The U.S. Attorney General’s office, the Internal Revenue Service and the FBI brought charges against two managers and three other salespeople at an Alabama franchised dealerships in connection with a conspiracy to fraudulently boost loan approvals and vehicle sales. According ... [Read More]

Auto/Mate Dealership Systems recently completed the integration of its dealership management system with MaximTrak Technologies' F&I Suite. The companies highlighted dealers using both systems now can benefit from a real-time, bi-directional exchange of information that’s intended to speed up the ... [Read More]

Revving up its loan servicing business, First Associates Loan Servicing recently announced it will now provide full loan servicing solutions for Mega Auto Finance. The alliance is geared to allow Mega Auto to scale its operations rapidly while achieving necessary ... [Read More]

Two hours: the amount of time it takes to watch a movie as well as the span it should take for the sales and financing process to be completed. At least that’s the majority sentiment, according to a new survey ... [Read More]

Subprime auto finance companies must not be taking their collective foot too much off of the originating pedal based on the amount of used-vehicle paper CNW Research found to be written in September. During a month that contained more than ... [Read More]

Vendor Transparency Solutions and Weltman, Weinberg & Reis are joining forces again for another free webinar — this time focusing on what the Consumer Financial Protection Bureau’s larger participant rule proposal means for nonbanks in the auto financing market. Partner ... [Read More]

Along with promoting two executives within the company, Veros Credit hired a former Westlake Financial executive to be its new vice president of strategy and process improvement.  Joining the company as part of its nationwide expansion efforts is Harvey Singh, ... [Read More]

It’s been nearly two weeks since the Consumer Financial Protection Bureau revealed its proposed changes for what is classified as a larger participant in auto financing. More than half the time is remaining in the 60-day comment period the CFPB ... [Read More]

Members of 113th Congress raced out of Washington, D.C., in mid-September by planes, trains and automobiles, leaving nothing in their wake but a proverbial cloud of dust. The members were all headed home, back to their districts for a final ... [Read More]

One of Used Car Week’s presenters and the sponsor of the SubPrime Auto Finance Executive of the Year award — Black Book Lender Solutions — finalized the integration of its vehicle valuation data into three more providers of loan origination ... [Read More]