Ford Credit President Appointed AFSA Chair
The American Financial Services Association announced that John Noone, Ford Motor Credit Company president, was appointed AFSA 2011-2012 chair.
WASHINGTON — The American Financial Services Association appointed John Noone, Ford Motor Credit Company president, as the AFSA 2011-2012 chair during the association’s 95th annual meeting in Washington D.C.
During his one-year term, Noone will preside over the AFSA Board and Executive Committee meetings, serve as an ex-officio member of all the AFSA committees and represent the AFSA at industry and association-sponsored conferences and meetings. He has been a member of the association’s Board of Directors, Executive Committee and Vehicle Finance Division Advisory Board since 2009.
“The financial services industry is rebounding, but still faces many challenges,” Noone said. “I look forward to guiding the association as the industry navigates a new regulatory environment and as we continue working together to ensure a strong financial system that benefits consumers and other stakeholders.”
Noone joined Ford Credit in 1972 and is currently leading global efforts, focusing on strategy, business development and regulatory issues. He has held numerous staff and operations positions covering the North America, Asia Pacific and Africa, Europe and Latin America business segments. His previous roles included president of global marketing and sales, and president of Ford Credit International.
Noone currently serves on the boards of Ford Motor Credit Company, FCE Bank in Europe and Ford Automotive Finance Company (China). He also serves on the finance committee and board of directors of Lourdes Inc., a non-profit senior health services company based in Waterford, Mich.
More Auto Finance

Interest Rates Further Squeeze Auto Consumers
Last month’s hike and a potential second increase this month add to a growing list of inflation woes that could continue to dent overall car sales.
Read More →
Mind Your Process
Consistent steps taken in various aspects of the F&I office can make valuable differences over time, similar to an outline for a best-selling book.
Read More →
Top Five Credit Application Fraud Flags
Compliance audits regularly reveal bad habits that can lead to fraud charges and should have been stamped out decades ago.
Read More →
More Auto Loans for the Taking in August
Riskier categories were on the uptick for the month as lenders loosened access in several areas while balancing out the exposure in another, Cox Automotive reported.
Read More →
July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
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.
Read More →