FARMINGTON HILLS, Mich. — Once the Chrysler Financial sale is complete in the third quarter, DaimlerChrysler Financial Services Americas said the corporate staff supporting its Mercedes-Benz Financial and Truck Financial business units will move to a new location in Farmington ... [Read More]

CLEARWATER, Fla. — CIQ Inc. /Voisys announced that it has partnered with SendTec, a search-centric, multi-channel marketing agency, to increase lead volume and quality. By using SendTec's search-centric marketing services, CIQ/Voisys said it will be able to further develop and ... [Read More]

PASADENA, Calif. — VantageILM Inc. announced the five individuals who will serve on its newly formed board of directors. "VantageILM is on a fast-growth trajectory," said Robert Yuan, founder and president of the company. "We're pleased to have this talented ... [Read More]

McLEAN, Va. — By integrating all subsidiaries into One Program, Ryan Schneider, president of Capital One Auto Finance, said his company now auto approves 98 percent of all auto loans, with an average decision time of less than 45 seconds. ... [Read More]

HOUSTON — Drive Financial recently settled a class action lawsuit, which involved more than 1,150 Texas residents who claimed Drive violated numerous federal and state consumer protection laws while attempting to collect debts. Attorney Richard Tomlinson said he filed suit ... [Read More]

WASHINGTON, D.C. — Bankruptcy filings for the first quarter came in as the highest on record at 193,641, according to the Administrative Office of the U.S. Courts. "This was a 66-percent increase when compared to the 116,771 filings in the ... [Read More]

KING OF PRUSSIA, Pa. — Fiserv Auto Solutions announced it has integrated its Loan Origination System with RouteOne. "There are two factors that impact a lender's success in indirect automotive finance: dealer relationships and the ability to quickly respond to ... [Read More]

WASHINGTON, D.C. — According to the American Bankers Association's Consumer Credit Bulletin, indirect auto loan delinquencies came in a bit higher in the first quarter at 2.73 percent, compared to 2.57 percent in the fourth quarter of last year. Indirect ... [Read More]

SAN FRANCISCO — Wells Fargo & Co.'s board of directors named John Stumpf, former chief operating officer, as the new chief executive officer last week. Officials said Stumpf will retain his title of president, which he had while recently serving ... [Read More]

BENTONVILLE, Ark., and RICHMOND, Va. — Buy-here, pay-here auto group, America's Car-Mart, reported that it slowed sales to improve credit quality, which resulted in a decline in revenue and net income for its fourth quarter. Meanwhile, CarMax continued its expansion, ... [Read More]