Earlier this week, dealership software, services, and forms provider Reynolds and Reynolds and payment solutions provider Global Payments announced an agreement to offer point-of-sale, electronic payment solutions for dealerships. As part of the agreement between the two companies, Reynolds will ... [Read More]

For finance company executives still curious as to why Toyota is shifting major operations out of California to Texas, NAF Association just added a new session to next week’s annual gathering aimed at satisfying that interest Conference organizers said Michael ... [Read More]

A finance manager at an Ohio franchised dealership set the examination bar quite high as a part of the inaugural boot camp recently orchestrated by the Association of Finance & Insurance Professionals. Ray Miller, finance manager at Joyce Buick GMC ... [Read More]

Credit Acceptance Corp. commenced a tender offer to purchase up to 915,750 shares of its outstanding common stock. The company pegged the price per share at $125.58 “We anticipate that we will obtain all of the funds necessary to purchase ... [Read More]

Last week, the Consumer Financial Protection Bureau rolled out what the agency described as an updated and improved version of its eRegulations tool, including a new, electronic, user-friendly version of the Truth in Lending Rule — the flagship federal regulation ... [Read More]

EFG Companies this week launched Power x2, a powertrain protection vehicle service contract that can double the benefit of the manufacturer’s powertrain warranty. Officials highlighted the new contract can deliver a vital dealer tool, proven by independent research, indicating that ... [Read More]

Another former Nicholas Financial executive joined the management team at Metrolina Credit Co., a specialty finance operation offering indirect auto financing solutions in the subprime credit space as well as consumer and personal loans direct to the public.  Coming on ... [Read More]

Indirect auto finance company Flagship Credit Acceptance recently completed an asset-backed securitization of $222 million of notes issued in four tranches and assigned ratings by Standard & Poor’s Ratings Services and Kroll Bond Rating Agency. The development marked the company’s ... [Read More]

Along with a perceived lack of transparency at the Consumer Financial Protection Bureau, rumblings about how many closed-door sessions are conducted by another regulatory body established by the Dodd-Frank Act now are percolating on Capitol Hill. Rep. Scott Garrett, member ... [Read More]

Despite growing supply challenges, the newest white paper from Black Book Lender Solutions highlighted how profitable portfolio growth opportunities remain in place for auto lenders. The white paper titled, “Finding Portfolio Growth Amidst Changing Supply Levels,” also reinforced three other ... [Read More]