Ally adds 2 new board members

Auto Finance Journal Staff

Ally Financial is diversifying the industry backgrounds of its board members. Ally announced that Brian Sharples and Trynka Shineman have been appointed to its board of directors, effective last Friday. The company highlighted the two executives have deep experience with global digital companies and will bring... Read More

Auto Finance Journal Staff

Toyota Financial Services didn’t look far for a replacement when one of the captive’s top leaders revealed his plan for retirement. This week, TFS announced that Mike Groff, the company’s president and chief executive officer, member of the company’s board of directors, and chief executive... Read More

Firstmark Credit Union partners with Carvana

Auto Finance Journal Staff

More than 100,000 credit union members now could have a clear path to financing a vehicle purchase if they use online retailer Carvana. Firstmark Credit Union — founded in 1932 by 10 teachers within the San Antonio Independent School District — recently partnered with Carvana. Members now have access to a... Read More

4 reasons why college students turn to leasing

Auto Finance Journal Staff

Soon college students will be returning to campuses nationwide for the start of the fall semester. Triggered by four primary reasons, Swapalease.com is providing students with a practical alternative to buying a vehicle that fits their needs, without tacking on crippling debt. Swapalease can allow students to take over... Read More

Nick Zulovich, Senior Editor

Two leading financial regulatory bodies — the U.S. Department of the Treasury and the Office of the Comptroller of the Currency — each took steps to involve themselves in the fintech space. On Tuesday, the Treasury Department released a report identifying improvements to the regulatory landscape that... Read More

Auto Finance Journal Staff

Experian Automotive previously reported that monthly payments for new-vehicle retail installment contracts originated during the first quarter reached a record high at $523. The monthly payment for a used model approached $400 with analysts pinpointing it at $372. On Tuesday, Ally Financial released results of a poll... Read More

Auto Finance Journal Staff

Autotech Ventures — a Silicon Valley venture capital firm that manages a fund of more than $120 million focused on startups — recently added to its human capital again. Autotech Ventures announced that early-stage venture capital investor and former entrepreneur, Daniel Hoffer, has joined the firm as a... Read More

AutoGravity names new CEO and CTO

Auto Finance Journal Staff

New leadership came aboard this week at AutoGravity. The digital vehicle-shopping and financing platform announced the appointment of Alex Mallmann as president and chief executive officer, and Jason Bonifay as chief technology officer. The announcement comes as the company hit a new milestone — reaching more... Read More

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