The investment firm that oversees two subprime auto finance companies — Flagship Credit Acceptance and CarFinance Capital — announced on Thursday that it is merging the two operations together. Officials from the alternative asset management unit of Perella Weinberg Partners ... [Read More]

700Credit is hosting a free webinar on Thursday that aims to answer many questions on dealers’ minds when it comes to compliance. The Adverse Action, Red Flag and Risk-Based Pricing compliance webinar, titled Dealer Knowledge Webinar: Compliance Questions Answered, is scheduled for 2 ... [Read More]

Investment and advisory firm Sunset Capital Assets said Tuesday its existing letter of intent to buy Motors Acceptance Corp. — which, along with its family of companies in the subprime auto space, is known as “MotorMax” — is being reassigned ... [Read More]

Payment-solution provider BillingTree announced today its new partnership with DealerClick, further expanding the former’s influence on the automotive finance market. Through the partnership, DealerClick can now offer its customers a wider choice of payment processing and self-service options while using ... [Read More]

There’s an incorrect assumption that many Americans — and potentially your customers and other auto-related consumers — are making when it comes to their credit score standing. In results of its national survey of renters revealing “widespread confusion” about what is ... [Read More]

Wolters Kluwer Financial Services announced Monday that Automotive Credit Corp., a Midwest-based provider of subprime financing solutions, joined the AppOne platform. The companies explained AppOne can help to automate the credit approval and compliance processes for finance companies and the ... [Read More]

A former executive at US Bank, Coastal Credit and Security National Automotive Acceptance Corp. (SNAAC) recently joined New-York based OneSource Financial as vice president of sales and business development. Taking on this role for OneSource Financial is Ben Hensley, who ... [Read More]

Along with acknowledging a document request from the Securities and Exchange Commission, Ally Financial reported a new record for used-vehicle originations as the company generated $3.2 billion in used paper during the third quarter. The performance marked two quarters in ... [Read More]

The Consumer Financial Protection Bureau is hosting another field hearing, but the agency hasn’t yet shared what topic it will be discussing. CFPB officials did indicate the event will be on Nov. 13 in Wilmington, Del. They added the hearing ... [Read More]

BillingTree announced the next webinar in its series titled, Payment & Technology Spotlight Series — Technology and Innovation for the Digital Age. With the upcoming segment putting the spotlight on compliance, BillingTree highlighted the free session will feature a virtual ... [Read More]