IRVING, Texas — Online auto finance company myAutoloan.com recently revealed it has been awarded its third patent from the US Patent and Trademark Office of the Department of Commerce for its online lending marketplace technology known as Preferred Placement. “Preferred ... [Read More]

GLEN MILLS, Pa. — With news circling that Chrysler could be seeking a new lender relationship outside of Ally, SubPrime Auto Finance News' sister site recently reached out to the OEM's national dealer council president to get his take. Seeing ... [Read More]

CLEARWATER, Fla. — Nicholas Financial recently revealed its third-quarter results for the end of 2011, showing a double-digit earnings increase and noting the reasons behind its significant growth. The company announced that for the three months ended Dec. 31, its final ... [Read More]

LAS VEGAS — CarFinance Capital LLC, a specialized provider of non-prime financing for auto dealers, announced that it has expanded its dealership services to provide incremental customer referrals from CarFinance.com, which offers direct lending to the less-than-prime consumer. The new ... [Read More]

HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers is gearing up not only for its annual conference, but also a special training session beforehand organizers are describing as "for attendees who want to excel in the BHPH business." NABD ... [Read More]

Alexandria, Va.— The first month of 2012’s bankruptcy rate shows signs of economic recovery and bodes well for the new year. This past month, total bankruptcy filings in the U.S. decreased by 14 percent year-over-year, according to data provided by ... [Read More]

WASHINGTON, D.C. — The American Financial Services Association recently revealed it has installed a new chair for its Vehicle Finance Division Advisory Board. Tapped for the position is Andrew Stuart, president and chief executive officer of Volkswagen Credit. The installation ... [Read More]

CHADDS FORD, Pa. — Flagship Credit Acceptance recently announced its controlling shareholder increased its capital investment to support the company’s growing auto finance platform. Flagship also revealed it entered into an agreement with Wells Fargo Bank to renew and increase ... [Read More]

FORT WORTH, Texas — After spending several weeks soaking in as many company details as possible, Digital Recognition Network's new chief executive officer is traveling full bore, meeting with lenders and agents in attempt to push the license plate recognition ... [Read More]

SOUTHFIELD, Mich. — Open Dealer Exchange recently revealed an agreement for integration with auto lending solutions provider CUDL. Through this new partnership, “CUDL will be offering direct credit application and contract validation data integration from the dealer’s point-of-sale system directly ... [Read More]