A report compiled by AmTrust Financial Services showed how much value consumers are getting from F&I products, especially guaranteed asset protection (GAP) coverage as well as owners who operate their vehicles where weather and road conditions are poor. The AmTrust ... [Read More]

Remitter USA is beginning its journey through 2021 with revamped leadership, including a new chief executive officer and vice president of sales. Now overseeing the white-labeled digital communications platform powered by artificial intelligence that can help finance companies maximize revenue ... [Read More]

This week’s restart of the Paycheck Protection Program (PPP) could benefit dealerships and finance companies directly if they choose to apply for and are granted loans through this federal program. Or PPP could provide a trickle-down effect for stores and ... [Read More]

Here’s another update to start 2021 from our busy mergers and acquisitions desk. Protective Life Corp., overseer of Protective Asset Protection and a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, announced this week it completed the transaction to acquire ... [Read More]

A 2019 study published in the Journal of Planning Education and Research examined how vehicle ownership and income are directly related to poverty, coining the term, “Poverty of the Carless.” During the past 60 years, the study indicated all advances ... [Read More]

The financing metrics Edmunds compiled and shared this week might have reinforced why more budget-limited consumers likely made a used-vehicle purchase rather than going for a new model. According to Edmunds data, December financed new-car purchases represented the highest average ... [Read More]

The new year is opening with mergers coming to fruition. On the heels of a development involving First Investors Financial Services, Sonsio, a leading provider of vehicle protection and warranty programs to the automotive aftermarket, announced its merger with Evolution, ... [Read More]

A year-long project commissioned by the Consumer Financial Protection Bureau produced quite a rundown of suggestions for the regulator as well as state and federal lawmakers and agencies on how they could improve. The CFPB Taskforce on Federal Consumer Financial ... [Read More]

A merger Financial Services Group first revealed in October now is closed, according to an announcement on Tuesday. First Investors said the acquisition of the subprime auto finance company by funds affiliated with Gallatin Point Capital and minority investor Jacobs ... [Read More]

It turned out to be an active holiday season at the Consumer Financial Protection Bureau. Along with naming two new staff members and reaching a consent order with a provider of personal loans, the CFPB also penalized Santander Consumer USA ... [Read More]