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Finance & Insurance Press Releases

Team One Announces Agreement With OptionSoft Technologies To Provide F&I Software Suite

10:36 am U.S. ET, May 30, 2012

Scottsdale, AZ, May 29, 2012 -- Team One Research and Training has chosen OptionSoft Technologies, Inc. of Malta, New York to provide a proprietary software suite to deliver their Package Option™ F&I process to their network of F&I Product agents, product providers, and dealer clients.
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Santander Consumer USA Expands With Full-Spectrum Auto Lending

12:01 am U.S. ET, May 30, 2012

DALLAS, May 25, 2012 /PRNewswire/ -- Santander Consumer USA Inc. ("Santander"), an industry leader in auto financing, has expanded its Santander Auto Finance ...

Intersection Technologies, Inc. -- F&I Express Expands Leadership Team

12:01 am U.S. ET, May 30, 2012

San Pedro, CA (PRWEB) May 23, 2012 -- Intersection Technologies Inc., with its industry leading F&I Express aftermarket eContracting platform, announced t ...

Consumer credit scores for auto loans drop to near prerecession levels, according to Experian Automotive

12:01 am U.S. ET, May 30, 2012

SCHAUMBURG, Ill., May 29, 2012 /PRNewswire/ -- Experian Automotive today announced that average credit scores for consumers buying a vehicle have dropped to n ...

Auto Affordability Down Slightly In First Quarter, Comerica Bank Reports

8:40 am U.S. ET, May 23, 2012

DALLAS, May 21, 2012 /PRNewswire/ -- The purchase and financing of an average-priced new vehicle took 23.2 weeks of median family income in the first quarter ...

Mercedes-Benz Financial Services maintains position as an innovator in mobile technology

12:01 am U.S. ET, May 23, 2012

WASHINGTON, May 16, 2012 /PRNewswire/ -- Since establishing itself as an innovator in mobile technology with the introduction of an app for the Apple iPhone& ...

TransUnion: National Auto Loan Delinquencies Hit Lowest Level on Record

7:43 am U.S. ET, May 23, 2012

CHICAGO, IL--(Marketwire - May 23, 2012) - The national auto loan delinquency rate (the rate of borrowers 60 or more days past due) reached its lowest level s ...

LAW California F&I Library Launched by Reynolds and Reynolds and California New Car Dealers Association

12:01 am U.S. ET, May 23, 2012

DAYTON, Ohio, May 17, 2012 /PRNewswire/ -- The Reynolds and Reynolds Company and the California New Car Dealers Association (CNCDA) today announced the launch ...

Vets-Cars and Coastal Credit Establish Partnership to Provide U.S. Military Personnel with Trustworthy Single Stop Access to Quality Vehicles, Loans & Extended Service Coverage

12:01 am U.S. ET, May 16, 2012

East Haddam, Connecticut - 2 May, 2012 – Vets-Cars Group, a unique dealer association focused on promoting a bond of trust and commerce between select d ...

Fitch: Mean Reversion Expected in U.S. Consumer Loan Performance

12:01 am U.S. ET, May 16, 2012

NEW YORK--(BUSINESS WIRE)--Historically low loss rates on U.S. automobile and credit card loans reflect improved consumer financial health and previously tigh ...

CPS Announces New $100 Million Credit Facility

12:01 am U.S. ET, May 16, 2012

IRVINE, Calif., May 14, 2012 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq:CPSS) ("CPS" or the "Company") today announced that on May 11, 2012 ...

Consumer Credit Default Rates Decreased Further in April 2012 According to the S&P/Experian Credit Default Indices

12:01 am U.S. ET, May 16, 2012

NEW YORK, May 15, 2012 /PRNewswire/ -- Data through April 2012, released today by S&P Indices and Experian for the S&P/Experian Consumer Credit Defaul ...

Ally Financial Announces Key Strategic Actions to Strengthen Company and Accelerate Ability to Repay U.S. Treasury

12:01 am U.S. ET, May 16, 2012

DETROIT, May 14, 2012 (PRNewswire) --
...

