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Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
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XpressCredit added General Acceptance Corp. of Fairfield, N.J., to its Web-based, indirect lending platform.
Read More →AppOne, a part of Wolters Kluwer Financial Services, announced Tuesday that Louisiana-based Pelican State Credit Union has joined its credit union platform.
Read More →GMAC Financial Services announced Friday that launched Ally Bank, the new brand for its U.S. online bank.
Read More →A legislative proposal heard this week by a U.S. House of Representatives subcommittee directs the Federal Trade Commission (FTC) to issue new rules that would have significant ramifications for the auto finance industry, says the chief federal government affairs official for the American Financial Services Association (AFSA).
Read More →RouteOne LLC completed integration with VertiSEL Inc., which offers programs to help consumers improve their credit eligibility.
Read More →FinCo Management unveiled its “BuyHere-PayTHERE” subprime financing solution, which is designed for credit-challenged customers who are able to provide down payments large enough to cover most or all of the actual cash value (ACV) of the unit.
Read More →Fitch Ratings assigns a revision rating and downgraded 14 classes from six AmeriCredit Automobile Receivables Trusts. The ratings remain on Rating Watch Negative.
Read More →The Leedom Group's two latest financial products, ACH Collector and the Leedom Convenient World Prepaid Visa Card, are now offered through Finance Express, a provider of Web-based dealer management systems and technology solutions for auto dealerships.
Read More →DealerTrack reported revenue of $55.7 million for the first quarter 2009, a drop from the $64.3 million recorded during the year-ago period. The company had a net loss of $5.6 million in the first quarter, compared to a net income of $2.3 million in the year-ago period.
Read More →Chrysler LLC announced a new slate of incentives worth up to $6,000 for new-vehicle purchases. The savings may be enough to convince car buyers to invest in the beleaguered OEM as it works its way through last week's Chapter 11 bankruptcy filing and an alliance with Italian automaker Fiat SpA.
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