The Dodd-Frank Act provided the foundation for more regulation of auto financing by federal regulators. Now a state-level agency is leveraging Dodd-Frank to seek orders against a New York-based subprime lender. Benjamin Lawsky, who is New York’s Superintendent of Financial ... [Read More]

Subprime auto finance company GO Financial completed the sale of a substantial equity interest in GO Financial to Manheim today, furthering connecting the dealer-support efforts of GO Financial and NextGear Capital. GO Financial is now majority owned by DriveTime chairman ... [Read More]

Texas-based defi SOLUTIONS announced chief executive officer and founder Stephanie Alsbrooks was selected as one of the Dallas Business Journal’s 40 Under 40 honorees for 2014. The Dallas Business Journal judges received and reviewed 242 nominations to select this year’s ... [Read More]

EFG Companies highlighted that it recently became one of the first F&I product providers to have its entire field services team certified by Association of Finance and Insurance Professionals (AFIP). By certifying its entire team at once, EFG explained that ... [Read More]

The National Credit Union Foundation, in partnership with Filene Research Institute, highlighted that 14 credit unions across the country are participating in a product incubator for non-prime auto loans. The following credit unions will be testing the non-prime auto loan ... [Read More]

Moody’s sees finance companies easing off the subprime vehicle loan accelerator, but analysts stopped short of saying that lenders are ready to hit the brakes on originations to consumers with damaged credit histories. According to a new report from Moody’s, ... [Read More]

FICO is offering a free webinar this week to showcase how the vast amount of customer data housed by finance companies can be turned into successful strategy to engage with customers. The session titled, “New Approaches for Auto Marketers to ... [Read More]

The National Vehicle Leasing Association presented the Clemens-Pender Lessor of the Year Award during its recent national conference held in Tucson, Ariz. This year’s winner was David Blassingame, who has served as the NVLA president and has been recognized with ... [Read More]

As its amount of new contracts purchased climbed, Consumer Portfolio Services generated a 75-percent increase in earnings per share during the first quarter. CPS reported that its Q1 earnings totaled $6.7 million, or $0.21 per diluted share. Those figures are ... [Read More]

This week, Experian Automotive rolled out the newest addition to its suite of portfolio monitoring services the company called Lender Triggers. Experian highlighted this new tool is designed to help lenders better monitor changes in loan status on their portfolio, ... [Read More]