WASHINGTON, D.C. — The American Financial Services Association's president and chief executive officer Chris Stinebert came out with a statement this week saying the establishment of a Consumer Financial Protection Agency will be bad news for consumers when it comes to ... [Read More]

FARMINGTON HILLS, Mich. — Mercedes-Benz Financial announced it has launched a new, full contract data validation system that integrates with dealers management systems. The program, called eValidate, is designed to perform more than 100 validations of information within seconds, helping to reduce ... [Read More]

SCHAUMBURG, Ill. — In Experian Automotive's latest credit analysis of the auto industry, the company discovered that credit appears to be loosening via auto lenders from the second quarter of last year to the same quarter of this year. More specifically, ... [Read More]

LOS ANGELES and SAN DIEGO — Reacting to a need for a secondary marketplace to open up credit lines, DebtMarket and First Associates recently announced they have joined forces in an effort to provide a new way to sell loan originations. ... [Read More]

FORT WORTH — Digital Recognition Network announced Wednesday that it has struck a deal with Regional Acceptance Corp., an affiliate of BB&T Corp., to provide its License Plate Recognition software. Regional will basically use DRN's services as a part of its ... [Read More]

CHICAGO — F&I Administration Solutions announced its SCS Auto administration platform has been selected by Ristken Software Services for use with the company's MenuPro application. The goal of the integration is to provide dealers with immediate quotes and pricing information, according ... [Read More]

MONTREAL — In an industry segment where consumers sometimes stop payments all together, subprime service provider iMetrik Solutions has introduced something that could help asset holders reduce liabilities. The company announced its new "iMetrik-collect" Web-based software that is designed to help auto finance companies and buy-here, ... [Read More]

WASHINGTON, D.C. — In addition to retaining his role as senior adviser to the Secretary of Treasury for the President's Task Force on the Automotive Industry, President Obama announced Monday that Ron Bloom is also taking on the role as the ... [Read More]

JACKSONVILLE, Fla. — Advanced Business Computers of America recently announced an improvement to its DMS system, which is called Deal Pack. The DMS system now offers a fully integrated floor planning solution for dealers. From roll fees to floor plan reserves, ... [Read More]

ALEXANDRIA, Va. — Bankruptcy filings in August again increased over the same month in the prior year. However, on the brighter side, the number of filings was a decline from July. More specifically, the American Bankruptcy Institution reported 119,874 consumer bankruptcy ... [Read More]