How is Obama Administration Impacting Auto Finance Market?
Thursday, Apr. 30, 2009, 12:00 AM
Nick Zulovich
MINNEAPOLIS — As President Obama passed the 100-day mark of his presidency this week, legal and compliance analysts from Wolters Kluwer Financial Services offered their perspectives on how his administration is impacting several aspects of the financial regulatory environment, including the ... [Read More]
NABD 2009 Coming Up Next Month
Thursday, Apr. 30, 2009, 12:00 AM
Nick Zulovich
HOUSTON — The National Alliance of Buy Here, Pay Here Dealers' 11th annual national conference will kick off next month with a focus on "New BHPH Profit Opportunities In the Current Environment." The educational program at NABD 2009 — scheduled for May ... [Read More]
NAF Association Unveils Conference Lineup
Thursday, Apr. 30, 2009, 12:00 AM
Nick Zulovich
HANOVER, Md. — The National Automotive Finance Association released the details of its 13th Annual Non-Prime Auto Finance Conference, which will be held June 3-5 at the Renaissance Worthington in Fort Worth, Texas. Basically, the conference will address the hurdles associated ... [Read More]
XpressCredit Expands Loan Origination System
Thursday, Apr. 30, 2009, 12:00 AM
Nick Zulovich
SYRACUSE, N.Y. – XpressCredit announced earlier this week that it has enhanced its loan origination system with a new customer information verification tool. Basically, FacTrack is designed to be a flexible feature that allows lenders to verify and cross-reference customer ... [Read More]
AmeriCredit Extends Warehouse Facility; Improves Credit Results, Balance Sheet
Tuesday, Apr. 28, 2009, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — Sharing the company's results for the period, AmeriCredit executives described the fiscal-year third quarter as "productive and successful." More specifically, the quarter included an amendment and extension to AmeriCredit's master warehouse credit facility, seasonal improvements in the company's ... [Read More]
First Advantage CREDCO Partners with Finance Express
Tuesday, Apr. 28, 2009, 12:00 AM
Nick Zulovich
POWAY, Calif. — First Advantage CREDCO announced Monday it has integrated its credit-based information solutions with Finance Express, a provider of online finance services and technology to independent dealers. As part of the partnership, First Advantage CREDCO will provide dealers with ... [Read More]
Acura Financial Services Makes Debut
Tuesday, Apr. 28, 2009, 12:00 AM
Nick Zulovich
TORRANCE, Calif. — In order to better meet the needs of its luxury brand's dealers and customers, American Honda Finance Corp. recently launched a separate financial services offering for Acura. According to officials, the introduction of Acura Financial Services is just ... [Read More]
Soft Sales Volumes, High Credit-Loss Provisions Impact Ford Credit’s 1Q Performance
Tuesday, Apr. 28, 2009, 12:00 AM
Nick Zulovich
DEARBORN, Mich. — Like many of its peers in the industry, Ford Motor Credit's first-quarter performance was negatively affected by credit restrictions as well as low consumer confidence and job losses through the country, according to the company. Specifically, in its preliminary quarterly ... [Read More]
ARA Teams with DRN to Help Recovery Agents Improve Returns for Lenders
Thursday, Apr. 23, 2009, 12:00 AM
Nick Zulovich
DALLAS — The American Recovery Association and Digital Recognition Network, which specializes in license plate recognition, announced this week that they have joined together for a three-year marketing and sales agreement. The agreement means ARA will utilize DRN's license plate recognition ... [Read More]
Zoombak Launches Referral Program that Offers Cash for New Customers
Thursday, Apr. 23, 2009, 12:00 AM
Nick Zulovich
NEW YORK — Zoombak recently announced the launch of its new Customer Referral Program, which is designed to reward customers for word-of-mouth marketing and to drive sales of its GPS locator technology. The company will send $25 in cash to customers ... [Read More]