Press Releases
9:55 am U.S. ET | May 15, 2013
IRVING, TEXAS, May 9, 2013 – Exeter Finance Corp., a specialty auto finance company, announced the completion of its third rated term securitization, issuing $400,000,000 in notes backed by subprime automobile installment receivables.... Read More »
12:01 am U.S. ET | May 15, 2013
Arlington Heights, IL – American Auto Guardian, Inc. ("AAGI") announced a new leadership appointment designed to drive the company’s strategic initiatives. Tim Brugh has been named President of the Company effective May 10, 2013. Al Ranieri, the Company’s previous President is now AAGI’s Chairman of the Board.... Read More »
9:54 am U.S. ET | May 8, 2013
Ft Wayne, IN- May 8 , 2013 – VisionMenu, Inc. today announced the certified integration of its VisionMenu and VisionReport offerings with Dealertrack Technologies’ Dealer Management System (DMS).... Read More »
9:51 am U.S. ET | May 8, 2013
Lake Success, N.Y., May 2, 2013 ─ Dealertrack Technologies (Nasdaq: TRAK) today announced that the number of active lenders connected to its Dealertrack Credit Application Network now exceeds 1,300 lenders.... Read More »
12:01 am U.S. ET | May 1, 2013
Ontario, CA, April 22, 2013 -- CU Direct Corporation's CUDL brand (www.cudl.com), administrators of the largest auto lending service network for credit unions in the United States, consisting of over 1,060 credit unions and 9,400 auto dealers, has announced that it has expanded its operations into Canada.... Read More »
9:56 am U.S. ET | April 24, 2013
CHADDS FORD, Pa., April 22, 2013 /PRNewswire/ -- Flagship Credit Acceptance LLC ("Flagship"), a leading national indirect automobile finance company, today announced that it has completed an asset-backed securitization of $222 million of Notes in a transaction that closed on April 18, 2013.... Read More »
8:13 am U.S. ET | April 17, 2013
CENTENNIAL, Colo. -- (BUSINESS WIRE) -- CU Direct Connect (CUDC) announces that they experienced strong auto loan growth in the first quarter of 2013 and that they are proud to welcome a new credit union member to their credit union service organization.... Read More »
12:01 am U.S. ET | April 17, 2013
CRYSTAL LAKE, IL – April 15, 2013 – Automotive Compliance Consultants, leading automotive retail compliance experts, cautioned auto dealers today to heed the aggressiveness of the Consumer Financial Protection Bureau (CFPB) in its indirect, but very real review of automobile dealership financing practices.... Read More »
12:01 am U.S. ET | April 17, 2013
Prestige Financial Services Inc. has completed its eleventh and largest rated term securitization, issuing $350 million in securities backed by more than $353 million in automobile installment receivables. In a transaction led jointly by Wells Fargo Securities and J.P.... Read More »
12:01 am U.S. ET | April 17, 2013
Schenectady, NY (April 16, 2013) -- docSTAR, an award-winning developer of document management and content productivity software, is pleased to announce California auto dealer Galpin Motors has selected docSTAR as their document management system of record.... Read More »
12:01 am U.S. ET | April 10, 2013
LITTLETON, CO -- April 3, 2013 - PassTime, an industry leader in GPS tracking and Automated Collection Technology products, announced today that its next webinar session will focus on how PassTime programs can help credit unions grow loan portfolios.... Read More »
12:01 am U.S. ET | April 10, 2013
For some credit unions, the recipe for high auto loan volumes is a mix of strong relationships with dealers, fast response times and a dedicated staff.
Those were the findings from a white paper by the Ontario, Calif.-based CU Direct Lending Corp.... Read More »
12:01 am U.S. ET | April 10, 2013
DETROIT (April 4, 2013) -- Consumers across the U.S. have a basic understanding of personal finance concepts but know less about budgeting and saving, according to results of an Ally Wallet Wise financial literacy quiz. U.S.... Read More »
12:01 am U.S. ET | April 3, 2013
GRAPEVINE, Texas, April 1, 2013 /PRNewswire/ -- defi SOLUTIONS, the developer of a newly released cloud-based Loan Origination System (LOS), now offers convenient access to its system via mobile application for mobile devices like iPhone. The defi SOLUTIONS mobile application frees lender sales representatives from laptops by providing access to loan approval status and loan specifics.... Read More »
12:01 am U.S. ET | April 3, 2013
PHILADELPHIA (March 29, 2013) -- Attorneys in Ballard Spahr's Consumer Financial Services Group will host an April 16 webinar on the hottest regulatory issues facing the auto finance industry.... Read More »
12:01 am U.S. ET | April 3, 2013
IRVINE, Calif., April 1, 2013 /PRNewswire/ -- CarFinance Capital LLC announced that it has renewed and increased its warehouse credit facility from $200 to $300 million.... Read More »
8:05 am U.S. ET | March 27, 2013
ST. PAUL, Minn. -- (BUSINESS WIRE) -- Securian Financial Group introduced Major Auto Expense and Auto Insurance Deductible debt protection benefits as value-adds for new and existing debt protection programs offered by financial institutions.... Read More »
12:01 am U.S. ET | March 27, 2013
BERKELEY, CA (PRWEB) March 26, 2013 -- Berkeley-based fintech startup Shastic expanded its client base by 66% in the first quarter of 2013, adding new financial institutions totaling $11.2 billion in assets.... Read More »
12:01 am U.S. ET | March 27, 2013
San Pedro, CA (PRWEB) March 23, 2013 -- F&I Express is proud to announce that its automotive sales
ExpressTabletTM iPad® application for agents and providers was the winner of the first-ever Provider Innovator of the Year award.... Read More »
10:58 am U.S. ET | March 20, 2013
ATLANTA, GA (March 20, 2013) – BMO Harris Bank announced today that it has hired Anne Marie Zima to expand its dealership finance presence into four southern U.S. states. Anne Marie will be based in Atlanta, and she will be focused on the financial needs of auto dealers in Georgia, South Carolina, Louisiana and Texas.... Read More »
9:01 am U.S. ET | March 20, 2013
LOS ANGELES -- (BUSINESS WIRE) -- Westlake Financial Services, a full spectrum auto finance company, and Primeritus Financial Services announced their collaborative partnership today. Primeritus provides recovery management and skip tracing services to the automotive industry.... Read More »
8:57 am U.S. ET | March 20, 2013
DETROIT, March 15, 2013 /PRNewswire/ -- Ally Financial Inc. today announced that it has completed the renewal of $11 billionin credit facilities at both the parent company and at its banking subsidiary, Ally Bank , with a syndicate of 19 lenders. The secured facilities can be used to fund retail, lease and dealer floorplan automotive assets in the U.S.... Read More »
