LOS ANGELES and ALAMO, Calif. — Global Debt Network Automotive and CU Lending Solutions have formed a partnership that can allow credit unions to expand their reach into the auto lending business and manage their portfolio risk more efficiently. Basically, the ... [Read More]

SAN FRANCISCO, NEW YORK and McLEAN, Va. — As Wells Fargo Financial, Capital One Auto Finance and Chase Auto Finance recently released their third-quarter results, executives from these firms discussed how their companies have fared in light of challenges stemming from ... [Read More]

PHILADELPHIA —  VINtek announced Thursday that it added a nationwide lender as a new client, as the company has been chosen by Drive Financial to provide title-management services. "We selected VINtek as our new title management provider because of its record of accurately managing ... [Read More]

TORRANCE, Calif. — Toyota Financial Services has introduced a new credit card where everyday transactions can earn users points that can be put toward their next purchase at a Toyota dealership. Basically, when consumers use their Toyota Rewards Visa for anything from ... [Read More]

SARASOTA, Fla. — CarBiz reported significant growth in its second-quarter earnings report, as quarterly revenue was boosted heavily by the acquisition of several buy-here, pay-here credit centers. More specifically, revenue for the period was $8.78 million, a $7.84 million upswing from ... [Read More]

HANOVER, Md. — The National Automotive Finance Association recently announced the dates and location of its 13th Annual Non-Prime Auto Financing Conference. The event is scheduled for June 3-5, 2009 at the Renaissance Worthington Hotel in Fort Worth, Texas. "The NAF Association ... [Read More]

POWAY, Calif. — As dealers continue to prepare for the upcoming Red Flags Rule compliance deadline, First Advantage CREDCO announced that its recent online compliance seminar drew more than 920 registered participants and 1,000 total attendees. "You and The Red Flags ... [Read More]

NEW YORK — The economic uncertainty and growing unemployment levels have led auto sellers and servicers to keep a close eye on increasing auto loan delinquencies and take proactive steps to mitigate losses, Fitch Ratings explained this week. To discover what ... [Read More]

BIRMINGHAM, Ala. — About 2,600 dealers were recently impacted when Regions announced late last week that it will no longer support indirect auto loans, a company spokesperson explained to SubPrime Auto Finance News. As of Thursday, Regions has halted acceptance of ... [Read More]

ALAMO, Calif. — A California-based regional finance company with a portfolio of 1,058 seasoned prime auto loans valued at almost $26.9 million is hoping to sell its portfolio via Global Debt Network Automotive, the company announced. Although the seller has asked ... [Read More]