Financial News

Experian will launch Experian Boost, a free online platform that allows consumers to influence their credit scores. Through the new platform, consumers can grant permission for Experian Boost to connect…
The Federal Reserve increased its federal funds rate on Dec. 19, placing more pressure on auto finance. The rate moved to 2.5 from 2.25. Many creditors announced they would immediately…
The auto finance default rate rose slightly in November, but remains low for the year. The default rate rose to 0.93 percent from 0.92 percent in October, according to S&P…
Credit Acceptance Corp. has been recognized by Great Place to Work and Fortune as one of the 100 Best Workplaces for Diversity for the second time. The company was named…
Vroom announced a $146 million Series G funding round led by AutoNation. Funds and accounts advised by T. Rowe Price Associates, Inc., L Catterton, General Catalyst Partners, Fraser McCombs Capital…
Consumers plan on using their tax refunds to pay off debt, according to a new survey by GoBankingRates. Women are more likely than men to want to use their refund…
Primeritus Financial Services appointed Chris McGinness as the company’s first chief operating officer, effective immediately. As chief operating officer, McGinness will have the responsibility to lead in the development and…
With the uptick in average credit scores for vehicle financing across the board, the percentage of subprime loan originations reached its lowest level in 11 years in the third quarter.…
Black Book’s Used Vehicle Retention Index for November reached 116.5, marking seven months of continuous growth. The Index increased from 116.3 in October. The Index has seen a just one…

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