MINNEAPOLIS — Wolters Kluwer Financial Services announced this week that its Fair Lending Wiz software now includes an ethnicity proxy functionality. Management explained the enhancement can allow financial institutions to make a determination of whether a loan applicant is Hispanic when ... [Read More]

CLEARWATER, Fla. — Nicholas Financial announced Wednesday that it has opened two new branch offices. The new facilities are in Morrow, Ga., and Fort Wayne, Ind. The office in Morrow is Nicholas Financial's fifth branch in the greater Atlanta metropolitan area, ... [Read More]

DAYTON, Ohio — Reynolds and Reynolds and COINdata recently reached an integration partnership intended to strengthen a critical part of the vehicle sale process. Executives explained the agreement means the Reynolds LAW 553 Universal Retail Installment Sale Contract now is the ... [Read More]

HAUPPAUGE, N.Y. — GrooveCar recently revamped its website with a host of added features and promotions geared to boost the potential for credit unions to capture more direct auto loan accounts on new and used vehicles. Officials from the financial intermediary emphasized ... [Read More]

DES MOINES, Iowa — Wells Fargo Dealer Services' president told SubPrime Auto Finance News this week that the Wells Fargo Financial restructuring will have no impact on indirect dealer auto loans. Indeed, Tom Wolfe told SubPrime, "The restructuring of Wells Fargo ... [Read More]

DETROIT — This morning, Ally Financial announced it will rebrand its GMAC consumer and dealer-related auto finance operations in the U.S., Canada and Mexico with the Ally name. This follows the transition of the parent company to Ally Finance Inc. in ... [Read More]

BATON ROUGE, La. — Wolters Kluwer Financial Services revealed this week that it received notification from the United States Patent and Trademark Office regarding one of its solutions. Federal officials gave a U.S. patent to Wolters Kluwer for its AppOne solution. ... [Read More]

WASHINGTON, D.C. — Both direct and indirect auto loan delinquencies showed improvement for the quarter, according to the American Bankers Association. ABA reported that direct auto loan delinquencies dropped from 1.94 percent to 1.79 percent. Meanwhile, indirect auto loan delinquencies fell ... [Read More]

GARDEN CITY N.Y. — After Chase Auto Finance unveiled new offices in the Midwest and the Northeast earlier this year, this week the company expanded its presence in the Southeast. Executives announced the opening of a full-service Custom Finance Business Center ... [Read More]

AUBURN HILLS, Mich. — In addition to announcing that most 2010 vehicles financed through GMAC are eligible for zero-percent financing, Chrysler also said today that it is allowing customers the option of returning a new vehicle within 60 days. More specifically, ... [Read More]