SubPrime Auto Finance News Staff

One forwarding company evidently is performing “The Toyota Way.” Millennium Capital and Recovery Corp. closed 2017 with a bang by earning the prestigious Kaizen Award from Toyota Financial Services (TFS). The Hudson, Ohio-based firm was recognized for its continuous innovation and pursuit of excellence in... Read More

SubPrime Auto Finance News Staff

Two more Hudson Cook partners are receiving accolades for their depth of knowledge and performance within consumer finance law. Hudson Cook partners Lucy Morris and Ryan Stinneford have been elected as Fellows of the American College of Consumer Financial Services Lawyers (ACCFSL). Membership in the ACCFSL is limited to... Read More

SubPrime Auto Finance News Staff

GrooveCar recently highlighted credit unions from 14 different states joined its online vehicle buying program during the fourth quarter. GrooveCar, which provides credit union partners with continuous support services, market consulting, marketing collateral support to optimize communications with members and more,... Read More

Nick Zulovich, Senior Editor

Well, here is an interesting twist, since probably the last thing that auto finance companies or dealerships feel if they’ve been ed by the Consumer Financial Protect Bureau is that they’ve won the lottery. There have been several times that the CFPB has issued civil investigative demands... Read More

SubPrime Auto Finance News Staff

CoreLane Technologies, a provider of innovative transactional connectivity solutions for dealers and finance companies, on Monday announced that Automotive Credit Corp. will make the innovative CreditLane platform available to its network of dealers. Executives highlighted the CreditLane platform, which can integrate... Read More

PAR North America promotes 3 executives

SubPrime Auto Finance News Staff

Coming on the same day KAR Auction Services named a new president at ADESA, another business unit within the company made a trio of promotions. PAR North America, a leading U.S. provider of vehicle transition services with coast-to-coast solutions for recovery management, skip-tracing, remarketing and title services,... Read More

SubPrime Auto Finance News Staff

Investment firms continue to push funds into the auto finance space. Not long after defi SOLUTIONS landed $55 million, Innovate Auto Finance — a purchaser and servicer of automobile loan portfolios and provider of line-of-credit financing — said it has been retained by a multinational investment firm to... Read More

Ally pledges $750M to buy contracts from DriveTime

SubPrime Auto Finance News Staff

DriveTime might be still searching for a new chief executive officer, but the retailer that specializes in working with consumers with soft credit now has more resources for originations. Ally Financial on Wednesday announced that it has entered into an agreement to purchase retail contracts from DriveTime. Under the... Read More

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