The Republican-led U.S. House Financial Services Committee has conducted multiple hearings to investigate alleged discrimination at the Consumer Financial Protection Bureau, including a session with director Richard Cordray earlier this week. Now the lawmakers on the committee want the Government ... [Read More]

Several top industry players came to the defense of how subprime vehicle financing is operating nowadays after the unflattering picture they said The New York Times painted in an article a couple of weeks ago that’s since made its way ... [Read More]

AFS Acceptance continued to add to its management stable this week by appointing a former driversselect executive as vice president of loan production. Taking on the role effective Monday is Michael Thacker. AFS Acceptance indicated Thacker will preside over all ... [Read More]

Dealertrack Technologies reached a partnership on Wednesday with Element Payment Services, a Vantiv company, to seamlessly integrate electronic payment processing into Dealertrack DMS 2.0. With Element’s fully integrated payment technology within Dealertrack DMS 2.0, officials highlighted that all types of ... [Read More]

In a quarter company executives said contained a “leveling of competitive intensity,” the AmeriCredit-branded business generated by General Motors Financial during the second quarter jumped to a higher level than in any quarter seen in a year. AmeriCredit, which originates ... [Read More]

Black Book explained how its depreciation forecast of 13.5 percent for 2014 is still on track, even though the market produced a pace much slower than that expectation during the first six months of the year. Senior vice president and ... [Read More]

Retail’s old adage of “you get what you pay for” reappeared as a part of the J.D. Power 2014 U.S. Dealer Financing Satisfaction Study. The report showed franchised dealerships place such a value on the relationship they have with their ... [Read More]

The state government affairs committee of the American Financial Services Association recently published a white paper for its members on debt collection and the various ways state legislation and regulations are approaching these practices. AFSA officials highlighted the paper explains ... [Read More]

Based on a view the competitive pressure in the subprime finance space isn’t quite as intense, Consumer Portfolio Services watched its second-quarter earnings per diluted share spike by 47 percent year-over-year. CPS reported that its Q2 earnings rose to $7.0 ... [Read More]

Northern Star Management selected Vendor Transparency Solutions as an online compliance monitoring platform to be utilized as an additional tool in mitigating risk. Northern Star is an underwriting management company and wholesale producer working with a select network of brokers ... [Read More]