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]

With a new website at its disposal, CashCall Auto is looking to grow its portfolio above the $6 million mark that the company needed only a few months to reach. CashCall Auto vice president of loan servicing Louis Ochoa explained ... [Read More]

US Equity Advantage, a provider of bi-weekly and early loan payoff services to the automotive industry, announced that veteran F&I expert Karena Raino-Nevratakis joined the company as regional account manager for the western United States. The company highlighted Raino-Nevratakis’ primary ... [Read More]

General Motors Financial is not booking as much subprime paper for its parent automaker as it was a year ago, but company leadership isn’t alarmed by the modest decline experienced during the first quarter. The lender’s share of subprime contracts ... [Read More]

This week, digital acquisition, retention and conquest marketing and sales solutions provider ChannelNet announced the renewal of its three-year contract with Hyundai Capital America. ChannelNet provides the captive finance company with strategic Web solutions to support: —Hyundai and Kia dealers ... [Read More]

This month’s projected new-vehicle sales activity is likely to push lenders’ portfolio total higher — along with elongated terms connected with those contracts. J.D. Power estimated that consumers will spend $33.5 billion purchasing new vehicles this month, a historic record ... [Read More]

The Dodd-Frank Act provided the foundation for more regulation of auto financing by federal regulators. Now a state-level agency is leveraging Dodd-Frank to seek orders against a New York-based subprime lender. Benjamin Lawsky, who is New York’s Superintendent of Financial ... [Read More]

Subprime auto finance company GO Financial completed the sale of a substantial equity interest in GO Financial to Manheim today, furthering connecting the dealer-support efforts of GO Financial and NextGear Capital. GO Financial is now majority owned by DriveTime chairman ... [Read More]

Texas-based defi SOLUTIONS announced chief executive officer and founder Stephanie Alsbrooks was selected as one of the Dallas Business Journal’s 40 Under 40 honorees for 2014. The Dallas Business Journal judges received and reviewed 242 nominations to select this year’s ... [Read More]

EFG Companies highlighted that it recently became one of the first F&I product providers to have its entire field services team certified by Association of Finance and Insurance Professionals (AFIP). By certifying its entire team at once, EFG explained that ... [Read More]