New ValidiFI report reinforces importance of spotting high-risk indicators of ACH transactions
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LegalShield: Spiking consumer financial stress 'not a fluke'
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Survey: Despite notable lack of emergency funds, majority of Americans feel confident about handling unexpected expenses
Tuesday, Sep. 24, 2024, 10:28 AM
Pelican Resource Group Introduces Subprime Program for Dealers
Thursday, Jun. 18, 2009, 12:00 AM
Nick Zulovich
CHERRY HILL, N.J. — Earlier this week, Pelican Resource Group announced that franchised and independent dealerships looking to move excess used and wholesale inventory now have the option of a comprehensive program to help them increase sales and generate cash. To ... [Read More]
Wells Fargo Increases Capital Commitment to Westlake Financial
Tuesday, Jun. 16, 2009, 12:00 AM
Nick Zulovich
DES MOINES, Iowa — Wells Fargo Preferred Capital announced it has increased its lending commitment to Westlake Financial Services from $120 million to $150 million. Wells Fargo Preferred Capital, a subsidiary of Wells Fargo & Co., is the lead agent of ... [Read More]
TransUnion: 60-Day Auto Loan Delinquency Rate to Hit 1% by Year-End
Tuesday, Jun. 16, 2009, 12:00 AM
Nick Zulovich
CHICAGO — While TransUnion.com reported that there was a drop in the average first-quarter 60-day auto loan delinquency rate throughout the nation, the company attributed this more to seasonal patterns than a reversal of trends related to the auto lending environment. ... [Read More]
USAA, GM Partner to Offer Special Discount
Tuesday, Jun. 16, 2009, 12:00 AM
Nick Zulovich
SAN ANTONIO, Texas — USAA and General Motors have teamed up to offer a special discount, on top of current rebates and dealer incentives, for the credit union's members. More specifically, the offer provides for up to $1,000 in additional discounts ... [Read More]
Colo. Credit Unions Align to Launch New Auto Shopping Tool for Members
Tuesday, Jun. 16, 2009, 12:00 AM
Nick Zulovich
LAKEWOOD, Colo. — Colorado credit union members apparently now have a new non-traditional, more comfortable and convenient way to shop for cars, access credit union financing and purchase vehicles at pre-negotiated, no-haggle prices. WhereMembersDrive.com is designed to provide the state's credit ... [Read More]
AiM to Partner with Ford Credit
Thursday, Jun. 11, 2009, 12:00 AM
Nick Zulovich
LONG BEACH, Calif. — Alliance Inspection Management announced on Wednesday that it will partner with Ford Motor Credit Co. and assume responsibility for floor-plan audits at dealerships and conduct lease-end inspections of vehicles financed through the captive. "We are very pleased ... [Read More]
Hudson Receives Lifetime Achievement Award
Thursday, Jun. 11, 2009, 12:00 AM
Nick Zulovich
DAYTON, Ohio — Reynolds and Reynolds recently congratulated Tom Hudson, of Hudson Cook, on receiving the prestigious Senator William Proxmire Lifetime Achievement Award from the American College of Consumer Financial Services Lawyers this spring. The college presents the award periodically to those who ... [Read More]
Non-Prime Auto Financing Survey: Used Portfolios Performing Better than New
Thursday, Jun. 11, 2009, 12:00 AM
Nick Zulovich
FORT WORTH — Highlights of the annual Non-Prime Automotive Financing Survey were touched upon at last week's related conference held by the National Auto Finance Association. One the primary insights offered was that overall, used-vehicle portfolios performed better than new-vehicle portfolios, ... [Read More]
ARI Adds New F&I Services by Acquiring Powersports Outsourcing Group
Thursday, Jun. 11, 2009, 12:00 AM
Nick Zulovich
MILWAUKEE, Wis. — ARI announced recently that it acquired the assets of Powersports Outsourcing Group to add F&I products and services for its customers. Powersports Outsourcing Group, which is located in Schenectady, N.Y., has been offering outsourced F&I products to powersports, marine and ... [Read More]
Prestige Financial Doubles Credit Line
Tuesday, Jun. 9, 2009, 12:00 AM
Nick Zulovich
SALT LAKE CITY — Prestige Financial Services recently announced that a transaction with a pair of financial institutions has more than doubled a line of credit funding capacity. First, Prestige revealed that Bank of America Business Capital has joined a line ... [Read More]