FTC’s Holyoak discusses debt collection when recapping regulator’s activities to reduce fraud
Monday, Nov. 11, 2024, 11:02 AM
Credit availability eases again in October
Wednesday, Nov. 13, 2024, 11:14 AM
TransUnion: LTVs above 120% for used cars have doubled in past 3 years
Tuesday, Nov. 12, 2024, 10:23 AM
AppOne, AmeriCredit Alliance Rolled Out Nationally
Monday, Jan. 8, 2007, 12:00 AM
Nick Zulovich
BATON ROUGE, La. — AppOne announced the national rollout of its strategic alliance with AmeriCredit. The alliance offers AmeriCredit the capability of receiving credit applications from more than 1,100 independent auto dealers within AppOne's quickly growing nationwide dealer network. These dealers ... [Read More]
ARA’s McCook to Speak at NABD Collection Conference
Thursday, Jan. 4, 2007, 12:00 AM
Nick Zulovich
DALLAS and HOUSTON — Les McCook, executive director of the American Recovery Association will participate in the National Alliance of Buy-Here, Pay-Here Dealers Collection Conference next week as a featured speaker. The conference is set for Jan. 10-11, 2007, at the ... [Read More]
AmeriCredit Completes Acquisition of Near-Prime Indirect Lender
Thursday, Jan. 4, 2007, 12:00 AM
Nick Zulovich
FORT WORTH, Texas — AmeriCredit recently announced that its subsidiary, AmeriCredit Financial Services, has completed its purchase of Long Beach Acceptance Corp., the near-prime auto finance subsidiary of ACC Capital Holdings. AmeriCredit Financial Services said it has acquired all outstanding capital ... [Read More]
Santander Completes Acquisition of Drive Financial
Thursday, Jan. 4, 2007, 12:00 AM
Nick Zulovich
DALLAS — Banco Santander Central Hispano announced the completion of its acquisition of Drive Financial Services. As indicated previously by company insiders, acquisition will have no impact on Drive's business. Drive will continue to originate loans across the entire subprime spectrum. ... [Read More]
NAF Association to Host Non-Prime Workshop
Thursday, Jan. 4, 2007, 12:00 AM
Nick Zulovich
HANOVER, Md. — The National Automotive Finance Association announced it is planning a workshop called "Financing in the Expanding Non-Prime Auto Market — What's Happening?" The daylong event will be held Jan. 17 in Dallas. The workshop will take place at AmeriCredit's ... [Read More]
J.D. Power: Credit Unions Increase Indirect-Lending Market Share
Tuesday, Jan. 2, 2007, 12:00 AM
Nick Zulovich
WESTLAKE VILLAGE, Calif. — Credit unions are becoming increasingly assertive in the indirect-lending market as they simplify the process for dealers, according to a recent J.D. Power and Associates study. J.D. Power's 2006 Consumer Financing Satisfaction Study found that credit unions ... [Read More]
MyAutoloan Launches Private Label Financing Platform, More
Wednesday, Dec. 13, 2006, 12:00 AM
Nick Zulovich
IRVING, Texas — In addition to other announcements, myAutoloan.com, an online auto-financing marketplace, said it has launched a private label financing platform called Powered By myAutoloan.com. The company also recently announced it teamed up with Thrifty Car Sales and sponsored a Front ... [Read More]
J.D. Byrider Honors Dealers
Wednesday, Dec. 13, 2006, 12:00 AM
Nick Zulovich
INDIANAPOLIS, Ind. — The owners of 14 J.D. Byrider franchises were recently recognized by the company for being top performers. The President's Awards were given out to the dealers during Byrider's annual conference in November. The awards recognize the top 10 ... [Read More]
Compli Introduces Updated Compliance Management System
Wednesday, Dec. 13, 2006, 12:00 AM
Nick Zulovich
PORTLAND, Ore. — Compli announced it has launched a new version of its compliance management system, which is designed to help dealers stay on top of industry requirements. The Compli Dealership Compliance Management System controls, tracks and automates regulatory compliance operations ... [Read More]
Finance Express Adds New Lender to Platform
Wednesday, Dec. 13, 2006, 12:00 AM
Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express, which provides Web-based financial services and technology to independent dealers, announced that Universal Special Auto Finance has joined its platform. "The strength of Universal Special Auto Finance rests on the strength of our business ... [Read More]