steering gear assembly, a notice sent to dealers on Wednesday shows, reported Reuters. A Ford spokeswoman said Thursday none of the affected vehicles were sold to ... Read More »
Read More →WASHINGTON, D.C. — On Wednesday, the Consumer Financial Protection Bureau (CFPB) ordered First Investors Financial Services Group Inc. to pay a $2.75 million fine for providing inaccurate information to credit reporting agencies. The issue was related to computer system flaws, which the agency said impacted “tens of thousands” of the auto finance company’s customers. Texas-based ... Read More »
Read More →SCHAUMBURG, Ill. — The total dollar amount of automotive loan balances outstanding hit $839.1 billion in the second quarter of 2014, up 11.7% from the previous year, according to Experian Automotive’s latest State of the Automotive Finance Market report. Further findings from the report showed that, while still at near historic lows, 60-day loan delinquencies ... Read More »
Read More →CHICAGO — An agreement between the Chicago Automobile Trade Association and Scout Automotive Marketing will make car shopping on DriveChicago.com an even better experience for consumers. The deal, which places Scout’s Trade Express trade-in valuation tool on the DriveChciago.com site, gives shoppers a more accurate trade value for their car, with data provided by NADA ... Read More »
Read More →Austin, Texas – IAS, a leading provider of F&I solutions to automobile dealerships, today announced Keith Cooper has joined the company as senior vice president of sales, effective August 11. Mr. Cooper succeeds longtime IAS executive Jeff Jagoe who has been with the company since 1995. Mr. Jagoe will assume the newly created role of ... Read More »
Read More →McLEAN, Va. – In response to the National Highway Traffic Safety Administration’s new Vehicle Identification Number (VIN) look-up tool for vehicle recall information, Forrest McConnell, chairman of the National Automobile Dealers Association and a Honda/Acura dealer in Montgomery, Ala., issued the following statement: “The new online look-up tool will help new-car dealerships identify whether a ... Read More »
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