LOS ANGELES — As the challenges in the subprime mortgage market continue to play out, a new survey indicates that Americans shopping for car loans and other forms of credit are beginning to get nervous. The survey of 1,000 consumers was ... [Read More]

PORTLAND, Ore. — As part of Compli's effort to expand legal protections for dealerships nationwide, it recently announced it has teamed up with Venable to provide California stores with the latest regulatory, compliance-related training content available. Venable, which specializes in ... [Read More]

SYRACUSE, N.Y. — XpressCredit recently announced that non-prime lender Merrick Bank has joined its platform to help motorcycle dealers offer indirect loans to their customers.   Merrick Bank is a national non-prime leader in providing boat and RV loans, as well as ... [Read More]

HOUSTON — About 400 dealers and vendors descended on Houston earlier this week for the National Alliance of Buy-Here, Pay-Here Dealers Underwriting & Collections Conference. As usual, a variety of industry experts, finance professionals and dealers were on hand at the ... [Read More]

FARMINGTON HILLS, Mich. — Daimler Financial Services Americas announced Monday its plans to restructure its customer service, collections and remarketing operations of the Mercedes-Benz Financial sector in Westlake, Texas. Details of the plan include moving 180 positions of the Daimler Truck ... [Read More]

OSHAWA, ONTARIO — General Motors of Canada announced late last week it is offering several new deals for consumers. Included in these incentives are the following: —Coverage for a 1 percent GST reduction for cash/finance customers until the updated GST rate ... [Read More]

POWAY, Calif. — First Advantage CREDCO announced Monday it has partnered with software company Advent Resources. As part of this deal, the company is planning to use Advent Resources customer relationship management program in its prospector Internet, bankruptcy and lead operations. Officials note ... [Read More]

DETROIT — Comerica Bank released its Auto Affordability Index for the third quarter late last week and found that the relative cost for an average-priced new vehicle for families has increased, though only by a small margin, and that families are ... [Read More]

ATLANTA — L2C recently launched a new feature that can help auto lenders, according to the company. The function, Link2Credit Score, is designed to provide lenders better appraisal tools in determining risks of potential borrowers. The program, which has been available since ... [Read More]

LAKE SUCCESS, N.Y. — DealerTrack Holdings revealed its third-quarter financial results late last week and found that transactions processed are on the upswing, officials reported. The number of transactions processed increased to 23.8 million last quarter, hiking 26 percent from this ... [Read More]