Coming off of a quarter and a year where the company posted healthy gains in consolidated net income, Credit Acceptance Corp. announced today that it commenced a tender offer to purchase up to 637,420 shares of its outstanding common stock. ... [Read More]

Texas-based loan origination system developer defi SOLUTIONS announced on Thursday that the company now offers RouteOne's eContracting solution to lenders as a part of their LOS solution. Officials indicated defi SOLUTIONS' lenders that have signed up for RouteOne's eContracting solution ... [Read More]

CU Xpress Lease, a part of the GrooveCar family of brands, recently formed a partnership with McGraw-Hill Federal Credit Union, which is based in Windsor, N.J., and now will offer leasing in New Jersey, New York City and Westchester County ... [Read More]

Paymaxx Pro highlighted that the company's national accounts and business development director Jon Leedom recently  has been granted the designation of ETA Certified Payments Professional, the professional certification program administered by the Electronic Transactions Association. By successfully meeting the ETA's ... [Read More]

Fiserv announced today that Toyota Financial Services has successfully used its Automotive Loan Origination System (LOS) to implement electronic contracting (eContracting), allowing dealerships to begin to phase out paper contracts, increase accuracy and improve efficiency during the loan credit and ... [Read More]

Edmunds.com analyzed APR data for loans that went through franchised dealership F&I offices in January and found rates for used-vehicle financing moved up slightly month-over-month but dropped year-over-year. Analysts pinpointed January's sequential rise at 0.08 percent while the year-over-year decrease ... [Read More]

NextGear Capital customers who want easier and faster sales financing for subprime customers will have it as a result of Manheim signing an agreement to purchase an equity stake in Go Financial, a subprime auto finance company. Officials highlighted today ... [Read More]

Earlier this week, CU Direct Connect launched its newly revamped website developed with the consumer in mind while still providing indirect auto lending services to credit unions and dealers in Colorado. Since the company believes it has tremendous relationships with ... [Read More]

The U.S. Chamber of Commerce recently followed the path forged by the American Financial Services Association, the National Automobile Dealers Association and other interested parties in questioning the new regulatory environment for indirect auto lending created by the Consumer Financial ... [Read More]

The state government affairs committee of the American Financial Services Association recently issued a white paper, focusing on a trend in vehicle franchise legislation that affects the relationship between automakers regulated financial institutions and franchised dealers related to the sale ... [Read More]