TransFirst, a provider of transaction processing services and payment enabling technologies, and the National Independent Automobile Dealers Association announced that they have agreed to a new, exclusive relationship for payment processing solutions. Officials explained that TransFirst first acquired a long-standing ... [Read More]

Ally Financial chief executive officer Michael Carpenter likes the position the company currently has in terms of where its business development originates. Rather than strictly being a captive servant to an automaker, Carpenter prefers the current situation where Ally can ... [Read More]

The bulletin connected with indirect auto financing issued by the Consumer Financial Protection Bureau last March could be receiving a significant makeover if a measure working its way through the U.S. House continues to move forward. In what the National ... [Read More]

EFG Companies announced on Tuesday it has been selected as the premier product provider by MotoLease, a financial services company that offers unique consumer leasing programs through MotoLease authorized dealers. The company designs solutions exclusively for the motorcycle and powersports ... [Read More]

Ally Financial chief compliance officer Daniel Soto received the 2014 ABA Distinguished Service Award which recognizes leadership, initiative and accomplishment in banking regulatory compliance management. The award, established in 1995, was presented at the American Bankers Association’s 28th annual Regulatory ... [Read More]

Veros Credit is ready to make an expansion move beyond servicing the needs of the subprime auto financing industry in the western half of the United States as the company has done for the past 17 years. The company explained ... [Read More]

How the Consumer Financial Protection Bureau conducts its supervisory business was in the spotlight again on Tuesday during regular hearings conducted by both the U.S. Senate Banking Committee as well as the U.S. House Financial Services Committee. In the Senate, ... [Read More]

Fitch Ratings determined delinquencies on prime U.S. auto loan ABS reached another record low in April, with the subprime sector posting a strong improvement, too. Analysts indicated the movements mean that asset performance is positioned for a strong summer. According ... [Read More]

Disparate impact theory is difficult even for the most seasoned legal experts to explain, so the American Financial Services Association is seeking to make sure the use of this tactic is prudent. AFSA and several financial services trade associations recently ... [Read More]

National Auto Care Corp., a leading administrator of vehicle service contract and ancillary products and programs including CarMark Certified, announced the appointment of a new regional account development manager who has more than a dozen years of F&I industry experience. ... [Read More]