SOUTHFIELD, Mich. — Credit Acceptance Corp. recently announced that it has extended the maturity of its credit facility with a commercial bank syndicate from June 22, 2010 to June 23, 2011. The amount of the facility was reduced from $153.5 million ... [Read More]

NORTH RICHLAND HILLS, Texas — Triad Financial and Windsor Group recently announced a partnership to grow Triad's third-party servicing business, which supports finance companies, banks, investors and dealers. Windsor, a leading skip trace and repossession management provider, will drive Triad's marketing, ... [Read More]

SARASOTA, Fla. — In a move to expand its role in the buy-here, pay-here industry, CarBiz announced it has acquired Star Financial Services, which has a portfolio of consumer notes. Since 1966, Star Financial has served as an indirect lender to ... [Read More]

McLEAN, Va. — In an interesting twist, the number of recent graduates who told Capital One Auto Finance that they would pay for their first car in cash almost came close to doubling over last year. In its annual survey, the ... [Read More]

MINNEAPOLIS — Wolters Kluwer Financial Services announced on Wednesday that it has formed a new Indirect Lending business unit to strengthen its commitment and expand its reach across the broader indirect lending market. Over the past two years, Wolters Kluwer indicated ... [Read More]

CHERRY HILL, N.J. — Earlier this week, Pelican Resource Group announced that franchised and independent dealerships  looking to move excess used and wholesale inventory now have the option of a comprehensive program to help them increase sales and generate cash. To ... [Read More]

DES MOINES, Iowa — Wells Fargo Preferred Capital announced it has increased its lending commitment to Westlake Financial Services from $120 million to $150 million. Wells Fargo Preferred Capital, a subsidiary of Wells Fargo & Co., is the lead agent of ... [Read More]

CHICAGO — While TransUnion.com reported that there was a drop in the average first-quarter 60-day auto loan delinquency rate throughout the nation, the company attributed this more to seasonal patterns than a reversal of trends related to the auto lending environment. ... [Read More]

SAN ANTONIO, Texas — USAA and General Motors have teamed up to offer a special discount, on top of current rebates and dealer incentives, for the credit union's members. More specifically, the offer provides for up to $1,000 in additional discounts ... [Read More]

LAKEWOOD, Colo. — Colorado credit union members apparently now have a new non-traditional, more comfortable and convenient way to shop for cars, access credit union financing and purchase vehicles at pre-negotiated, no-haggle prices. WhereMembersDrive.com is designed to provide the state's credit ... [Read More]