Finance & Insurance

TO THE EDITOR: I couldn’t agree more with Kyle Birch’s article “Closing the financial literacy gap” (Aug. 31). I’ve been in this business since 1981 and have witnessed lots of changes, but the one thing that has remained constant is that many customers just don’t understand how money works. I …

Consumers impacted by the coronavirus have a lot to worry about — paying bills, possibly finding a new job and, of course, staying healthy. But chief among those concerns for many is the potential long-term impacts that pandemic conditions may be having on their credit — and whether the process …

F&I product and training company JM&A Group is expanding its virtual F&I pilot program to its largest partner yet. Hall Automotive Group, a division of 80-store MileOne Autogroup, will pilot the program in which JM&A employees sell F&I products via Skype to consumers in dealerships, starting with an initial 90-day …

In an effort to help those impacted by Hurricane Laura, some captives are offering payment relief and assistance programs. Here is the list of captives offering support so far and their relief packages. Volvo Car Financial Services Volvo Car Financial Services has ceased collections temporarily and is offering payment extensions …

After 13 years as president, Forrest Heathcott said Tuesday he will retire in early 2021 from JM&A Group, one of the largest providers of finance and insurance products in the U.S. He will be succeeded by Dan Chait, 53, president of sibling company Southeast Toyota Finance. The company is the …

With profitability scarce, many automakers are steering away from their vehicle subscription experiments. Yet, Porsche is doubling down on its 3-year-old program. And it’s doing so in the maw of a health crisis that has many Americans wary of sharing vehicles. Porsche is now making its vehicle subscription service more …

In our country, car ownership has historically been a mark of achievement, independence and excitement, as well as a necessity of daily living for millions. For many, it’s a source of pride and a conduit to a better life. Someone with a car can pursue higher education outside their own …

Consumer accounts in forbearance declined across credit products for the first time during the monthslong coronavirus pandemic, credit bureau TransUnion said last week, an indication auto borrowers rolling out of financial hardship are landing on their feet. Government stimulus programs and lender accommodation programs are largely responsible for the market’s …

Safe-Guard Products International, one of the largest finance and insurance product providers in the U.S., is launching branded products for Prime Automotive Group, both companies announced last week. The agreement with Prime is Safe-Guard’s second-largest with a retailer after its relationship with AutoNation Inc. Prime Automotive, which ranks No. 11 …