Given the drumbeat of the Consumer Financial Protection Bureau and its increasing influence on dealership F&I practices and consumer finance, Automotive Compliance Consultants emphasized that dealership professionals must be fully equipped to understand and comply with regulations. Automotive Compliance Consultants ... [Read More]

Two former top executives at Exeter Finance secured a nine-figure amount of capital for their new venture — Praxis Finance. Founded by auto finance veterans Daniel Parry and Steve Moses, Praxis on Friday finalized the closing of an investment partnership ... [Read More]

If store managers and personnel can find 20 minutes in their schedule, they can take advantage of some of the added new training courses Ally Financial integrated into its Performance Development Center this week. In hopes of further expanding the ... [Read More]

EFG Companies claims the results of its most recent dealer services client satisfaction study released this week show the company scored higher than outfits such as Apple iPhone, Southwest Airlines, USAA Banking and Insurance, and Nordstrom. Among the key findings, ... [Read More]

NextGear Capital appointed Adam Galema to the role of vice president of finance this week. In this role, Galema will lead the company's treasury, accounting, and financial planning and analysis (FP&A) teams while helping ensure NextGear Capital is positioned properly ... [Read More]

BillingTree opened its annual ARM Industry Operations, Technology & Payments Survey this week, marking the third consecutive year the company has underwritten the survey before publishing and distributing the results each spring. The survey is directed toward collection agency owners ... [Read More]

Auto loan performance helped overall delinquencies to continue to decline in last year’s third quarter, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. But what might delight finance companies even more is how optimistic ABA chief economist ... [Read More]

Exeter Finance Corp. completed the launch of its new originations platform this week; a process the company insisted can reduce the typical decision time to under 15 seconds. Additionally, Exeter highlighted that it is now able to restructure the loans ... [Read More]

CreditMiner recently reached an agreement with Equifax to give the credit inquiry tool access to the Prescreen of One service, an Equifax solution for individual, real-time prescreens that can help consumers by letting them know they are qualified for financing and enhance ... [Read More]

President Obama highlighted the move made by Ally Financial on Monday to offer its auto finance customers free access to their FICO score as a means to better understand their credit health. Obama mentioned the development during an event at ... [Read More]