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Special Finance Convention Details
Thursday, Jul. 31, 2008, 12:00 AM
Nick Zulovich
SARASOTA, Fla. — During the reception on Monday evening of the 2008 Special Finance Convention, which will be held in Dallas Aug. 17 to 19, an awards ceremony for the inaugural group of inductees into the Special Finance Hall of Fame ... [Read More]
Southern Auto Finance Co. Names Former Ford Credit Exec as President
Tuesday, Jul. 29, 2008, 12:00 AM
Nick Zulovich
FORT LAUDERDALE, Fla. — Southern Auto Finance Co. announced late last week that its board of directors has named Brian Switalski as company president. In this role, he will be responsible for executing the Company's day-to-day business activities. Switalski, a seasoned ... [Read More]
Peak5 Announces New Senior VP of Ops
Tuesday, Jul. 29, 2008, 12:00 AM
Nick Zulovich
CENTENNIAL, Colo. — Peak5 recently announced the addition of a new senior vice president of operations. Taking on this role is Todd Klem. Klem has extensive experience managing call center and collection processes over the last 20 years. He most recently ... [Read More]
Westlake Financial Extends National Footprint, Realigns Origination Departments
Tuesday, Jul. 29, 2008, 12:00 AM
Nick Zulovich
LOS ANGELES — Westlake Financial Services announced it has expanded into three additional states, including North Dakota, South Dakota and Montana. With these three new states, Westlake said it will now originate auto loan contracts in 34 states throughout the United ... [Read More]
Subaru Dealers Gain New GAP Product for Customers
Tuesday, Jul. 29, 2008, 12:00 AM
Nick Zulovich
CHERRY HILL, N.J. — Subaru and Subaru Motors Finance recently announced the launch of a new GAP product for franchised dealers. Subaru Equity Shield is a product designed to protect Subaru customers against unforeseen losses. It is distributed through Subaru ... [Read More]
Ford Credit Hit with Steep Charge on Lease-End Residuals
Thursday, Jul. 24, 2008, 12:00 AM
Nick Zulovich
DEARBORN, Mich. — Ford Motor Credit completed its North America operating lease review over the second quarter and reported today that it is taking a hefty hit after discovering that lease-end residual values will likely be significantly lower than previously expected ... [Read More]
Toyota Financial Services Shuffles Management
Thursday, Jul. 24, 2008, 12:00 AM
Nick Zulovich
TORRANCE, Calif. — Toyota Financial Services announced three major senior executive moves earlier this week, in additional to naming a new chief information officer. All changes are slated to take effect July 28. After nine years of leading the company's finance ... [Read More]
Former GMAC Counsel Joins Hudson Cook
Thursday, Jul. 24, 2008, 12:00 AM
Nick Zulovich
HANOVER, Md. — Hudson Cook LLP recently announced the addition of Thomas Buiteweg as a partner at the firm's Ann Arbor, Mich., office. Buiteweg will focus his practice on federal and state consumer financial services laws, with particular emphasis on automotive financing. ... [Read More]
Former Drive Financial Execs Leverage Experience to Re-Enter Marketplace with New Subprime Lender
Thursday, Jul. 24, 2008, 12:00 AM
Nick Zulovich
DALLAS — In an exclusive interview with SubPrime Auto Finance News, Inspire Auto Finance, a subprime auto finance lender, announced its entry into the market. The management team spent 18 months developing a custom technology solution and reworking its subprime lending ... [Read More]
AppOne Adds New Finance Source to Platform
Tuesday, Jul. 22, 2008, 12:00 AM
Nick Zulovich
BATON ROUGE, La. — AppOne, a part of Wolters Kluwer Financial Services, announced late last week that Bank of the Ozarks, an Arkansas-based bank that offers commercial equipment financing and leasing through Bank of the Ozarks Leasing, has joined AppOne's lender ... [Read More]