Along with finalizing a relationship with McLaren Automotive North America, Ally Financial this week responded to demands from a hedge fund that amounted to what the finance company chairman called a “clear agenda to force a sale of Ally.” Ally ... [Read More]

Covington — a law firm with a global footprint and whose stable of professionals includes former Attorney General Eric Holder, NFL Commissioner Paul Tagliabue and Homeland Security Secretary Michael Chertoff — created a new consumer financial services practice aimed at assisting clients ... [Read More]

DominionACCESS, a division of Dominion Dealer Solutions, recently finalized integration of its ACCESS Dealer Management System with RouteOne’s eContracting platform. Officials explained this new collaboration can streamline the contract and payment funding processes for their dealership customers nationwide. “A major ... [Read More]

Fitch Ratings isn’t necessarily sounding alarms over what the Federal Reserve did with interest rates before the holidays arrived. It’s how the Fed might adjust rates during the next four years that is sparking analysts’ interests. Fitch acknowledged on Monday ... [Read More]

The Federal Trade Commission is ramping up its efforts to regulate dealerships on a pair of fronts to begin 2016. Remember what the FTC dubbed Operation Steer Clear? It was the commission’s action that punished 10 dealerships back in 2014 ... [Read More]

The Association of Finance & Insurance Professionals offered some clarity in response to the Federal Reserve Board’s recent announcement regarding thresholds for the Truth in Lending Act as well as the Consumer Leasing Act. AFIP executive director David Robertson explained ... [Read More]

Just before 2015 closed, used-vehicle service contract and related finance and insurance product provider GWC Warranty announced the company successfully topped $375 million in claims paid to date. In reaction to the achievement, GWC Warranty chief executive officer and president ... [Read More]

GE is selling a portion of its shares in Hyundai Capital Services to Hyundai Motor Co. and Kia Motors. This move is part of a larger exit plan. GE has partial ownership (43.3 percent) of HCS, which it plans to ... [Read More]

With today marking the last installment of SubPrime News Update for 2015, we conducted our own portfolio analysis to uncover what turned out to be the top 10 stories of the year stemming from online traffic to our website. Not ... [Read More]

General Motors Financial announced on Thursday that it intends to enter into an agreement with Western Securities Limited to build a financial servicing center in San Antonio, accommodating up to 700 employees, almost all of whom will be new hires. ... [Read More]