GM Financial Reports March Quarter Operating Results

12:01 am U.S. ET, May 9, 2012

Mercedes-Benz Financial Services USA LLC Announces Executive Management Changes

12:01 am U.S. ET, May 9, 2012

FARMINGTON HILLS, Mich., May 8, 2012 /PRNewswire/ -- Mercedes-Benz Financial Services USA LLC today announced executive management changes at the company effe ...

Missouri Attorney General Koster reaches $60,000 settlement with vehicle extended service contract seller

12:01 am U.S. ET, May 2, 2012

Jefferson City, Mo. -– Attorney General Chris Koster said today that his office has reached a settlement with Carhill Enterprises, Inc. that will restru ...

Get 1.49% APR* Financing with PenFed's 'One Stop' Auto Shop Purchase Programs

12:01 am U.S. ET, May 2, 2012

ALEXANDRIA, Va., April 25, 2012 /PRNewswire/ -- Pentagon Federal Credit Union (PenFed) announced today that for a limited-time only, when a PenFed member purc ...

Credit Write-offs Lower By 50% from 2009, and New Credit is at Highest Point Since 2008, Equifax Reports

12:01 am U.S. ET, May 2, 2012

ATLANTA, May 1, 2012 /PRNewswire/ -- The credit landscape continues its consistent recovery heading into the second quarter of 2012, with the exception of hom ...

Ally Financial Reports Preliminary First Quarter 2012 Financial Results

12:01 am U.S. ET, May 2, 2012

NEW YORK, April 26, 2012 -- Ally Financial Inc. (Ally) today reported net income of $310 million for the first quarter of 2012, compared to a net loss of $206 ...

Get 1.49% APR* Financing with PenFed's "One Stop" Auto Shop Purchase Programs

11:35 am U.S. ET, April 25, 2012

ALEXANDRIA, Va., April 25, 2012 -- Pentagon Federal Credit Union (PenFed) announced today that for a limited-time only, when a PenFed member purchases their n ...

CarFinance Capital Extends National Footprint: Opens Texas Office

8:57 am U.S. ET, April 25, 2012

IRVINE, Calif., April 24, 2012 /PRNewswire/ -- CarFinance Capital LLC (http://www.carfinanc ...

US Auto Lease Volume Growing Rapidly as Consumers Return to Dealers' Lots

12:01 am U.S. ET, April 25, 2012
ATLANTA and NEW YORK, April 20, 2012 /PRNewswire/ -- New separate auto loan and lease data from CreditForecast.com, a leading provider of consumer credit data ...

BMW Lease Protection Program Greatly Reduces Lease-End Surprises as BMW Financial Services Continues to Improve on the Ultimate Lease Experience

12:01 am U.S. ET, April 25, 2012
Woodcliff Lake, NJ, April 23, 2012 – BMW Financial Services has taken the next step in offering its Ultimate Lease customer a smoother, less-stressful l ...

RouteOne Offers Free Windows Phone 7 App

12:01 am U.S. ET, April 25, 2012
FARMINGTON HILLS, Mich., April 23, 2012 /PRNewswire/ -- RouteOne announced today the availability of its free Windows® Phone 7 app, available now for ...

Provider Exchange Network (PEN) to Enable Aftermarket Product E-Contracting for AUL Products

12:01 am U.S. ET, April 18, 2012
Southfield, Mich., April 17, 2012 - Provider Exchange Network (PEN), a division of Open Dealer Exchange, LLC, announced integration with AUL to offer dealers ...

Vehicle Protection Association Supports Prosecution of Fraudsters

12:01 am U.S. ET, April 18, 2012
St. Louis, MO - April 11, 2012 - The Vehicle Protection Association (VPA), a not-for-profit trade association promoting regulatory transparency, education and ...

Consumer Credit Default Rates Decreased in March 2012 According to the S&P/Experian Credit Default Indices

12:01 am U.S. ET, April 18, 2012
NEW YORK, April 17, 2012 /PRNewswire/ -- Data through March 2012, released today by S&P Indices and Experian for the S&P/Experian Consumer Credit Defa ...

