LAKE SUCCESS, N.Y. — In addition to reporting fourth quarter and full-year results, DealerTrack announced it is hosting a Webinar this Thursday to help lenders prepare for Red Flags regulations. Featured during this Webinar will be Randy Henrick, associate general counsel of the company. The event will cover: -What does the Red Flags Rule require for […] [Read More]

NEW YORK — Late Friday, GMAC Financial issued a statement about its headquarters location indicating that it has no plans to change its current home base. More specifically, the company said, "During the first decade of our 90-year history, GMAC was headquartered in New York City. For the past quarter-century, GMAC has headquartered its business in […] [Read More]

MINNEAPOLIS — Wolters Kluwer Financial Services announced that its CompliSource solution now includes new functionality to help finance companies and other lenders track pending legislation affecting the financial industry. More specifically, the new program has been added to CompliSource. CompliSource previously reported on enacted legislation only, but will now pair its technology with content from State […] [Read More]

SALT LAKE CITY — In the face of current market challenges, Prestige Financial said it has taken several bold steps to help its partner dealerships increase sales and profitability in the growing niche of pre-discharge bankruptcy financing. According to officials, a cornerstone of this initiative was the Open Bankruptcy Auto Finance Symposium held at Prestige's Salt […] [Read More]

CARY, N.C. — SubPrime Auto Finance News is proud to introduce a special March/April edition called "The SubPrime 60: The most influential businesses in the SubPrime Auto Finance Industry." While the feature is designed to cover the entire spectrum of companies serving this industry, unfortunately, space is limited. To get your company in the running, please […] [Read More]

BANDON, Ore. — Financial Institutions apparently are responding to public and congressional pressure to improve loan approvals, including auto loans, according to the latest analysis from CNW Research. While Congress did not offer much oversight when releasing TARP funds, the group was very vocal, calling financial leaders to the mat when the lending markets remained tight […] [Read More]

BROOKFIELD, Wis. — Fiserv announced this week that its loan servicing platform can now manage indirect and other third-party loans. This expansion is designed to broaden the full-spectrum of loans to be processed and can provide online, real-time back-office transactions for diverse portfolios. "Indirect lending was once considered the domain of auto dealerships, but most national […] [Read More]

VIENNA, Va. — This week Navy Federal Credit Union announced it has committed significant financial support to get consumers into new or used vehicles. More specifically, the financial institution has set aside $3.5 billion for these loans, which can be used to finance a new or used car purchase from any automaker. "Navy Federal is not facing the […] [Read More]

WOODCLIFF LAKE, N.J. — In an effort to drive consumer demand, BMW has launched a special finance payment program on select models in its lineup. Basically, BMW will take care of the first two payments (up to $750 per month/$1,500 maximum) on models financed via BMW Financial Services. This incentive is available on 18 different BMW vehicles, […] [Read More]

ALAMO, Calif. — Global Debt Network has expanded its auto loan transaction solution to include services for financial institutions and dealerships that originate recreational vehicle loans. The company is currently accepting motor home and towable recreational vehicles to be placed for sale and plans to introduce its powersport and water-sport platforms some time in the next few weeks. Additionally, it is […] [Read More]