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Toyota Financial Announces Executive Leadership Appointments

The captive named Scott Cooks group vice president and chief risk officer and Cindy Wang group vice president of treasury.

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CUDL: Credit Unions Capitalizing on Bank Retreat

Credit unions and captives continued to take advantage of the pullback by banks in the second quarter. The message coming out of CU Direct (CUDL)’s Sept. 28 webcast is that credit unions need to act fast before banks reconfigure their strategies.

VW Credit Invests in AutoGravity

With its announced investment, Volkswagen’s captive finance company joins the automotive fintech firm’s mobile car shopping and financing platform. VW Credit also launched its own AutoGravity-powered smartphone app.

Maserati, Chase Sign Auto Finance Agreement

Chase will provide Maserati North America dealers with retail financing and leasing under the Maserati Capital USA brand. Chase will also provide commercial lending and treasury services to the high-end automaker's dealers.

ChannelNet Expands Into New York City, Austin, Texas

The firm helping finance sources like Toyota Financial Services and Ally connect with car buyers online has expanded into two major markets. Officials say the expansion will aid the firm’s efforts to further penetrate the financial services industry.

ChannelNet Renews Relationship With BMW Financial Services

The marketer now lists five of the Top 10 captives as users of its services, which include connecting brands to customers through a variety of online channels.

Toyota, Lexus Captives Recognize 10 Auction Sites

The captive finance companies for Toyota and Lexus recognized 10 auction sites with its 2012 Premier Auction Award. The awards were handed out this month to recognize high-performers in administration, operations, sales, and retention.