IRVINE, Calif. — Consumer Portfolio Services pointed to the human capital the subprime lender added to ramp up its workforce going into the first quarter as part of the reason for a "good start to the year." This week, CPS ... [Read More]

CARY, N.C. — The next free Market Intelligence Webinar from POADA is focusing on a top-of-mind subject for dealers nowadays: compliance. POADA is hosting 700Credit — a leading provider of credit reporting and compliance products and services — for this ... [Read More]

DAYTON, Ohio — Reynolds and Reynolds on Thursday announced the launch of the LAW Pennsylvania F&I Library, which offers Keystone State dealers a comprehensive catalog of standardized, legally reviewed finance and insurance documents. Officials highlighted the LAW Pennsylvania F&I Library ... [Read More]

HAUPPAUGE, N.Y. — GrooveCar, one of the nation's largest automotive resource and buying support programs for credit unions, tapped one of its in-house executives to be vice president of strategic alliances. Taking on this newly created position is Robert O'Hara. ... [Read More]

NEW YORK — The S&P/Experian Consumer Credit Default Indices showed the first quarter finished flat for auto loans. According to data through March, the auto loan default rate remained flat at 1.11 percent since February. The reading also stayed even ... [Read More]

LAS VEGAS — As NCM Associates made plans for a special open house between the events, the National Alliance of Buy-Here Pay-Here Dealers said inventory is running out for the special block of rooms for the Dealer Academy and National ... [Read More]

NEW YORK and SAN FRANCISCO — At the same time Chase Auto Finance reported its first-quarter performance, Wells Fargo highlighted that auto originations hit a new record during the past quarter. Wells Fargo officials said their auto originations totaled $6.8 ... [Read More]

PHOENIX — MBSi Capital, the developers of the Re-Pros and iRepo repossession software suites, rolled out a new program that aims to make it easier for repossession companies to become and remain compliant with a variety of new government mandates. ... [Read More]

IRVINE, Calif. — Consumer Portfolio Services announced late last week it entered into a new $20 million, five-year residual financing facility. CPS officials explained the facility is secured by eligible residual interests in two previously securitized pools of automobile receivables. ... [Read More]

NEW YORK — Fitch Ratings recently published an updated asset-backed sector specific criteria report for U.S. auto loan ABS. The firm indicated the new report updates and replaces the prior criteria report published last April. "There have been no material ... [Read More]