Foster’s 40-year career now includes being named Repossession Agent of the Year
Wednesday, Oct. 30, 2024, 01:15 PM
NAF Association touts success of Compliance Champions Workshop
Thursday, Oct. 31, 2024, 09:55 AM
New TransUnion research highlights broad interest in refinancing
Wednesday, Oct. 30, 2024, 10:44 AM
Toyota Financial Services Appoints New CEO to Replace Retiring Borst
Wednesday, Jul. 31, 2013, 12:00 AM
Nick Zulovich
TORRANCE, Calif. — Toyota Financial Services will soon have a new president and chief executive officer. The company announced earlier this week that George Borst is retiring at the end of September, and filling his shoes as president and CEO ... [Read More]
AWARE Highlights How Teens’ Quest for First Car Can Be Educational Opportunity
Wednesday, Jul. 31, 2013, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — With August straight ahead and back-to-school campaigns for clothes and more about to intensify, Americans Well-informed on Automobile Retailing Economics urged parents to provide guidance and support so teenagers can take an active role in selecting a ... [Read More]
GM Financial’s Q2 Earnings and Originations Rise as Subprime Foothold Strengthens
Monday, Jul. 29, 2013, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — General Motors Financial posted year-over-year gains in quarterly earnings and loan originations as company executives highlighted how they helped the parent automaker maintain its "industry leading leadership" for subprime loan penetration. GM Financial indicated the OEM ... [Read More]
Colorado BHPH Store Flourishes with 9.99 APR Contracts
Monday, Jul. 29, 2013, 12:00 AM
Nick Zulovich
GREELEY, Colo. — Many buy-here, pay-here dealerships originate contracts with interest rates at 20 percent and higher. It's one of the reasons why store managers in California cheered a year ago when the governor vetoed a measure that would have ... [Read More]
Site Names ‘5 Cheap, Stylish Cars for Subprime Borrowers’
Monday, Jul. 29, 2013, 12:00 AM
Nick Zulovich
LOS ANGELES — Analysts from GoBankingRates.com recently created a list of new vehicles recommended for subprime buyers. Headlining the list of "5 Cheap, Stylish Cars for Subprime Borrowers" was the Toyota Corolla. The site went with this model because of ... [Read More]
Fed Officials Ask Lenders to Be Helpful as Student Loan Amounts Continue to Climb
Monday, Jul. 29, 2013, 12:00 AM
Nick Zulovich
CHICAGO and WASHINGTON, D.C. — Finance managers trying to finalize that vehicle contract for a new college graduate might continue to have trouble getting that debt-to-income ratio at a point where the paper is purchased by a finance company. A ... [Read More]
Asbury, Sonic, Lithia and Group 1 Evaluate Latest CFPB Effect on Lender Relationships
Friday, Jul. 26, 2013, 12:00 AM
Nick Zulovich
CARY, N.C. — Of the four public dealer groups that conducted conference calls this week to discuss second-quarter results, only one shared details about noticeable changes regarding relationships with lenders as heightened regulation comes from the Consumer Financial Protection Bureau. ... [Read More]
Former SEC Attorney Raises Concerns About Potential CFPB Data Breach
Friday, Jul. 26, 2013, 12:00 AM
Nick Zulovich
ARLINGTON, Va. — Concerns about the volume of credit data gathered by the Consumer Financial Protection Bureau along with potential that information could be compromised were raised again by a former staff attorney at the Securities and Exchange Commission, who ... [Read More]
VINtek Assists with Successful Electronic Lien and Title Legislation in Nevada
Friday, Jul. 26, 2013, 12:00 AM
Nick Zulovich
PHILADELPHIA — VINtek recently reported that the company assisted with the passage of electronic lien and title (ELT) legislation in Nevada, which has been signed into law by Gov. Brian Sandoval. The company explained ELT replaces paper automotive liens with ... [Read More]
Leedom Gearing Up for Next Round of BHPH Training
Friday, Jul. 26, 2013, 12:00 AM
Nick Zulovich
SARASOTA, Fla. — Leedom and Associates is a month away from its next round of training sessions for buy-here, pay-here dealers, focusing on helping managers both sell vehicles and maintain collections. Leedom executive vice president and senior partner Chuck Bonanno ... [Read More]