New ValidiFI report reinforces importance of spotting high-risk indicators of ACH transactions
Wednesday, Sep. 25, 2024, 11:10 AM
LegalShield: Spiking consumer financial stress 'not a fluke'
Thursday, Sep. 26, 2024, 11:32 AM
Survey: Despite notable lack of emergency funds, majority of Americans feel confident about handling unexpected expenses
Tuesday, Sep. 24, 2024, 10:28 AM
Prestige Financial, Wells Fargo Preferred Capital Extend Credit Relationship
Tuesday, Mar. 3, 2009, 12:00 AM
Nick Zulovich
SALT LAKE CITY — Prestige Financial announced that it has established a three-year senior secured line of credit with Wells Fargo Preferred Capital. The facility will replace an existing line of credit and support ongoing financing activities. WFPC will act both ... [Read More]
CarBiz, DSC of Indiana to Launch LHPH Program, More at NABD
Tuesday, Mar. 3, 2009, 12:00 AM
Nick Zulovich
SARASOTA, Fla. — CarBiz and Dealer Services Corp. of Indiana have partnered to launch a Lease-Here, Pay-Here program that can provide dealers with access to $100 million in new capital. The program will be formally launched during the National Alliance of ... [Read More]
UPDATED: Fed, Treasury Kick Off Process for First Round of TALF Funding
Tuesday, Mar. 3, 2009, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — The Department of Treasury and the Federal Reserve Board officially announced the launch of the Term Asset-Backed Securities Loan Facility this morning, saying the program has the potential to generate up to $1 trillion of lending for businesses ... [Read More]
XpressCredit Reveals Partnership with USA Auto Loans
Tuesday, Mar. 3, 2009, 12:00 AM
Nick Zulovich
SYRACUSE, N.Y. — XpressCredit announced its technology is now available to the USA Auto Loans network of dealers through a new partnership. USA Auto Loans specializes in connecting independent dealers with subprime and prime lenders, as well as other products that aid dealers. ... [Read More]
National Creditors Connection Adds 3 New National Account Managers
Thursday, Feb. 26, 2009, 12:00 AM
Nick Zulovich
LAKE FOREST, Calif. — National Creditors Connection Inc. recently added three new national account managers to bolster the company's operations in the Northeast, Midwest and Southeast regions of the nation. Katie Thibodeau, Ariel Lane and Keith Rowe will work to bring ... [Read More]
Auto Financial Group Launches Good News Campaign
Thursday, Feb. 26, 2009, 12:00 AM
Nick Zulovich
HOUSTON — There is finally some good news for dealerships and credit unions thanks to a new Auto Financial Group product that allows the companies to offer customers a new financing option which insures vehicle residual values. Auto Financial Group, an online ... [Read More]
Fitch Posts Negative Outlook for Auto Finance Industry; Looks at Specific Lenders
Thursday, Feb. 26, 2009, 12:00 AM
Nick Zulovich
NEW YORK — In its latest market analysis, Fitch Ratings shared its take on what 2009 will likely bring for auto finance metrics. Getting even more specific, Fitch took a close look at how some captive and non-companies are performing to ... [Read More]
CarBiz Gains New Credit Facility
Thursday, Feb. 26, 2009, 12:00 AM
Nick Zulovich
SARASOTA, Fla. — CarBiz announced this week that it has successfully restructured its debt with a credit facility from Dealer Services Corp. of Indiana. DSC (of Indiana) purchased CarBiz's prior credit facility from SWC Services LLC, which is in bankruptcy in ... [Read More]
GMAC Dispels Rumors about Headquarter Move
Tuesday, Feb. 24, 2009, 12:00 AM
Nick Zulovich
NEW YORK — Late Friday, GMAC Financial issued a statement about its headquarters location indicating that it has no plans to change its current home base. More specifically, the company said, "During the first decade of our 90-year history, GMAC was ... [Read More]
Wolters Kluwer Adds New Feature to Help Lenders Track Legislation
Tuesday, Feb. 24, 2009, 12:00 AM
Nick Zulovich
MINNEAPOLIS — Wolters Kluwer Financial Services announced that its CompliSource solution now includes new functionality to help finance companies and other lenders track pending legislation affecting the financial industry. More specifically, the new program has been added to CompliSource. CompliSource previously ... [Read More]