Contained in this week’s announcement about Banco Santander entering into an agreement to acquire Canadian-based Carfinco Financial Group Inc. for $298 million (CDN) in cash is a stipulation about non-prime auto finance interests in the U.S. As part of the ... [Read More]

Here’s a development that ought to be welcome news to auto finance companies, forwarding organizations and repossession agencies: an enhanced compliance tool that’s now available at a lower price. This week, compliance monitoring provider Vendor Transparency Solutions launched VTS 2.0 ... [Read More]

As a lobbying group reportedly backed off its campaign against the agency’s drive to push full consumer complaint information online, the Consumer Financial Protection Bureau appears poised to tighten its regulatory grip on the auto finance industry. With the CFPB ... [Read More]

Equifax announced that defi SOLUTIONS through its cloud-based loan origination system is now offering its automotive finance company clients access to income and employment verifications through The Work Number,  a proprietary database of employment and income information owned by Workforce ... [Read More]

LightStream, a national online consumer lending division of SunTrust Bank became the exclusive online financing for Kelley Blue Book on Monday. Officials highlighted the LightStream AnythingLoan can provide KBB.com site visitors with simple online financing that can be used for ... [Read More]

In light of the Consumer Financial Protection Bureau handing out stern enforcement actions connected with credit bureau reporting, the ranking member of the U.S. House Financial Services Committee now is joining the regulatory fray. As the chairman-elect of the American ... [Read More]

A George Mason University researcher and Yale School of Law graduate found three significant issues with the Consumer Financial Protection Bureau wanting to publish consumer complaint narratives online — including the CFPB lacking the authority to make such a move. ... [Read More]

The U.S. Department of the Treasury’s ownership in Ally Financial continues to shrink. Treasury officials on Friday announced the completion of the first pre-defined written trading plan for Ally common stock. Treasury said it sold 8,890,000 shares and recovered approximately ... [Read More]

Premier Warranty hosted an Association of Finance & Insurance Professionals certification boot camp for the sales and F&I personnel of its dealer clients in Arkansas, Louisiana and Texas this summer in Bossier City, La. Attendees represented 10 dealerships operated by ... [Read More]

It’s been an emotional week for Banco Santander and Santander Consumer USA leaders both in Europe and the U.S. Chairman Emilio Botín unexpectedly passed away on Tuesday, and a day later the bank’s board of directors of unanimously agreed to ... [Read More]