NEW YORK — As part of becoming a bank holding company, GMAC Financial Services announced some changes to its board of directors, including the resignation of chairman J. Ezra Merkin. Pursuant to the Federal Reserve System's order, GMAC's Board will be ... [Read More]

PHOENIX — Officials from www.OnlineBKmanager.com recently broke down the number of bankruptcies awaiting discharge in each state. "We have been monitoring the steady growth of personal BK cases," said Robert Davies, president of www.OnlineBKmanager.com. "The good news is our dealer clients ... [Read More]

TULSA, Okla. — OAG Indirect, one of the nation's leading auto finance companies, announced that it has agreed to partner with Payless Car Sales to provide custom retail financing services to Payless Dealers in 48 states. "An alliance with Payless Car ... [Read More]

BANDON, Ore. — Early data from CNW Research indicates that auto loan approvals began to rebound in December after plummeting in October. "This marks the second month that auto lenders seem to have loosened the purse strings a bit," explained Art ... [Read More]

SOUTHFIELD, Mich. — Officials from Automotive Credit Corp., based in Michigan, reached out to SubPrime Auto Finance News late last week to report the company is thriving and expanding. In fact, Tony Stallworth, vice president of sales and marketing, said, "We ... [Read More]

MURRIETA, Calif. — Sekurus, the manufacturer of ON TIME, the patented starter interrupt system that ensures timely collection of customer car payments, recently announced the introduction of ON TIME FLEX XL, which is an upgraded version of its popular ON TIME FLEX ... [Read More]

For more information, visit www.vehiclefinanceconference.com. [Read More]

LANSING and DEARBORN, Mich. — Both General Motors and Chrysler announced this week that they are going national with their "Invest in America" credit union partnership to get more customers behind the wheels of domestic vehicles. GM announced Wednesday that it ... [Read More]

LOS ANGELES, Calif. — Nowcom recently announced the integration of the AutoCheck vehicle history reporting service from Experian Automotive into its Dealer Desktop auto dealer software solution. This integration allows Nowcom's independent dealers to run AutoCheck vehicle history reports on their ... [Read More]

POWAY, Calif. — Earlier this week, First Advantage CREDCO announced it is introducing a consumer information decisioning product called Credit Advantage to help dealers. Offered exclusively from First Advantage CREDCO, Credit Advantage delivers consumer data beyond essential credit scoring indicators, providing ... [Read More]