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]

The lone Republican member of the U.S. Commission on Civil Rights wants answers as to whether there is discrimination going on within the Consumer Financial Protection Bureau. Earlier this week, commissioner Peter Kirsanow sent a written request to the CFPB’s ... [Read More]

EFG Companies announced Wednesday it has been awarded the Blue Seal of Excellence by the National Institute of Automotive Service Excellence (ASE), based upon the required certification level of  its claims organization. Officials explained this certification exemplifies EFG’s commitment to ... [Read More]

This week, Paymaxx Pro integrated its payment processing services with Cars Plus DMS, operated by Radiant Concepts. The alliance is aimed at giving dealers the ability to efficiently provide consumers with more options for payments while simultaneously reducing costs and ... [Read More]

For dealers and finance companies that specialize in working with consumers with credit scores below 550, May turned out to be a pretty good month for used-vehicle sales. CNW Research found that turns to buyers in this credit segment increased ... [Read More]