WASHINGTON, D.C. — The Department of Treasury and the Federal Reserve Board officially announced the launch of the Term Asset-Backed Securities Loan Facility this morning, saying the program has the potential to generate up to $1 trillion of lending for businesses ... [Read More]

SYRACUSE, N.Y. —  XpressCredit announced its technology is now available to the USA Auto Loans network of dealers through a new partnership. USA Auto Loans specializes in connecting independent dealers with subprime and prime lenders, as well as other products that aid dealers. ... [Read More]

LAKE FOREST, Calif. — National Creditors Connection Inc. recently added three new national account managers to bolster the company's operations in the Northeast, Midwest and Southeast regions of the nation.  Katie Thibodeau, Ariel Lane and Keith Rowe will work to bring ... [Read More]

HOUSTON — There is finally some good news for dealerships and credit unions thanks to a new Auto Financial Group product that allows the companies to offer customers a new financing option which insures vehicle residual values. Auto Financial Group, an online ... [Read More]

NEW YORK — In its latest market analysis, Fitch Ratings shared its take on what 2009 will likely bring for auto finance metrics. Getting even more specific, Fitch took a close look at how some captive and non-companies are performing to ... [Read More]

SARASOTA, Fla. — CarBiz announced this week that it has successfully restructured its debt with a credit facility from Dealer Services Corp. of Indiana. DSC (of Indiana) purchased CarBiz's prior credit facility from SWC Services LLC, which is in bankruptcy in ... [Read More]

LAKE SUCCESS, N.Y. — In addition to reporting fourth quarter and full-year results, DealerTrack announced it is hosting a Webinar this Thursday to help lenders prepare for Red Flags regulations. Featured during this Webinar will be Randy Henrick, associate general counsel ... [Read More]

NEW YORK — Late Friday, GMAC Financial issued a statement about its headquarters location indicating that it has no plans to change its current home base. More specifically, the company said, "During the first decade of our 90-year history, GMAC was ... [Read More]

MINNEAPOLIS — Wolters Kluwer Financial Services announced that its CompliSource solution now includes new functionality to help finance companies and other lenders track pending legislation affecting the financial industry. More specifically, the new program has been added to CompliSource. CompliSource previously ... [Read More]

SALT LAKE CITY — In the face of current market challenges, Prestige Financial said it has taken several bold steps to help its partner dealerships increase sales and profitability in the growing niche of pre-discharge bankruptcy financing. According to officials, a ... [Read More]