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AppOne Launches New Platform for BHPH Dealers
Thursday, Feb. 5, 2009, 12:00 AM
Nick Zulovich
BATON ROUGE, La. — AppOne, a part of Wolters Kluwer Financial Services, announced yesterday that it has launched a new platform for buy-here, pay-here dealerships in conjunction with Global Debt Network's GDNAuto, which is an online marketplace where auto dealers, financial ... [Read More]
CBA Seeks New President
Thursday, Feb. 5, 2009, 12:00 AM
Nick Zulovich
ARLINGTON, Va. — In a statement released this morning, the Consumer Bankers Association announced that it is seeking a new president. Why? According to the group: "On Jan. 7 the Consumer Bankers Association lost its leader of more that 21 years. ... [Read More]
MarkOne Names General Manager
Thursday, Feb. 5, 2009, 12:00 AM
Nick Zulovich
JACKSONVILLE, Fla. — MarkOne Financial's Board of Directors recently named a new general manager. Taking on the position is Joe Giliberto. Bruce Newmark, MarkOne's managing director, said, "Joe's deep and relevant experience, enthusiasm and leadership will make significant contributions to growth ... [Read More]
AmeriCredit Cuts Credit Centers, More, In Response to Hard-Hitting Quarter
Tuesday, Feb. 3, 2009, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — Reporting second-quarter results, AmeriCredit announced that it is reducing the number of credit centers and continuing to trim originations in response to increased charge-offs, higher delinquency rates and lower recovery values at auction. Plainly speaking, Dan Berce, ... [Read More]
GMAC’s Bank Holding Status Impacts Its Relationship with GM Dealers
Tuesday, Feb. 3, 2009, 12:00 AM
Nick Zulovich
NEW YORK — While overall, GMAC officials appear thrilled to have gained bank holding status, which has opened up the level of credit spectrum the company can fund via the auto division, on the other side of the coin, it also ... [Read More]
Bankruptcies Continue to Mount
Tuesday, Feb. 3, 2009, 12:00 AM
Nick Zulovich
Alexandria, Va. — U.S. consumer bankruptcy filings increased again by double-digits in January over the same month in 2008. More specifically, filings jumped by 34.4 percent nationwide in January from the same period a year ago, according to the American Bankruptcy ... [Read More]
Mini Financial Hopes to Keep Young Generations Involved with iPod, iPhone Game
Tuesday, Feb. 3, 2009, 12:00 AM
Nick Zulovich
WOODCLIFF LAKE, N.J. — Mini Financial Services recently launched "Mini Liquid Assets," which is the financial arm's take on an old-school favorite. This game is available for download at no charge from the iTunes App store. "'Mini Liquid Assets' is a ... [Read More]
Ford Credit Cuts Staff in Response to Market Challenges
Thursday, Jan. 29, 2009, 12:00 AM
Nick Zulovich
DEARBORN, Mich. — Ford Motor Credit announced today that it is restructuring U.S. operations, which will result in a reduction of staff and agency positions of about 20 percent. Overall, about 1,200 positions will be eliminated, according to the company. These ... [Read More]
Westlake Financial Joins RouteOne
Thursday, Jan. 29, 2009, 12:00 AM
Nick Zulovich
LOS ANGELES — Westlake Financial Services announced the national rollout of its integration with RouteOne's credit application management system. The national rollout kicked off last week. Ian Anderson, president of Westlake Financial, explained that Westlake's integration with RouteOne is part ... [Read More]
Flexco Teams Up with IFS for Financing, More
Thursday, Jan. 29, 2009, 12:00 AM
Nick Zulovich
COLUMBUS, Ohio — Flexco Fleet Lease Exchange Co. announced it has engaged Innovative Funding Services to provide funding and other services for the employees of their client companies. Flexco said it provides a reliable remarketing outlet for companies who look to ... [Read More]