The Industry's Leading Source For F&I, Sales And Technology

Finance

2001  -  2025  of  2049

April 28, 2009 - Industry News

XpressCredit Adds Customer Verification Tool to Loan Origination System

XpressCredit added a customer information verification tool, FacTrack, to its loan origination system.

Tags: XpressCredit

April 27, 2009 - Industry News

NAE and NWAN Strike Partnership With Service Payment Plan Inc.

National Automotive Experts (NAE) and National Warranty Administration Network (NWAN) have struck a partnership with Service Payment Plan Inc. (SPP), a Chicago-based financing company that offers an interest-free payment plan option for service contract purchasers.

Tags: NAE, Service Contracts

April 27, 2009 - Industry News

First 100 Days of Obama Administration Pave Road for More Regulation

The first 100 days of President Barack Obama’s administration have been marked by much pressure to address the financial crisis, help the U.S. economy, and establish regulatory reform. Wolters Kluwer Financial Services’ compliance experts agree that development alone has already changed the mood within the financial services industry.

Tags: Finance, Wolters Kluwer Financial Services

April 24, 2009 - Industry News

First Quarter Snapshot: Captives and Non-Captives Report Lower 1Q Losses

The auto finance industry struggled through the first quarter of this year, but several companies reported lower losses compared to the fourth quarter 2008.

Tags: AmeriCredit, BMW Financial Services, Capital One Auto Finance, Finance, Ford Credit, General Electric, JP Morgan Chase, Wells Fargo

April 23, 2009 - Industry News

Honda Launches Acura Financial Services

American Honda Finance Corp. (AHFC) launched Acura-branded financial services to better satisfy the needs of Acura dealers and customers.

Tags: Honda Financial Services

April 23, 2009 - Industry News

LeaseCompare.com Offers Consumers Guaranteed Car Payment Program

LeaseCompare.com, a provider of online direct-to-consumer auto leasing and financing, launched a program to keep customers in their vehicles if they lose their job.

Tags: pink-slip protection

April 21, 2009 - Industry News

VINtek Meets Record Demand for Lien Perfection Requests by Lenders

VINtek, a provider of automotive collateral management services and direct auto finance solutions for banks, credit unions and other automotive finance lenders, processed a record number of lien applications in the first quarter 2009.

Tags: lien applications, VINtek

April 21, 2009 - Industry News

ACS Financial Integrates With XpressCredit and RouteOne

ACS Financial (ACS) and XpressCredit agreed to allow seamless export of credit applications from ACS to its finance sources on RouteOne.

Tags: Credit Applications, RouteOne, XpressCredit

April 21, 2009 - Industry News

Survey Shows Economy Impacting Americans’ Daily Financial Decisions

While Americans say they understand financial basics and monitoring budgets, they may not be doing enough to save or protect their financial future, according to a survey of America’s “financial IQ” by Capital One Financial Corporation.

Tags: Capital One Auto Finance

April 21, 2009 - Industry News

BMW Group’s Up2Drive.com Teams With Kelley Blue Book

BMW Group Financial Services of North America said last Friday that up2drive.com, its auto financing Website, was selected by Kelley Blue Book as its exclusive online lender for the kbb.com Website.

Tags: BMW Financial Services, Kelley Blue Book

April 14, 2009 - Industry News

More Than 700,000 Credit Applications Rejected in 1Q, Says CNW

Despite sales being off by nearly 40 percent from the first three months of last year, credit-application rejections increased 329 percent from the same period last year, according to CNW Research.

Tags: CNW, Credit Applications, near prime financing, prime financing, subprime

April 14, 2009 - Industry News

Wachovia Dealer Services Joins Wolters Kluwer's AppOne Platform

AppOne, a part of Wolters Kluwer Financial Services, announced today that Wachovia Dealer Services, a Wells Fargo Company, has joined the AppOne platform.

Tags: Wolters Kluwer Financial Services

April 13, 2009 - Industry News

RouteOne and DealerCentric Integration Eases Online Credit App Process

RouteOne LLC announced last Friday it completed integration with DealerCentric, a software provider for auto dealers.

