SARASOTA, Fla. — Carbiz recently announced plans to expand from three stores to 15, in addition to appointing Stanton Heintz as the company's chief financial officer. The company specializes in the buy-here, pay-here segment of the market in Florida. "We ... [Read More]

FARMINGTON HILLS, Mich. — Chrysler Financial, a unit of DaimlerChrysler Financial Services Americas, recently announced it has expanded its non-prime financing alliance with CitiFinancial Auto. "Chrysler Financial is delighted to join with CitiFinancial Auto in support of our Chrysler, Jeep ... [Read More]

COSTA MESA, Calif., and TORONTO — Experian recently announced enhancements to its anti-money laundering detection platform to provide additional capabilities and flexibility for financial institutions as they monitor, investigate and report suspicious monetary activity. The company has added advanced risk ... [Read More]

HUNT VALLEY, Md. — Lee & Mason of Maryland Inc. is now offering auto lenders an innovative new program called Debt Protection that is designed to help increase loan contract volume, decrease delinquencies, increase fee income and more. Debt Protection ... [Read More]

NEWPORT BEACH, Calif. — Several industry veterans recently launched Flex Fund Financial Services to provide used-inventory floor-planning services for dealers and salvage buyers. Discussing the new company's services with SubPrime Auto Finance News, Cliff James, Flex Fund's chief executive officer ... [Read More]

DETROIT — In a recent survey, GMAC discovered that the majority of consumers are well-informed about the vehicle-purchasing process; however, executives said shoppers could take more time to understand their credit scores before reviewing financing options. Meanwhile, AAA reports that ... [Read More]

DEARBORN, Mich. — Ford Motor Credit announced it is consolidating and centralizing most of its originations and servicing operations in the United States to help reduce costs and improve process efficiencies. Moreover, the company said it is making salaried personnel ... [Read More]

ATLANTA — Manheim Automotive Financial Services, working in conjunction with Manheim's Orlando Orange County Auto Auction, announced the opening of its first satellite office in Jacksonville, Fla. Executives said this new office will provide dealers all the services that traditional ... [Read More]

SOUTHFIELD, Mich., and FORT WORTH, Texas — Credit Acceptance Corp. recently announced the completion of a $50-million credit facility, while AmeriCredit announced its 55th asset-backed securitization for $1.2 billion. Credit Acceptance Corp. said it completed a $50-million credit facility with ... [Read More]

TORONTO — DealerAccess Canada announced it has launched the eF&I Certified Finance Interface with Reynolds and Reynolds Canada as an enhanced bidirectional interface between the REYNOLDSYSTEM and the DealerAccess portal. Executives noted that the interface of DealerAccess with the REYNOLDSYSTEM ... [Read More]