Former United Auto Credit & Westlake executive becomes SAFCO’s new chief risk officer
Tuesday, Nov. 26, 2024, 11:21 AM
Cox Automotive sells off another F&I tool as Vitu to acquire Dealertrack’s titling division
Monday, Nov. 25, 2024, 11:39 AM
CFPB examines carveouts in state data privacy laws for financial institutions
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Dealer Shares Expansion Story, Keys to Subprime Success
Thursday, Apr. 24, 2008, 12:00 AM
Nick Zulovich
ATLANTA — Nearly 20 years ago, Jerry Smith opened an independent dealership near Atlanta. Today, the store has grown into several stores, in addition to adding a separate finance company that not only finances its own subprime customers, but has actually ... [Read More]
Experian Helps Institutions with Red Flag Rules
Thursday, Apr. 24, 2008, 12:00 AM
Nick Zulovich
COSTA MESA, Calif. — Experian recently announced that many of its products and services support Red Flag rules compliance for a variety of institutions. Red Flag rules went into effect January 2008 as provisions of 2003's Fair and Accurate Transactions Act, ... [Read More]
Nowcom Launches Dealer Websites
Thursday, Apr. 24, 2008, 12:00 AM
Nick Zulovich
LOS ANGELES, Calif. — Nowcom Corp., a leading providers of dealer management solutions, recently announced the release of its newest used car dealer service, Dealer Websites. This new service, which includes easy to use inventory management, credit applications and a unique ... [Read More]
AmeriCredit Strikes Deal for $2 Billion Forward Purchase Commitment
Thursday, Apr. 24, 2008, 12:00 AM
Nick Zulovich
FORT WORTH, Texas. — In a move AmeriCredit's president and chief executive officer called positive, his company recently announced that it has entered into a one-year, $2 billion forward purchase commitment agreement with Deutsche Bank AG, Cayman Islands Branch. Under this ... [Read More]
VINtek Earns Partnership Honor from DCU
Tuesday, Apr. 22, 2008, 12:00 AM
Nick Zulovich
PHILADELPHIA — Digital Federal Credit Union recently named its 2007 Business Partnership Excellence Award, and earning the distinction for the third year in a row was VINtek. According to officials, businesses displaying high levels of quality of service are nominated by ... [Read More]
NAF Reduces Conference Registration Fees
Tuesday, Apr. 22, 2008, 12:00 AM
Nick Zulovich
HANOVER, Md. — The National Automotive Finance Association recently announced that it has lowered its registration fees for the upcoming 12th Annual Non-Prime Auto Financing Conference, which is to be held June 4 to 6. "Budgets, especially travel budgets, have been ... [Read More]
Red Flags Rule Publication Released
Tuesday, Apr. 22, 2008, 12:00 AM
Nick Zulovich
HANOVER, Md. — CounselorLibrary.com, which publishes auto finance and leasing legal compliance manuals, announced Monday that the first publication in a new series of compliance manuals is now available for purchase. The CARLAW Compliance Series is designed to help dealers tackle legal ... [Read More]
CUDL Reports on Credit Union Performance
Tuesday, Apr. 22, 2008, 12:00 AM
Nick Zulovich
RANCHO CUCAMONGA, Calif. — According to the recently released 2008 Auto Lending Business Intelligence Report from CU Direct Corp., credit unions' performance in the auto lending sector in 2007 was on par with those of banks and other lenders. A major ... [Read More]
CNW: Subprime Approvals Drop to Less than 2 Percent of Loans
Thursday, Apr. 17, 2008, 12:00 AM
Nick Zulovich
BANDON, Ore. — Subprime buyers, and the dealers trying to finance them, are finding it more difficult than ever to get approval for a new-vehicle loan, according to Art Spinella, of CNW Research. "For all levels of new-car shoppers — prime, near-prime ... [Read More]
CBA Announces New Bi-Annual Auto Finance Study
Thursday, Apr. 17, 2008, 12:00 AM
Nick Zulovich
ARLINGTON, Va. — The Consumer Bankers Association announced that it is now offering a bi-annual auto finance study, which covers benchmarks and statistics on indirect auto lending. Compiled by BenchMarch Consulting International, CBA officials call the ramped up version of the ... [Read More]