NEW YORK — Late Friday, GMAC Financial issued a statement about its headquarters location indicating that it has no plans to change its current home base. More specifically, the company said, "During the first decade of our 90-year history, GMAC was ... [Read More]

MINNEAPOLIS — Wolters Kluwer Financial Services announced that its CompliSource solution now includes new functionality to help finance companies and other lenders track pending legislation affecting the financial industry. More specifically, the new program has been added to CompliSource. CompliSource previously ... [Read More]

SALT LAKE CITY — In the face of current market challenges, Prestige Financial said it has taken several bold steps to help its partner dealerships increase sales and profitability in the growing niche of pre-discharge bankruptcy financing. According to officials, a ... [Read More]

CARY, N.C. — SubPrime Auto Finance News is proud to introduce a special March/April edition called "The SubPrime 60: The most influential businesses in the SubPrime Auto Finance Industry." While the feature is designed to cover the entire spectrum of companies ... [Read More]

BANDON, Ore. — Financial Institutions apparently are responding to public and congressional pressure to improve loan approvals, including auto loans, according to the latest analysis from CNW Research. While Congress did not offer much oversight when releasing TARP funds, the group ... [Read More]

BROOKFIELD, Wis. — Fiserv announced this week that its loan servicing platform can now manage indirect and other third-party loans. This expansion is designed to broaden the full-spectrum of loans to be processed and can provide online, real-time back-office transactions for ... [Read More]

VIENNA, Va. — This week Navy Federal Credit Union announced it has committed significant financial support to get consumers into new or used vehicles. More specifically, the financial institution has set aside $3.5 billion for these loans, which can be used to finance ... [Read More]

WOODCLIFF LAKE, N.J. — In an effort to drive consumer demand, BMW has launched a special finance payment program on select models in its lineup. Basically, BMW will take care of the first two payments (up to $750 per month/$1,500 maximum) on ... [Read More]

ALAMO, Calif. — Global Debt Network has expanded its auto loan transaction solution to include services for financial institutions and dealerships that originate recreational vehicle loans. The company is currently accepting motor home and towable recreational vehicles to be placed for sale and ... [Read More]

PONTIAC, Mich. — GuidePoint Systems, a telematics supplier, announced recently that it has been chosen by Automotive Credit Corp. to provide a customized collection solution for the company. GuidePoint plans to work with ACC to develop an enhanced collection strategy program ... [Read More]