April 9, 2009 - Industry News

Average Interest Rate Falls to 3.17 Percent, Reports Federal Reserve

The average interest rate for new-car loans dropped sharply in February, while the amount financed increased, according to the latest Federal Reserve Statistical Report.

Tags: average term, Federal Reserve, Finance, interest rates, loan-to-value ratio

April 9, 2009 - Industry News

Westlake Financial Enters Louisiana Market

Westlake Financial Services announces its expansion into the Louisiana market, bringing the number of states it operates in to 36. Contracts for Louisiana will be accepted starting April 20, 2009.

Tags: Westlake Financial Services

April 9, 2009 - Industry News

Automotive Banking Solutions Launches Subprime Credit Portal

Dealer consulting and services provider Automotive Banking Solutions has launched a new credit portal designed specifically to connect dealers with financing sources for credit-challenged customers.

Tags: credit-challenged, special finance

April 7, 2009 - Industry News

Ford Reduces Debt by $9.9 Billion; Liquidity Remains a Concern

Ford Motor Company announced Monday the completion of debt restructuring initiatives that will reduce its debt by $9.9 billion from $25.8 billion. The move was viewed as a positive step, although ratings agencies believe Ford’s fundamental business risks remain unchanged.

Tags: Ford, Ford Credit

April 7, 2009 - Industry News

Dow Louisiana Federal Credit Union Joins Wolters Kluwer AppOne Platform

AppOne, a part of Wolters Kluwer Financial Services, announced Monday that Dow Louisiana Federal Credit Union (DLFCU) is the first lender to join AppOne’s credit union platform.

Tags: credit unions, Wolters Kluwer Financial Services

April 7, 2009 - Industry News

Triad Financial Names Stephen Smith to Oversee Third-Party Servicing Efforts

Triad Financial appointed Stephen Smith to oversee the company’s third-party servicing efforts. In his role as director of portfolio servicing, Smith will manage Triad’s business development initiatives, client relations and the daily operations of servicing clients’ consumer vehicle loans.

Tags: Triad Financial

April 6, 2009 - Industry News

Kia Motors America Secures $305 Million in Financing

Kia Motors America (KMA) announced last Thursday that it successfully closed a $305 million revolving credit line with three U.S. lenders.

April 1, 2009 - Industry News

GMAC Eases Dealer Finance Charges and Expands Retail Credit to Promote Auto Sales

GMAC Financial Services will temporarily ease wholesale finance charges for dealers and earmark $5 billion for consumer auto loans over the next 60 days, in an attempt to reduce the stress on U.S. auto dealers and expand the credit available to retail customers.

Tags: GMAC Financial Services

March 31, 2009 - Industry News

100 Bank Failures Expected By the End of 2009, Financial Credit Rating Firm Predicts

While the fourth quarter 2008 was tough for the banking industry, the financial conditions of commercial banks and savings and loans are expected to further deteriorate in 2009 and the first part of 2010, according to Barron Putnam, president of LACE Financial Corporation, a provider of credit rating services.

March 25, 2009 - Industry News

CUDL and Kia Motors America Enter New Partnership

CUDL, which administers a point-of-sale and indirect auto-lending network for credit unions, has partnered with Kia Motors America (KMA) to provide credit union members with discounts on new vehicle purchases.

Tags: credit unions, CUDL, Kia

March 24, 2009 - Industry News

Pink-Slip Protection Driving Sales, Says CNW Research

Data continues to show that debt-protection programs, such as the Hyundai Assurance Program, are doing more than just simply driving sales, reported CNW Research in March.

March 24, 2009 - Industry News

Ford Credit Doubles Cash Offer to Purchase Ford Debt

Ford Motor Credit Company said it will take a bigger chunk out of Ford Motor Company’s $2.2 billion in term loan debt by increasing last week’s $500 million pledge to $1 billion.

Tags: Ford, Ford Credit