On Monday Capital One announced that the finance company provided a $23 million floorplan line of credit to Johnny Londoff Chevrolet, a second-generation family owned dealership that has been in business for more than 60 years in Florissant, Mo., a ... [Read More]

A dealership chain specializing in subprime leasing now has a captive-like relationship with one of the market’s larger finance companies to serve customers who would rather make a purchase through a vehicle installment contract. On Thursday, Westlake Financial Services and ... [Read More]

MUSA Auto Finance, a company specializing in new and pre-owned vehicle leasing, launched its online portal on Thursday where dealers can submit applications, receive decisions and print pre-populated lease contracts. MUSA Auto Finance highlighted this portal can automate a typically complicated ... [Read More]

F&I program provider RoadVantage made a trio of personnel moves this week, including promoting Randy Ross to president of sales. Ross, who previously was RoadVantage’s senior vice president of sales, has been with the company for five years and has been instrumental ... [Read More]

Fusion Auto Finance, a company in the credit union leasing space, has purchased the GrooveCar Family of Brands, the businesses said in a news release Thursday. Included in the GrooveCar Family of Brands are CU Xpress Lease, an auto lease program ... [Read More]

Nicholas Financial acknowledged two elements combined to erode its originations during its most recent quarter that closed on June 30, but the subprime auto finance company is remaining steadfast in its strategy to maintain discipline during challenging market conditions. The ... [Read More]

Digital Recognition Network (DRN) hosted its annual affiliate appreciation event during last month’s North American Repo Summit (NARS) to honor DRN providers and affiliates. The event included an awards ceremony where DRN recognized companies that have demonstrated excellence and shown ... [Read More]

This week, it was announced that Integrated Lending Technologies (ILT) is now an eContracting certified loan origination system (LOS) with RouteOne. The companies highlighted finance sources utilizing either of ILT’s systems now can benefit from a streamlined eContracting implementation process. Both DILLS, ... [Read More]

Another scathing report originating out of the U.S. House Financial Services Committee again chastised the Consumer Financial Protection Bureau while reminding the agency to consider what it’s like for finance companies that comply with the CFPB’s civil investigation demands, also ... [Read More]

GWC Warranty this week announced details of its first-ever Elite Dealer Conference. The Elite Dealer Conference offers 60 dealers and their guests the opportunity to venture to some of the world’s most picturesque destinations. “It’s our partnership with our Elite ... [Read More]