BATON ROUGE, La. — Wolters Kluwer Financial Services has gained another partner that will use its AppOne platform to provide indirect lending, credit approval and compliance processes to lenders and dealerships. The new partner is ASI Federal Credit Union, one of ... [Read More]

BANDON, Ore. — CNW Research discovered that as banks, captives, credit unions and others tried to leverage the Cash for Clunkers, they allowed average FICO scores to dip. More specifically, the average FICO score, including cash, finance and lease customers, came ... [Read More]

SARASOTA, Fla. — In this difficult economy, more and more customers are struggling to make their buy-here, pay-here car payments. Repossessions are occurring at record levels as customers are simply surrendering their vehicles and walking away from the balance on their ... [Read More]

CHICAGO — In a positive turn, Fitch Ratings announced it has revised its ratings outlook on Ford and Ford Credit from "Negative" to "Stable." Additionally, the company said the issuer default rating for Ford has been affirmed at "CCC." Fitch officials ... [Read More]

OLD BRIDGE, N.J. — EZ Dealer Finance, a provider of auto lending solutions, recently announced the release of its EZ Dealer Application System. Basically, the company provides a Web site for independent and franchise dealers to submit loan applications. The staff has ... [Read More]

HOUSTON — For the second quarter of this year, Mint Leasing, a subprime leasing company, reported that its ability to generate revenues from new leases was "greatly restricted" by the lack of available financing. Company officials indicated that its line of ... [Read More]

SALT LAKE CITY — Prestige Financial Services announced on Monday that a new lender has joined with Wells Fargo Preferred Capital and Bank of America Business Capital as institutions on its line of credit. The new company to join the credit ... [Read More]

ALEXANDRIA, Va. — The total number of U.S. bankruptcies filed during the first six months climbed 36 percent over the same period in 2008, according to the American Bankruptcy Institute. Total filings reached 711,550 during the first half of the calendar ... [Read More]

CARY, N.C. — As many lenders continue to maintain tighter underwriting and higher credit standards, hundreds if not thousands of dealers throughout the country continue to seek out new lender relationships to fill the gap, or they elect to enter the ... [Read More]

CARMEL, Ind. — J.D. Byrider has hired a new vice president to run the company's franchise development. Taking on the position is Michael Pearce. He will be responsible for increasing the number of locations by licensing new franchisees to J.D. Byrider's ... [Read More]