PALATINE, Ill. — This week, Santander Consumer USA joined MVTRAC's network of automotive lenders. The new relationship means as an indirect/direct lender and portfolio purchaser with more than 12,000 dealership relationships nationwide, Santander brings thousands of VINs and an ongoing daily supply ... [Read More]

HAUPPAUGE, N.Y. — CU Xpress Lease, a leading credit union lease provider, says it is witnessing a record-setting pace is auto leasing activity, with September up 100 percent year-over-year. The company went on to say it processed more than 1,500 lease applications for October. ... [Read More]

FORT WORTH, Texas — General Motors Financial, formerly AmeriCredit, announced last week it created a fundamental change company notice and a notice of conversion procedure. Management said these documents were mailed to the holders of notes issued pursuant to the indenture ... [Read More]

COLUMBUS, Ohio — In what the top executive called a "bright spot," Huntington Bancshares enjoyed healthy, double-digit gains in average automobile loans and leases when looking at both quarter-over-quarter and year-over-year comparisons. When first comparing the third quarter with the second ... [Read More]

SAN ANTONIO — To let current and former military members and their families know about the various services it offers — which includes auto loans and car-buying services, just to name a few — USAA said Wednesday that it is rolling out a ... [Read More]

WASHINGTON, D.C. — The American Financial Services Association has officially brought in its new chair for the 2010-2011 term. Inaugurated into the position was Mary McDowell, who is president the chief executive officer of CitiFinancial North America. McDowell's installation was ... [Read More]

DEARBORN, Mich. — Though revenues slipped, Ford Motor Credit Co. saw its net income jump $70 million on a year-over-year basis during the third quarter, the company said Thursday. Specifically, net income for Ford Credit was $497 million, compared with $427 million ... [Read More]

DETROIT — Ally Financial recently announced the opening of an exchange offer for its outstanding 8.3 percent senior guaranteed notes that are due 2015. Company management originally issued an aggregate principal amount of $2 billion of the old notes in ... [Read More]

NEW YORK — Last week, Fitch Ratings affirmed the outstanding notes of Hyundai Auto Receivables Trust 2007-A as part of its ongoing surveillance process. Fitch explained the rating reflects the quality of Hyundai Motor Finance's retail auto loan originations, the sound ... [Read More]

McLEAN, Va. — Capital One Financial Corp. showed more than a 61-percent year-over-year gain in auto loan originations during the third quarter. Moreover, on a sequential basis, they were up more than 38 percent. More specifically, Capital One had $2.44 billion ... [Read More]