CHICAGO — Nationwide Acceptance expanded its subprime auto sales finance program to service dealers, broadening its footprint to 23 states. Last week, Nationwide Acceptance began operating in Alabama. "We are very excited to continue our expansion and to offer our ... [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MEDFORD, Ore. — Three members of Lithia Motors' management team all voiced strong opinions about the Consumer Financial Protection Bureau's recent guidance on indirect auto lending and dealers' role in retail vehicle ... [Read More]

WASHINGTON, D.C. — The Securities and Exchange Commission on Thursday charged Capital One and two senior executives for understating millions of dollars in auto loan losses incurred during the months leading into the financial crisis. Officials said an SEC investigation ... [Read More]

IRVINE, Calif. — CarFinance.com released data on the top 10 new- and used-vehicle choices for its below-prime car buyers during the past six months. Comprising the list of used vehicles were three pickups from domestic OEMs. The Top 10 included: ... [Read More]

BENTONVILLE, Ark. — Buy-here, pay-here dealership chain America's Car-Mart opened its 124th store this week. Car-Mart broadened its footprint in Alabama by rolling out a dealership in Gadsden. The new location is the company's 13th dealership in Alabama and the ... [Read More]

WASHINGTON, D.C. — Along with testifying in front of the Senate Banking Committee about the agency's semiannual report, the director of the Consumer Financial Protection Bureau made several changes and new additions to the CFPB's senior leadership this week. Director ... [Read More]

LAS VEGAS — Only five days remain for dealers to obtain discounted registration and accommodations for next month's Dealer Academy and National Conference orchestrated by the National Alliance of Buy-Here, Pay-Here Dealers. NABD founder and event organizer Ken Shilson said ... [Read More]

CHADDS FORD, Pa. — Among a host of other developments, indirect auto finance company Flagship Credit Acceptance completed an asset-backed securitization of $222 million of notes in a transaction that closed last week. Flagship highlighted that the notes were issued ... [Read More]

WASHINGTON, D.C. — As Financial Literacy Month continues, Americans Well-informed on Automobile Retailing Economics wanted to clear up some common vehicle financing misconceptions. Officials from the educational coalition explained that common vehicle financing myths can knock car shoppers off course. ... [Read More]

CRYSTAL LAKE, Ill. — Automotive Compliance Consultants recently joined American Financial Services Association in response to moves made by the Consumer Financial Protection Bureau. Automotive Compliance Consultants chief executive officer Terry Dortch explained the firm joined AFSA to engage with ... [Read More]