Two of the largest players in the GPS technology space now are under the same corporate umbrella. Spireon, a portfolio company of Bertram Capital, on Wednesday announced the acquisition of privately held Inilex, another provider of GPS recovery software solutions. ... [Read More]

Exactly two weeks before a consent order involving American Honda Finance Corp. came to light, documents the Consumer Financial Protection Bureau shared by anonymous sources generated online reports about the forthcoming regulatory developments. Now, the National Automobile Dealers Association wants ... [Read More]

NextGear Capital recently announced plans to expand into 30 additional markets across the U.S. The company indicated that its enhanced technology offerings, flexible terms and customer service have led to an increase in customers, resulting in the need for these ... [Read More]

BillingTree highlighted a string of new developments on Wednesday, including the launch of Payrazr, a comprehensive suite of in-house developed payment solutions. The company also revealed a completely refreshed corporate branding, redesigning its logo, adopting the tagline “Growing Payments with ... [Read More]

AUL Corp. has worked with dealers and agents to sell extended service warranties to their vehicle buyers for the past 25 years. On Tuesday, AUL chief executive officer Luis Nieves rolled out a pair of products that are being targeted ... [Read More]

The Consumer Financial Protection Bureau and Department of Justice just took a big bite out of the F&I income Honda dealerships can generate through the financing of vehicle installment contracts by their captive. CFPB and DOJ officials said on Tuesday ... [Read More]

What law enforcement considers to be deceptive advertising associated in part with vehicle financing is continuing to hit New York dealerships in the pocketbook. New York attorney general Eric Schneiderman announced two separate settlements on Tuesday involving 23 franchised dealerships ... [Read More]

While the Office of the Comptroller of the Currency acknowledged vehicle installment contract delinquencies are are at “manageable” levels now, FICO’s analytic team recently offered a pair of recommendations to help finance companies protect profitability in case those conditions deteriorate. ... [Read More]

When IDDS Group co-founder and chief executive officer Max Zanan arrives at a dealership to conduct a consulting and training session, he acknowledged that he rarely sees any documents hanging within the F&I department that shows managers are certified through ... [Read More]

Associates from GSFSGroup, a nationwide provider and administrator of F&I products, recently banded together to honor the nation’s military veterans by collecting, assembling and delivering hundreds of care packages to the Michael E. DeBakey VA Medical Center in Houston. The ... [Read More]