Ally Will Give Mortgage Lending Another Try, CEO Says
While auto finance will still be its core business, Ally Financial is getting back into the mortgage origination business in 2016....
Dawood Appointed CFO at Santander Consumer
Santander Consumer USA Holdings Inc. today named Ismail Dawood as chief financial officer, effective Dec. 16. Dawood previously served as CFO...
CFPB Fines Clarity Services $8 Million
Clarity Services Inc., a credit reporting company specializing in the subprime segment, reached a consent order with the Consumer Financial Protection...
Ford, Ford Credit Bring Back 0% Deals for Yearend Push
Ford Motor Co. and Ford Motor Credit Co. brought back 0% finance offers this month and dropped the “Friends & Neighbors”...
Incentives, Leasing Mean Captives Slurp Up Share: Experian
Captive finance companies gained share in the third quarter, to 51.6% of new-vehicle loan originations. That was the highest captive...
Lease Share, Loan Size Hit Record Highs for Q3: Experian
Lease share of new-vehicle volume hit a record for the third quarter, barely beating a record set in the second...
Falotico Appointed Ford Credit COO
Joy Falotico is appointed chief operating officer for Ford Motor Credit Co. and a vice president for Ford Motor Co....
Meima is VW Credit President and CEO
Horst Meima becomes the new president and CEO of captive finance company VW Credit, based in Herndon, Va., effective Jan....
