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DriveTime Automotive Group was ordered to pay an $8 million penalty for making harassing debt collection calls and providing inaccurate credit information to credit reporting agencies.
Read More →A new study released by the American Financial Services Association finds bias and high error rates in the CFPB's proxy methodology for determining disparate impact.
Read More →In the third quarter of 2014, 30- and 60-day automotive-loan delinquencies grew 3.7% and 8.6%, respectively, from the previous year. The change was due to growth in subprime loans.
Read More →BMW dealers using Auto/Mate's DMS can now enjoy seamless bi-directional information exchange with BMW of North America's DMS Data Transfer system.
Read More →Land Rover and Toyota earned top honors during ALG's 15th annual Residual Value Awards, which looks at 26 vehicle segments and forecasts which will retain the highest percentage of MSRP value after three years.
Read More →At the NADA /J.D. Power Western Automotive Conference this week, NADA Chief Economist Steven Szakaly predicted that new-car and light truck sales will hit 16.94 million units in 2015.
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Brian Cosgrove was promoted to president of Preferred Warranties Inc. He brings nearly 30 years of experience to his new role.
Read More →Organizers of Compliance Summit 2014 said the inaugural event drew a large, engaged crowd to the Seminole Hard Rock Hotel and Casino in Hollywood, Fla., this week. The next regional event is slated for early next year in Texas.
Read More →CarFinance Capital and Flagship Credit Acceptance will be merged into one subprime auto finance source. The combined company, which will be managed Flagship CEO Michael Ritter, will have total assets in excess of $2 billion.
Read More →Westlake Financial Services has announced plans to open a new production center in Dallas to provide improved servicing for current dealerships and increase the finance source's dealer network.
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