AFSA: Safety of conference attendees in New Orleans is ‘our top priority’
Friday, Jan. 3, 2025, 10:45 AM
Edmunds: Down payments for financed used cars edge higher in Q4
Friday, Jan. 3, 2025, 10:44 AM
FTC collaborates with AGs in Illinois & Maryland on dealer allegations & $20M settlement
Thursday, Jan. 2, 2025, 11:09 AM
Hudson Cook Adds Former FTC Counsel to Team
Tuesday, Oct. 2, 2007, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — Hudson Cook LLP, a leading provider of legal compliance services for the financial services industry, recently said it has added a new attorney to its team. Jean Noonan, managing partner of the Washington, D.C. office, announced that attorney ... [Read More]
MaximTrak Partners with Universal Warranty
Tuesday, Oct. 2, 2007, 12:00 AM
Nick Zulovich
WAYNE, Pa. — MaximTrak, an F&I menu system provider, recently announced that it has launched a real-time integration partnership with the Universal Warranty Corp., which is a subsidiary of Motors Insurance Corp. The integration partnership is designed to allow dealers to ... [Read More]
World of Special Finance Purchased
Tuesday, Oct. 2, 2007, 12:00 AM
Nick Zulovich
TORRANCE, Calif. — The magazine, World of Special Finance, and its related conference and other assets have been acquired by Bobit Business Media, it was announced recently. World of Special Finance LLC, a Michigan-based entity owned by Rick and Cindy ... [Read More]
BMW Financial Launches Non-Captive Lending Direct-to-Consumer
Tuesday, Oct. 2, 2007, 12:00 AM
Nick Zulovich
WOODCLIFF LAKE, N.J. — To mark the company's entry into the direct-to-consumer lending business, BMW Group Financial Services announced today the launch of www.up2drive.com, an auto financing site that features loan services designed to empower the consumer in the car buying and ... [Read More]
France Joins Triad Financial
Thursday, Sep. 27, 2007, 12:00 AM
Nick Zulovich
HUNTINGTON BEACH , Calif. — Triad Financial Corp. recently announced that Scott France, a former AmeriCredit executive, has been named senior vice president of portfolio management. In this position, officials said France will head up Triad's efforts to optimize portfolio performance ... [Read More]
Delinquency Bulletin: Subprime Mortgage Downfall Appears Contained
Thursday, Sep. 27, 2007, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — The American Bankers Association's Consumer Credit Delinquency Bulletin found that late payments for indirect auto loans were up slightly for the second quarter. These delinquencies increased to 2.77 percent from 2.73 percent. Meanwhile, direct auto loan delinquencies ... [Read More]
Part 2: What BHPH Operators Should Learn from Subprime Mortgage Crisis
Thursday, Sep. 27, 2007, 12:00 AM
Nick Zulovich
HOUSTON — About 30 days ago, I wrote an article about some of the lessons buy-here, pay-here operators should learn from the recent subprime mortgage meltdown. I received numerous comments relating to this article, and several respondents offered additional insights, which ... [Read More]
CarBiz Promotes Halloran to VP of Finance
Thursday, Sep. 27, 2007, 12:00 AM
Nick Zulovich
SARASOTA, Fla. — Carl Ritter, chief executive officer of CarBiz, recently announced the promotion of Jennifer Halloran to vice president of finance. Halloran previously served as controller for CarBiz, where she has been employed since 2000 in accounting, human resource administration ... [Read More]
Wolters Kluwer Financial Services, Automotive Dealer Resources Partner
Tuesday, Sep. 25, 2007, 12:00 AM
Nick Zulovich
MINNEAPOLIS — Earlier this week, Wolters Kluwer Financial Services announced that Automotive Dealer Resources will expand its product offerings with its preprinted retail sales installment contracts. Automotive Dealer Resources specializes in providing independent dealers and associations with access to a ... [Read More]
XpressCredit, SEADRA Team Up for Rent-to-Own Expansion
Tuesday, Sep. 25, 2007, 12:00 AM
Nick Zulovich
SYRACUSE, N.Y. — XpressCredit announced that it has joined forces with Southeast Auto Dealers Rental Association to expand services to dealers providing long-term rentals with the option to own. Officials said the company's partnership with SEADRA is designed to allow ... [Read More]