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Car-Mart Adds Another Store in Alabama
Friday, Apr. 26, 2013, 12:00 AM
Nick Zulovich
BENTONVILLE, Ark. — Buy-here, pay-here dealership chain America's Car-Mart opened its 124th store this week. Car-Mart broadened its footprint in Alabama by rolling out a dealership in Gadsden. The new location is the company's 13th dealership in Alabama and the ... [Read More]
CFPB Creates New Position, Adjusts Other Staff Roles
Wednesday, Apr. 24, 2013, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — Along with testifying in front of the Senate Banking Committee about the agency's semiannual report, the director of the Consumer Financial Protection Bureau made several changes and new additions to the CFPB's senior leadership this week. Director ... [Read More]
NABD: Just 5 Days Left to Secure Early Bird Discounts for Academy & Conference
Wednesday, Apr. 24, 2013, 12:00 AM
Nick Zulovich
LAS VEGAS — Only five days remain for dealers to obtain discounted registration and accommodations for next month's Dealer Academy and National Conference orchestrated by the National Alliance of Buy-Here, Pay-Here Dealers. NABD founder and event organizer Ken Shilson said ... [Read More]
Flagship Credit Acceptance Completes Asset-Backed Securitization, Adds West Coast Office
Wednesday, Apr. 24, 2013, 12:00 AM
Nick Zulovich
CHADDS FORD, Pa. — Among a host of other developments, indirect auto finance company Flagship Credit Acceptance completed an asset-backed securitization of $222 million of notes in a transaction that closed last week. Flagship highlighted that the notes were issued ... [Read More]
AWARE Looks to Dispel Common Vehicle Financing Myths
Wednesday, Apr. 24, 2013, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — As Financial Literacy Month continues, Americans Well-informed on Automobile Retailing Economics wanted to clear up some common vehicle financing misconceptions. Officials from the educational coalition explained that common vehicle financing myths can knock car shoppers off course. ... [Read More]
Capital One Posts Q1 Increase in Auto Originations
Monday, Apr. 22, 2013, 12:00 AM
Nick Zulovich
McLEAN, Va. — Capital One Auto Finance posted a sequential gain in originations during the first quarter, pushing its total vehicle financing portfolio up by 3 percent. The company reported Q1 originations of $3.78 billion, up from $3.48 billion in ... [Read More]
CU Direct Connect Watches Funding Volume & Shareholder Equity Grow in Q1
Monday, Apr. 22, 2013, 12:00 AM
Nick Zulovich
CENTENNIAL, Colo. — CU Direct Connect — a credit union service organization that provides a vehicle lending platform and origination funding support to credit unions and dealerships in Colorado — generated double-digit growth in a number of metrics during the ... [Read More]
Automotive Compliance Consultants Joins AFSA
Monday, Apr. 22, 2013, 12:00 AM
Nick Zulovich
CRYSTAL LAKE, Ill. — Automotive Compliance Consultants recently joined American Financial Services Association in response to moves made by the Consumer Financial Protection Bureau. Automotive Compliance Consultants chief executive officer Terry Dortch explained the firm joined AFSA to engage with ... [Read More]
Ally Financial Partners with the Federal Reserve Bank of Chicago for Money Smart Week
Monday, Apr. 22, 2013, 12:00 AM
Nick Zulovich
DETROIT — Consumers in Detroit and Atlanta will have an opportunity to boost their money smarts this month with the return of Money Smart Week. Ally Financial is hosting 14 financial literacy sessions in Detroit and four sessions in Atlanta ... [Read More]
Reynolds and PAA Launch LAW Pennsylvania F&I Library of Forms
Friday, Apr. 19, 2013, 12:00 AM
Nick Zulovich
DAYTON, Ohio — Reynolds and Reynolds on Thursday announced the launch of the LAW Pennsylvania F&I Library, which offers Keystone State dealers a comprehensive catalog of standardized, legally reviewed finance and insurance documents. Officials highlighted the LAW Pennsylvania F&I Library ... [Read More]