Credito Real — an institution in Mexico that boasts five lines of business including used-vehicle installment contracts — announced on Wednesday that it acquired 65 percent of the equity interests issued by AFS Acceptance, a company that specializes in subprime ... [Read More]

Re3 Conference presenting sponsor Digital Recognition Network launched new product on Tuesday that the company is calling its Enterprise Solution — a value-based subscription model for “all-you-can-eat” access to vehicle location data. Finance companies that rely on DRN’s vehicle location ... [Read More]

GWC Warranty, a provider of used-vehicle service contracts and related finance and insurance products sold through dealers, recently hired dealer consultants in four new markets. In adding four new dealer consultants, GWC is now represented with a dedicated presence in the ... [Read More]

Is it time to revisit the definition of micro-management? I receive calls on a weekly basis from frustrated executives lamenting over the difficulty of finding good sales people. You may have heard these frustrations, too, including: — This new generation ... [Read More]

Fitch Ratings recently published an updated asset-backed sector specific criteria report. Analysts indicated there have been no “material” changes from the previous version, so therefore Fitch expects no impact on outstanding ratings. The firm noted this report updates and replaces ... [Read More]

A new national survey finding that teen drivers lack basic knowledge about auto financing and total vehicle ownership costs sparked Junior Achievement USA and American Honda Finance Corp. to create a new website. The national survey orchestrated by Junior Achievement ... [Read More]

Consumer Portfolio Services chairman and chief executive officer Brad Bradley explained why the company’s noticeable rise in delinquencies stems from adjustments in collection practices that federal regulators forced the company to make. To recap, back in May of last year, ... [Read More]

Executives from 700Credit, a provider of credit reporting, prescreen data and compliance products and services, highlighted that their information now is integrated with DeskManager, AutoManager’s DMS software product. The companies explained this comprehensive tool is geared to help users manage ... [Read More]

In another effort to implement cost-saving and innovative technology-based initiatives to foster business and meet the demands of its expanding customer base, Westlake Financial Services is now available on RouteOne’s eContracting platform. This development arrives not long after Westlake announced ... [Read More]

This week, credit report and compliance solutions provider Credit Bureau Connection (CBC) rolled out dealer access to income and employment data instantly, at point-of-sale through The Work Number, an Equifax service. CBC highlighted that having fast access to income and ... [Read More]