COSTA MESA, Calif. - (04/18/05) -- Experian said it has introduced anew target-marketing tool that helps identify shoppers who arecurrently in the market to buy a vehicle, then pre-qualifies themfor financing using credit criteria established specifically by thelender. Auto Prospect Online Credit allows credit unions and otherlenders to drive targeted prospects to specified dealers, givingthe lenders help in forging marketing partnerships with both thedealers and the buyers. The tool, aimed at increasing loan volumesand strengthening indirect lending partnerships, can be implementedby a lender using their own brand. Dealers with access to alender's web site can launch a pre-approved direct marketingcampaign by simply choosing the vehicle they plan to market, thegeography, mail quantity, and desired credit made available by thelender.
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The FDIC Board debated and ultimately withdrew two separate proposals to address asset managers' control over banks, but acting Comptroller of the Currency Michael Hsu said he couldn't support either and called for more research and debate about how asset managers' control over banks impacts safety and soundness.
35m ago -
The state's Comptroller of Public Accounts is one of several notable non-depositories with access to the Fed's payments system, along with the Chicago Mercantile Exchange and the Tennessee Valley Authority. So why do they have accounts while some neobanks don't?
42m ago -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
43m ago -
While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
3h ago -
The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
April 24 -
The store-branded card issuer is raising annual percentage rates and adding fees for paper statements to compensate for lost revenue. The Consumer Financial Protection Bureau's new regulation is scheduled to take effect on May 14.
April 24