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]

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]

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]

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]

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]

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]

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]

DETROIT — Now that GMAC is no longer linked exclusively to General Motors, it plans to grow its portfolio, moving from defense to offense. While plans are not set in stone, one opportunity the company plans to pursue is expanding ... [Read More]

FORT WORTH, Texas — As a part of AmeriCredit's growth plan, it announced its subsidiary, AmeriCredit Financial Services, is in the process of purchasing Long Beach Acceptance Corp., the near-prime auto finance subsidiary of ACC Capital Holdings. AmeriCredit Financial Services said ... [Read More]

Eden Prairie, Minn. — Van Wagenen Financial Services has teamed up with Lee & Mason of Maryland to provide insurance and tracking services to financial institutions. As a part of this partnership, both companies' sales forces will be combined into a ... [Read More]