WASHINGTON, D.C., and PHOENIX — Both on Capitol Hill and at the Consumer Bankers Association's annual gathering, lawmakers and lenders wanted to know how the Consumer Financial Protection Bureau is going to be led and what regulations are coming. First, ... [Read More]

BANDON, Ore. — CNW Research pinpointed not only how many buyers obtained pre-approved vehicle financing and utilized it to purchase a used vehicle last month, but the firm also determined how many units were sold to deep subprime consumers. A ... [Read More]

SARASOTA, Fla. — The Leedom Group announced next month's BHPH World 2013 Convention will serve as the platform to launch an initiative and call to action for what's being dubbed, "BHPH Responsible Lending." Organizers highlighted this initiative was developed by ... [Read More]

HAUPPAUGE, N.Y. – GrooveCar ramped up its efforts to help credit unions secure more auto loans with a new program called GrooveCar Direct. The company described GrooveCar Direct as a program that's "made to order" so credit unions can realize ... [Read More]

RALEIGH, N.C. — FNI Inc. — a collateral protection and consumer benefit program product and compliance agency for auto finance providers — designed what the company believes is the industry's first GAP offering bundled with a vendor and product management ... [Read More]

DETROIT — Despite being the only financial institution to fail recent stress tests administered by the Federal Reserve to gauge ability to weather a severe recession, Ally Financial finished 2012 as the market leader for all auto financing, according to ... [Read More]

BENTONVILLE, Ark., and EDINA, Minn. — Buy-here, pay-here dealership chains America's Car-Mart and CarHop recently made a series of additions to their store networks. By bringing on the 121st dealership into its portfolio, Car-Mart expanded its footprint in Missouri by ... [Read More]

MINNEAPOLIS — van Wagenen Financial Services recently formed a pair of alliances to enhance its loan servicing software with insurance tracking and placement services. First, van Wagenen formed a strategic marketing agreement with Nortridge Software, a Lake Forest, Calif.-based company ... [Read More]

SANTA MONICA, Calif. — Based on data Edmunds.com gave SubPrime Auto Finance News, there was a 363 basis point differential between the state with the highest average APR and lowest for all transactions by franchised dealers reported to the site ... [Read More]

FARMINGTON HILLS, Mich. — RouteOne rolled out additional enhancements to its free app for Windows Phone this week. The new enhancements include the ability to forward "sent" applications to a new finance source, securely text message with supporting finance sources, ... [Read More]