HOUSTON — Auto Financial Group, an online provider of residual-based financing products for credit unions, recently announced it has signed an agreement with Frankenmuth Credit Union, a Michigan-based institution. Executives explained the agreement means FCU can offer AFG's DrivingSense as both ... [Read More]

NEW YORK — A new feature now is available with the LexisNexis Receivables Management Solutions Suite. Officials highlighted that LexisNexis Banko Events Monitoring can automate the process of monitoring bankruptcy events and help collections organizations improve efficiency. They also contend the new ... [Read More]

DES MOINES, Iowa — Wells Fargo Preferred Capital recently expanded an established relationship by boosting a credit facility to TC Automotive Partners Funding. The amount of the facility totaled $35 million. TC Automotive Partners Funding is an affiliate of Tuttle-Click Automotive ... [Read More]

SANTA MONICA, Calif. — Edmunds.com recently discovered that new-vehicle contracts which included zero-percent financing reached a new industry high during March. Site analysts found that more than 22 percent of financed new vehicles were purchased with zero-percent finance deals this past ... [Read More]

CINCINNATI — Automobile Consumer Services and DriveItNow Payment Marketing Service recently collaborated on "soft pull" credit analyzing technology. Executives explained how the process works when a consumer clicks the DriveItNow payment button that's displayed on vehicle search listings, dealer Web sites ... [Read More]

FORT WORTH, Texas — Dan Berce, AmeriCredit chief executive officer and president, explained Wednesday that now is the optimal period of time to produce new-loan originations since the economic conditions have begun to stabilize and improve. And as such, the company ... [Read More]

LOS ANGELES — Westlake Financial Services cited the success of a recent test program with National Creditors Connection as the reason to expand a partnership with the field contact service provider. Executives highlighted that NCCI's tool helped to improve contact and ... [Read More]

AUSTIN, Texas — A+ Federal Credit Union, one of the largest operations in the Texas state capital, recently broadened its relationship with Wolters Kluwer Financial Services. A+FCU officials announced they're joining Wolters Kluwer's AppOne platform for indirect lending, credit approval and compliance ... [Read More]

BANDON, Ore. — According to CNW Research's Art Spinella, tough economic times are dramatically driving up the growth of buy-here, pay-here lots throughout the country. "Back in the day, such operations were typically small, dusty outlets with marginal vehicles where a ... [Read More]

CARMEL, Ind. — On Monday, ADESA announced that its subsidiary, PAR North America, has teamed up with SWBC to bring credit unions a suite of automotive asset risk and account management services. SWBC is one of the nation's largest privately held ... [Read More]