Exeter Finance is changing hands from one investment firm to another that already has a robust automotive portfolio. The finance company that specializes in the subprime market announced on Monday that it has entered into a definitive agreement to be ... [Read More]

Jack Tracey was a man I looked up to — literally and figuratively. Likely similar to scores of other industry executives, I was jarred this week to learn of the passing of Jack Tracey, a founder and the only executive ... [Read More]

The National Automotive Finance Association said one of its founders and the only executive director it's ever had passed away earlier this week. The NAF Association confirmed in a statement on Friday that Jack Tracey passed away on Monday after ... [Read More]

DriveItAway has a new institutional investor. The platform that offers dealerships the chance to provide cash-strapped customers the opportunity to secure a vehicle via its rent-to-own technology announced this week that Knightsgate Ventures — a leading venture capital firm focused ... [Read More]

Lendbuzz is striving to modernize what it contends is an “outdated” auto-finance industry, with a focus on serving consumers who have thin or no credit history in the United States. And its drive toward that modernization got quite a financial ... [Read More]

Even when finance companies helped their customers with installment payment accommodations during the worst of the pandemic, providers oftentimes still saw funds following into their collection baskets. That’s one of the conclusions from a new TransUnion study that found the ... [Read More]

The Consumer Financial Protection Bureau is taking another deeper look at industry activities and the Military Lending Act (MLA) that one compliance expert said that it “bears watching.” Last week, the CFPB issued an interpretive rule that explains the basis ... [Read More]

You might have noticed it’s been a little more difficult to get your potential buyer’s deal bought by your network of finance companies. The newest Dealertrack Auto Credit Availability Index showed just how much of a pinch in paper funding ... [Read More]

The high-level executive changes at Credit Acceptance continued this week. About three months after chief executive officer Brett Roberts announced his retirement, the subprime auto finance company said through a filing with the Securities and Exchange Commission that chief legal ... [Read More]

EFG Companies announced three new additions to its national field team, tapping professionals who have experience at places such as Cox Automotive, dealerships and academia. According to a news release distributed this week, Jay Gordon, former director of enterprise accounts ... [Read More]