CENTENNIAL, Colo. — Top executives from Peak5, AmeriCredit, FirstCity and ConnectionInsights will be featured in an upcoming Webinar hosted by the American Financial Services Association called "Is Now the Time to Consider Outsourcing?" AFSA shared a bit of history about the ... [Read More]

WASHINGTON, D.C. — The average interest rate on a new-car loan at auto finance companies appears to be climbing, while maturity length is declining, according to the latest preliminary data from the Federal Reserve. More specifically, the Fed found that the ... [Read More]

NEW YORK — In its latest report, in addition to looking at the significant performance decline in the overall auto asset-backed securities market, Fitch Ratings said that auto-related ABS, including auto loans, lease/rental, floor plan, motorcycle and truck loans, showed a ... [Read More]

DALLAS — The purchase of an average-priced new vehicle took even more weeks of income in the fourth quarter of 2008. In response, consumers are adjusting the types of vehicles they are looking for. More specifically, Comerica Bank's Auto Affordability index ... [Read More]

COLUMBIA, Md. — Credit Management Solutions, a leading provider of credit automation systems for all types of consumer lending, announced this week that Exeter Finance Corp. has expanded its use of the CMSI's Origenate credit processing system to support the growth ... [Read More]

COLUMBUS, Ohio — The Ohio Department of Development's Office of Community Services, along with the statewide organization Finance Fund, have introduced the "Cars for Jobs and Diplomas" program. This new initiative is an effort to provide affordable used-car financing and ... [Read More]

CORNELIUS, N.C. — In an exclusive interview with SubPrime Auto Finance News, the former head of Summit Acceptance, which was ultimately sold to Capital One Auto Finance, announced he is re-entering the subprime business as the chief executive officer of a ... [Read More]

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]

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]

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]