GM Financial

GM Financial faces government, state probes over subprime loans, securities

5:49 pm U.S. ET | Oct. 23, 2014
GM Financial disclosed Thursday it is being investigated by “state attorneys general and other governmental offices” in connection with subprime auto loans and the sale of subprime auto loans in the form of asset-backed securities....
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GM says ratings upgrade will aid lending arm, support global sales push

12:34 am U.S. ET | Sept. 26, 2014
GM plans to leverage its return to investment grade, which could lower borrowing costs, by strengthening its lending arm, CFO Chuck Stevens said. GM was forced to sell control of its former GMAC lending arm to raise money, and it now has a smaller, more strategic, finance unit that is getting stronger....
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Lenders wary of feds' scrutiny

12:01 am U.S. ET | Aug. 11, 2014
The U.S. Department of Justice sent subpoenas to the two largest issuers of securities based on subprime auto loans, leaving other subprime lenders to wonder what the agency is looking for and who might be subpoenaed next....
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JAMES B. TREECE

GM Financial subpoena shifts investigation away from dealers

12:01 am U.S. ET | Aug. 6, 2014
When dealers saw headlines saying the U.S. Department of Justice had subpoenaed GM Financial ast month to produce documents relating to its subprime auto loan contracts, they could be excused for worrying that this represented another threat to their arranging car loans for consumers....
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Next at auctions: Multiple platform sales

12:01 am U.S. ET | Oct. 28, 2013
Listing used vehicles for sale simultaneously on multiple online remarketing platforms is the next big thing in used-vehicle wholesaling....
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