The Government Accountability Office — the audit, evaluation and investigative arm of Congress — recently completed an audit of the Consumer Financial Protection Bureau’s fiscal years 2013 and 2012 financial statements. GAO officials said they identified two significant deficiencies in ... [Read More]

The American Bankruptcy Institute recently tapped Brian Shaw of Shaw Fishman Glantz & Towbin of Chicago to be the organization's president for a one-year term. Shaw takes over for Patricia Redmond of Stearns, Weaver, Miller, Weissler, Alhadeff & Sitterson of ... [Read More]

April’s used-vehicle sales numbers backed up assertions that the economy is generally on a positive path and finance companies can leverage the situation into profits down the road. According to CNW Research, used-vehicle sales in April to deep subprime buyers ... [Read More]

The American Financial Services Association is continuing to work toward educating the youngest consumers so they have a better baseline knowledge of budgeting and more before the potential buyers arrive at the dealership F&I office. Since its launch 10 years ... [Read More]

CU Direct Connect, a provider of indirect auto lending services to credit unions and dealers, expanded outside of its base in Colorado for the first time this week. The company launched a partnership with Reliant Federal Credit Union in Casper, ... [Read More]

Credit Acceptance chief executive officer Brett Roberts acknowledged just how much the competitive landscape finance companies are finding to book subprime contracts impacted the company’s first-quarter performance. While the company’s consumer loan unit volume and active dealer figures both jumped ... [Read More]

BraunAbility and Ally Financial recently joined together to donate a wheelchair accessible vehicle to a Dallas-area student and his family. The companies were inspired by the efforts of the local Colony, Texas, community, which has rallied together over the last ... [Read More]

Financial services technology solutions provider Fiserv announced that World Omni Financial Corp., a provider of financial products and services to dealers, consumers and lenders, has deployed the Automotive Loan Origination System from Fiserv for its retail installment contract and lease ... [Read More]

After what analysts classified as a few speed bumps, U.S. auto ABS is primed for a strong spring as seasonal trends kick in, according to the latest monthly index results from Fitch Ratings. Analysts indicated prime and subprime annualized net ... [Read More]

Lawmakers want answers if discrimination is going on at the Consumer Financial Protection Bureau, and they are leveraging legal tools to get them. The U.S. House Financial Services Oversight and Investigations Subcommittee on Tuesday voted to subpoena two CFPB officials ... [Read More]