Federal & state regulators revisit elder financial exploitation
Tuesday, Dec. 10, 2024, 10:32 AM
S&P Global Ratings offers 2025 forecast, answers worldwide economic questions
Monday, Dec. 9, 2024, 11:18 AM
PODCAST: Experian connects vehicle collateral quality with defaults
Friday, Dec. 6, 2024, 10:41 AM
NAF Association, NADC to Host Workshops
Tuesday, Aug. 7, 2007, 12:00 AM
Nick Zulovich
HANOVER, Md. — The National Automotive Finance Association and the National Association of Dealer Counsel announced they will hold educational sessions in September and October. The NAF Association will present a half-day workshop Sept. 23 at the Millennium Hotel in ... [Read More]
ABA Encourages Bankers to Help Teens Learn Credit Lessons
Tuesday, Aug. 7, 2007, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — The American Bankers Association is encouraging bankers to participate in the fifth annual Get Smart About Credit Day, which brings banking professionals into schools to help teens learn valuable credit lessons. The event will be held Oct. ... [Read More]
DealerTrack Acquires AutoStyleMart
Thursday, Aug. 2, 2007, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — DealerTrack announced Wednesday that it has purchased AutoStyleMart, which is a provider of on-demand software solutions that offers dealers the ability to procure, manage and sell vehicle accessories. Executives said the new company acquisition was designed ... [Read More]
White River Shares 2Q Results
Thursday, Aug. 2, 2007, 12:00 AM
Nick Zulovich
INDIANAPOLIS — White River Capital, a special auto finance company that acquires subprime receivables from franchised and independent dealers, announced that net income for the second quarter was $1.7 million, down from $3.6 million in the same period last year. The ... [Read More]
GMAC: Used-Vehicle Originations Up 50 Percent Over Last Year
Thursday, Aug. 2, 2007, 12:00 AM
Nick Zulovich
NEW YORK — GMAC Financial Services reported second-quarter net income of $293 million, compared to $787 million in 2006. According to officials, strong performance in GMAC's global automotive finance and insurance businesses offset losses in the real estate finance business. GMAC's ... [Read More]
Ford Credit Offers Reasons for Lower 2Q Net Income
Thursday, Aug. 2, 2007, 12:00 AM
Nick Zulovich
DEARBORN, Mich. — Ford Motor Credit announced net income of $62 million in the second quarter, down $242 million from earnings of $304 million a year earlier. The decrease in earnings primarily reflected higher borrowing costs, lower credit loss reserve reductions, ... [Read More]
Car-Buy-Her Helps Dealers Reach Out to Women
Tuesday, Jul. 31, 2007, 12:00 AM
Nick Zulovich
ATLANTA — Although women have a lot of power when it comes to purchasing vehicles, there are not a lot of resources specifically geared to help females feel comfortable with process of buying a car, explained Sheronde Glover, founder and ... [Read More]
Fed Reports on Credit Trends, Vehicle Sales, More
Tuesday, Jul. 31, 2007, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — Among other trends, the Federal Reserve discovered that household credit decreased marginally since its last report. In fact, several districts observed higher delinquencies on mortgages and other consumer loans. For example, New York, Richmond, Chicago, Kansas City ... [Read More]
Ristken Integrates Protective’s Rates into MenuPro
Tuesday, Jul. 31, 2007, 12:00 AM
Nick Zulovich
DALLAS — Ristken Software Services announced it has integrated rates from the Asset Protection division of Protective Life Corp. into its MenuPro product. The move was done to offer dealerships direct access to Protective's rates, in addition to rates from ... [Read More]
Capital One Financial Reveals Car-Buyer Study Results
Tuesday, Jul. 31, 2007, 12:00 AM
Nick Zulovich
MCLEAN, Va. — As summer is in full swing, teens and young adults throughout the country are preparing to make the single largest purchase of their young lives — their first car. In its annual Rules of the Road survey, ... [Read More]