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ABA: Direct Auto Loan Delinquencies Rise

WASHINGTON – Consumer delinquencies continued to decline in the second quarter of 2012, with bank card delinquencies falling to 11-year lows as consumers shore up their financial base in an uncertain economy, according to results from the American
Oct 5, 2012

Pentagon Federal Credit Union Moves Investment Program to CUSO Financial Services

ALEXANDRIA, Va. — CUSO Financial Services, L.P. (CFS), a full-service broker dealer and SEC Registered Investment Adviser that provides customized investment and insurance solutions to credit unions, announced today that PenFed (Pentagon Fede
Oct 5, 2012

Consumer Financial Protection Bureau Study Finds Credit Scores Used by Consumers and Lenders Can Differ

One out of Five Consumers Likely to Receive Meaningfully Different Score Than Creditor WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) released a study comparing credit scores sold to creditors and those sold to consumers. The s
Oct 5, 2012

RouteOne Endorsed As Credit Application Management System Of Choice By NIADA

FARMINGTON HILLS, Mich. — RouteOne LLC announced today that it has been endorsed as the credit application management system of choice by the National Independent Automotive Dealer Association (NIADA).  As an endorsed NIADA National Member Be
Oct 5, 2012

Santander Holdings USA, Inc. Announces Offer to Purchase for Cash Any and All of Its Outstanding Sovereign Capital Trust VI 7.908% Capital Securities PR Newswire (http://s.tt/1p4DT)

BOSTON — Santander Holdings USA, Inc. (“SHUSA”), a wholly owned indirect subsidiary of Banco Santander, S.A., announced today that it has commenced a fixed price cash tender offer for any and all Sovereign Capital Trust VI 7.908%
Oct 5, 2012

instaVIN® Announces New Certified Pre-Owned Program for Auto Dealers

instaVIN CPO Available on Qualified Vehicles with up to 100,000 Miles SAN DIEGO — instaVIN® has launched a new Certified Pre-Owned program designed to help auto dealers attract and retain used car customers. instaVIN CPO programs create incre
Oct 5, 2012

J.D. Power and Associates Reports: As Credit Card Company Website Usage Continues to Increase, Customer Expectations of Accessing Mobile Devices Expands

WESTLAKE VILLAGE, Calif. — The proportion of credit card customers who use online channels to perform basic tasks continues to increase, with those who use a smartphone or tablet preferring different experiences from those who use a computer,
Oct 5, 2012

DealerTrack and RouteOne Settle Patent Infringement Lawsuit

LAKE SUCCESS, N.Y. and FARMINGTON HILLS, Mich. — DealerTrack Holdings, Inc. (Nasdaq: TRAK) and RouteOne LLC today announced that they have settled patent infringement litigation that DealerTrack, Inc., commenced against RouteOne in 2004. Under
Oct 5, 2012

PenFed Extends 1.49% APR* Online Only Auto Financing Campaign

The credit union has extended its 1.49% APR* auto financing for online applications through the month of October on new, used, and external refinanced autos. For this campaign, the rate will be available on financing terms between 12 to 60 months. AL
Oct 5, 2012