FORT WORTH, Texas — AmeriCredit announced Monday that it is further reducing monthly auto loan originations to $100 million and closely monitoring its warehouse covenants in an effort to withstand the difficult operating environment and come through the other side. "With ... [Read More]

NEW YORK — While delinquencies on prime auto asset-back securities remained stable in September, subprime auto ABS delinquencies were a completely different story. Fitch Ratings announced today that that subprime delinquencies have reached an 11-year high, possibly paving the way for ... [Read More]

POWAY, Calif. — First Advantage CREDCO announced the integration of a new stacked credit report with RouteOne. The stacked credit report, which delivers separate credit reports from one, two or all three national credit bureaus in a single transaction, can help ... [Read More]

DAYTON, Ohio — Reynolds and Reynolds announced that Volkswagen Credit has adopted Reynolds' LAW(R) 553 Universal Retail Sale Contract for use in its consumer financing business, replacing its own proprietary form. More than 900 Volkswagen, Audi and Bentley dealerships in all ... [Read More]

WASHINGTON, D.C. — In order to clear up some confusion and allow creditors and financial institutions more time to implement their policies, the Federal Trade Commission announced Wednesday that it is pushing back the compliance deadline for the Red Flags Rule ... [Read More]

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]

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]