WASHINGTON, D.C. — The Federal Trade Commission issued revised guidance designed to help businesses such as dealerships comply with the requirements of the Red Flags Rule, which protects consumers by requiring businesses to watch for and respond to warning signs ... [Read More]

DAVENPORT, Iowa — Triggered by new solution capabilities, ProMax Unlimited, a Web-based subprime financing software provider, highlighted the growth trajectory it is enjoying this year. Company officials contend they are on track to have more than 2,000 dealers using their ... [Read More]

DAYTON, Ohio — Reynolds and Reynolds announced the availability of the LAW West Virginia F&I Library that is designed to offer West Virginia automobile and truck dealers a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents. Officials ... [Read More]

SOUTHFIELD, Mich. — Provider Exchange Network, a division of Open Dealer Exchange, recently completed integration with the F&I mobile menu, iTapMenu. Officials explained the iTapMenu will now feature electronic rating via PEN. "We couldn't be more excited about the partnership ... [Read More]

IRVINE, Calif. — Consumer Portfolio Services recently renewed its $100 million revolving credit facility with Citi. Under the amended terms, CPS explained the facility will revolve during the first two years and may amortize during the third year. The company ... [Read More]

IRVINE, Calif. — CarFinance.com recently compiled data showing the Top 10 most frequently refinanced makes and models by the site's below-prime customers since last year.  Among the brands listed, domestic badges represented the top three as well as half of ... [Read More]

COSTA MESA, Calif. — Experian recently announced that it is providing World Omni Financial Corp. with a flexible decision management solution based on its PowerCurve and Attribute Toolbox software aimed at streamlining the processing and decisioning of auto finance applications. ... [Read More]

CARY, N.C. — With monthly payments weighing so heavily on potential vehicle buyers nowadays, CarMark Auto Finance is hosting a free webinar to highlight its residual-based finance program that can generate a financing option up to 40 percent lower than ... [Read More]

MINNEAPOLIS — van Wagenen Financial Services rolled out two new insurance products aimed at boosting its offerings to both dealers and lenders. Aimed at riding the rapid growth trajectory with the subprime lending market, van Wagenen released a point of ... [Read More]

ALEXANDRIA, Va. — The American Bankruptcy Institute found that total bankruptcy filings in the United States for May decreased 12 percent year-over-year. Drops at that level or higher have been reported during four of the first five months of 2013. ... [Read More]