$300 Mobile Voucher for New BMW 3 Series Offered to BMW Financial Services Customers Through Ultimate Drive Smartphone App

11:30 am U.S. ET, April 11, 2012
WOODCLIFF LAKE, N.J., April 11, 2012 /PRNewswire/ -- The Ultimate Drive App for the iPhone and Android devices (www.ultimatedriveapp.com or www.facebook.com/ ...

Toyota Financial Services Asks Recent College Grads and Those Soon to Graduate, 'How would you spread the word about our $1,000 College Grad Rebate to your peers?'

12:01 am U.S. ET, April 11, 2012
TORRANCE, Calif., April 3, 2012 /PRNewswire/ -- Who better to generate ideas on marketing to recent college graduates (and those about to graduate) than recen ...

CarHop Comes to Wisconsin!

9:26 am U.S. ET, March 28, 2012
(Fitchburg, WI - March 20, 2012) - CarHop, one of the nation's largest sales and finance dealers, is excited to announce the opening of its first Wisconsin-ba ...

Ally Financial Announces Renewal of $15 Billion in Credit Facilities

8:44 am U.S. ET, March 21, 2012
DETROIT, March 19, 2012 /PRNewswire/ -- Ally Financial Inc. today announced that it has completed the renewal of $15 billion in credit facilities at both the ...

Consumer Credit Default Rates Decreased in February 2012 According to the S&P/Experian Credit Default Indices

8:44 am U.S. ET, March 21, 2012
NEW YORK, March 20, 2012 /PRNewswire/ -- Data through February 2012, released today by S&P Indices and Experian for the S&P/Experian Consumer Credit D ...

Fitch: Used Cars and Improved U.S. Employment Trends Boost U.S. Auto Loan/Leasing Sector

12:01 am U.S. ET, March 21, 2012
NEW YORK, March 16, 2012--(BUSINESS WIRE)--U.S. auto loan/lease credit performance continued its positive momentum in Q4'11, with strong used car prices and p ...

FTC Takes Action To Stop Deceptive Car Dealership Ads

11:06 am U.S. ET, March 14, 2012
March 14, 2012 -- Five car dealers around the country have agreed to Federal Trade Commission settlement orders that require them to stop running ads in which ...

A Special Reward for BMW Financial Services Users of 'The Ultimate Drive App' for iPhone and Android devices in Celebration of the Launch of the New BMW 3 Series

10:58 am U.S. ET, March 14, 2012
Woodcliff Lake, NJ - March 14, 2012… The Ultimate Drive App for the iPhone and Android devices (

Ally To Launch Vehicle Marketing Program to Support Dealers

11:43 am U.S. ET, March 7, 2012
DETROIT, March 7, 2012 -- Ally is launching a marketing program in March to help drive showroom traffic and increase new vehicle sales at General Motors- and ...

BMW Group Financial Services Builds Brand Loyalty for Lease-end Customers -- Launch of All-New Video Platform Enhances Consumer Peace-of-Mind.

9:31 am U.S. ET, March 7, 2012
Woodcliff Lake, NJ – March 6, 2012... As the first captive finance organization to offer lease-end video communications, BMW Group Financial Services br ...

First Associates Loan Servicing Selected to Service American Pegasus SPC

9:29 am U.S. ET, March 7, 2012
SAN DIEGO, March 6, 2012 /PRNewswire/ -- First Associates Loan Servicing, one of the country's fastest growing consumer loan servicers, will service loans for ...

CarFinance Capital Secures $200 Million Credit Facility

9:40 am U.S. ET, Feb. 29, 2012
IRVINE, Calif., Feb. 29, 2012 /PRNewswire/ -- CarFinance Capital LLC (http://www.CarFinance ...

GM Financial Reports December Quarter Operating Results

12:01 am U.S. ET, Feb. 22, 2012

...

Fitch: Consumer Drive for Autos Provides Banks Growth Opportunity

12:01 am U.S. ET, Feb. 22, 2012
NEW YORK, Feb. 16 --(BUSINESS WIRE)--Fitch believes U.S. banks have a chance to foster loan growth via their auto portfolios as consumer demand and sales of b ...

