Two more Hudson Cook partners are receiving accolades for their depth of knowledge and performance within consumer finance law. Hudson Cook partners Lucy Morris and Ryan Stinneford have been elected as Fellows of the American College of Consumer Financial Services Lawyers (ACCFSL). Membership in the ACCFSL is limited to those attorneys who have achieved preeminence […] [Read More]

Group 1 Automotive announced this week it has expanded its business presence in El Paso, Texas with the acquisition of new Audi and Subaru stores. And in other news to stem from top dealer groups, Penske Automotive Group’s board of directors has also reported it approved an increase in the cash dividend to $0.34 per share […] [Read More]

CarLotz has expanded beyond the borders of Virginia and North Carolina with the opening its first location in Florida on Monday. The Tampa store is the sixth location for the Richmond, Va.-based used-vehicle consignment business, which launched in 2011 and expanded from the Virginia capital city to Chesapeake, Va; Midlothian, Va.; Greensboro, N.C.; and Charlotte, N.C.. […] [Read More]

A pair of top-level executive changes unfolded at the Blue Oval this past week. Ford Motor Credit named Brian Schaaf as chief financial officer and treasurer. Currently, Schaaf is controller of Ford Motor Com. Global Purchasing. According to a news release, Schaaf will be responsible for Ford Credit financial planning, analysis, accounting and capital strategy. […] [Read More]

The most common vehicle repairs are changing the oil filter, the wiper blades and air filter, according to recent research highlighting the top 10 repairs vehicles undergo most often. The Car Care Council said Monday that research conducted by IMR examined repairs made by both vehicle drivers and repair service shops. The top 10 most common vehicle […] [Read More]

This year, GM Financial is expanding its volume footprint nationwide — recently opening distribution centers in the Detroit area, Maryland and New York — to help move more vehicles across Southeast and Midwest markets that wouldn't normally get as many off-lease returns, says GM Financial vice president of remarketing, auction operations John Sullivan. “So pretty much every one of […] [Read More]

Undoubtedly, Julio Jones likely would rather be preparing to play in the Super Bowl for the second consecutive year as a member of the Atlanta Falcons. But since his team lost in the NFL playoffs to the Philadelphia Eagles, which did advance to Super Bowl LII this coming Sunday in Minneapolis, Jones will instead be […] [Read More]

CoreLane Technologies, a provider of innovative transactional connectivity solutions for dealers and finance companies, on Monday announced that Automotive Credit Corp. will make the innovative CreditLane platform available to its network of dealers. Executives highlighted the CreditLane platform, which can integrate into the store’s dealer management system (DMS) and the finance company’s loan origination system […] [Read More]

GrooveCar recently highlighted credit unions from 14 different states joined its online vehicle buying program during the fourth quarter. GrooveCar, which provides credit union partners with continuous support services, market consulting, marketing collateral support to optimize communications with members and more, indicated that 17 credit unions joined during Q4, raising the 2017 total to 84. […] [Read More]

Well, here is an interesting twist, since probably the last thing that auto finance companies or dealerships feel if they’ve been contacted by the Consumer Financial Protect Bureau is that they’ve won the lottery. There have been several times that the CFPB has issued civil investigative demands (CIDs) alleging auto finance providers used deceptive practices, especially […] [Read More]