WOODCLIFF LAKE, N.J. — A New Jersey dealership is the first store to start the nationwide launch of eContracting by Mini Financial Services, a division of BMW Group Financial Services. The captive is launching the solution at Prestige Mini in ... [Read More]

ALEXANDRIA, Va. — The American Bankruptcy Institute said total bankruptcy filings in the United States decreased 16 percent year-over-year during the first quarter. According to data provided by Epiq Systems, bankruptcy filings totaled 263,516 in the first quarter, down from ... [Read More]

WASHINGTON, D.C. — While bank card delinquencies fell to levels not seen since the third quarter of 1994, the American Bankers Association's latest Consumer Credit Delinquency Bulletin showed mixed movements in the auto finance space. ABA found that fourth quarter ... [Read More]

DETROIT and FORT WORTH, Texas — General Motors Financial announced this week that it has completed the acquisition of equity interests in the top-level holding companies that comprise substantially all of Ally Financial's auto finance and financial services business in ... [Read More]

IRVINE, Calif. — CarFinance Capital renewed and increased its warehouse credit facility this week from $200 to $300 million. Officials highlighted the increased credit line — which is being provided by Deutsche Bank and Credit Suisse — further bolsters the ... [Read More]

LOUISVILLE, Ky. — Peritus Portfolio Services recently signed a multi-year agreement to offer SteadyPay Payment Solutions services to its customers who often purchase vehicles at buy-here, pay-here dealerships. Officials explained SteadyPay offers automatic bill payment via payroll deduction. Peritus' customers ... [Read More]

HOUSTON — Retail sales figures for buy-here, pay-here dealers softened a bit in 2012 compared to a year earlier, according to industry benchmarks compiled by the National Alliance of Buy-Here, Pay-Here Dealers that will be shared during the organization's upcoming ... [Read More]

DETROIT — In celebration of Financial Literacy Month and as a way to build upon the more than 1,000 consumers who already have utilized its tutorials specifically about auto financing, Ally Financial launched its 30 Days of Financial Literacy initiative ... [Read More]

LAKE SUCCESS, N.Y. — Dealertrack Technologies is offering a free webinar where compliance counsel Randy Henrick will discuss the latest regulatory developments coming from the Consumer Finance Protection Bureau. The session where Henrick will offer his analysis of the CFPB's ... [Read More]

BROOKFIELD, Wis. — Fiserv said 2012 was a record-setting year for its automotive loan origination system. Officials highlighted that more than 10.8 million loan applications and 3.7 million contracts were processed through the Fiserv's auto lending platform, marking a 31- ... [Read More]