Auto Affordability Improves in Fourth Quarter 2011, Comerica Bank Reports

12:01 am U.S. ET, Feb. 15, 2012
DALLAS, Feb. 14, 2012 /PRNewswire/ -- The purchase and financing of an average-priced new vehicle took 23.1 weeks of median family income in the fourth quarte ...

AUL Corp. Partners with Ace Motor Acceptance for New 'BHPH in A Box' Program

12:01 am U.S. ET, Feb. 15, 2012
NAPA, Calif., Feb. 13, 2012 /PRNewswire/ -- AUL Corp., America's largest national provider of used car service contracts announces an expansion of the service ...

CUDL, Manheim's OVE.com and GE Capital Fleet Services To Launch Online Dealer Buying Network

12:01 am U.S. ET, Feb. 8, 2012
Las Vegas, NV, February 4, 2012 -- CUDL (www.cudl.com), administrators of the nation's larg ...

Dominion Dealer Solutions' Equity Alerts Chosen by Jaguar North America

12:01 am U.S. ET, Feb. 8, 2012
NORFOLK, Va.--(BUSINESS WIRE)--Dominion Dealer Solutions, industry leader in equity data mining, automotive marketing, CRM, lead generation, reputation and in ...

Manheim signs agreement to purchase Dealer Services Corporation

12:01 am U.S. ET, Feb. 1, 2012
ATLANTA -- January 27 -- To reinforce its commitment to provide inventory financing to independent dealers, Manheim has signed an agreement to purchase Dealer ...

SFG Finance Launches Loyalty Program, Forms Alliance with Subprime Analytics

12:01 am U.S. ET, Feb. 1, 2012
ARLINGTON, Texas - January 30, 2012 - SFG Finance, LLC, (http://www.sfgfinance. ...

Flagship Credit Acceptance announces new capital investment; renews and increases credit facility

12:01 am U.S. ET, Feb. 1, 2012
CHADDS FORD, PA - January 30, 2012 - Flagship Credit Acceptance, a national indirect automobile finance company, announced today that its controlling sharehol ...

E-Credit Express partners with Carleton, Inc. for Dealer Document Support and Compliant Lending and Leasing Calculations

12:01 am U.S. ET, Feb. 1, 2012
January 26, 2012 - E-Credit Express Inc, a patent-pending automated lender management platform (LMP), announced that E-Credit Express has integrated Carleton' ...

Ally Financial Named Preferred Finance Source for The Vehicle Production Group

12:01 am U.S. ET, Jan. 25, 2012
DETROIT, Jan. 23, 2012 -- The Vehicle Production Group LLC (VPG) selected Ally Financial as the preferred financing provider for VPG vehicles in the U.S. All ...

Mercedes-Benz Financial Services Receives Over $50 Million in Payments Via Mobile Channels

12:01 am U.S. ET, Jan. 25, 2012
NEW YORK, Jan. 19, 2012 /PRNewswire/ -- Since introducing its iPhone app giving customers the convenience to make payments anytime, anywhere just over two yea ...

CarFinance.com Launches to Empower Credit-Challenged Car Shoppers

10:14 am U.S. ET, Jan. 18, 2012
IRVINE, Calif., Jan. 17, 2012 /PRNewswire/ -- CarFinance.com (www.carfinance.com) lau ...

Toyota and Lexus Say 'Welcome Home' to Troops with Special Financing and Military Rebate Program

12:01 am U.S. ET, Jan. 18, 2012
January 9, 2012 - Torrance, Calif. – As tens of thousands of troops return from overseas deployments, Toyota and Toyota Financial Services (TFS), and Le ...

Consumer Delinquencies Fall In Most Categories In Third Quarter 2011

12:01 am U.S. ET, Jan. 11, 2012
WASHINGTON, Jan 5, 2011 – Consumer delinquencies fell in seven of eleven loan categories in the third quarter of 2011, with two categories – bank ...

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