The Industry's Source for Automotive and Powersports Agents
Search Close Menu

Tag Search Result

equifax

CFPB Orders TransUnion and Equifax to Pay $23.1 Million for Deceptive Practices

WASINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) this week took action against Equifax and TransUnion, ordering the two credit reporting agencies and their subsidiaries to pay more than $17.6 million in restitution for deceiving consumers about the usefulness and actual cost of credit scores they sold to consumers. The two firms were also ... Read More »

Read more

Auto Loan and Lease Balances Top $1 Trillion, Equifax Reports

ATLANTA — Equifax reported this week that the total amount of outstanding balances on automotive loans and leases has crossed the $1 trillion mark, with finance companies leading the way. As of June 2015, total outstanding balances on auto loans and leases reached $1.021 trillion, a year-over-year increase of 10.5%. Additionally, the number of outstanding ... Read More »

Severe Delinquencies Fall to 10-Year Low, Equifax Reports

ATLANTA — According Equifax’s latest National Consumer Credit Trends Report, new auto loan originations have reached record highs, while severe delinquency rates fell to their lowest level in nearly a decade, reports F&I and Showroom. At the same time, auto leasing has surged as consumer demand for new vehicles remains strong. The severe delinquency rate ... Read More »

Equifax Refutes ‘Subprime Bubble’ in New Report

ATLANTA — Equifax Inc. has released its latest economic trends commentary, “Subprime Auto Loans: A Second Chance at Economic Opportunity,” which examines two groups of consumers with deep subprime credit scores over a three-year period: those who originated a subprime auto loan and those who did not. Equifax found that over the three-year time period, ... Read More »

‘Great Deleveraging’ Has Ended, Equifax Reports

ATLANTA — Based on consumer credit data collect by Equifax through November, the five-year run of debt deleveraging might be over. The credit reporting agency reported this week that nonmortgage credit balances reached their highest level since the Great Recession in November, totaling $3.1 trilling. Showing the biggest increase were credit balances for auto loans. ... Read More »

No Subprime Bubble in Sight, Equifax Says

ATLANTA — While year-to-date auto loan growth rates have slowed compared to last year, totals for new credit and the number of new loans originated for auto purchases are at all-time highs, according to Equifax’s latest National Consumer Credit Trends Report. Through June, the total number of new loans originated was 12.5 million, an increase ... Read More »

Equifax Partners With NIADA

Equifax Announces Strategic Alliance with IHS Automotive and Unveils Lost Sales Analysis Solution for Auto Lenders

Equifax Introducing New Decisioning System for Finance Sources

Equifax Report Reveals Growth And Stability In Auto Finance