Direct Lending ‘Not Efficient,’ Ally Auto’s Russi Says
President of Auto Finance at Ally Financial, Tim Russi (R), talks with JJ Hornblass (L), executive editor and publisher at...
Santander Anticipates Further Accounting Errors
Santander Consumer USA Inc. expects to report the existence of additional, previously unreported material weaknesses in internal control over financial reporting,...
Ally Updates App With Fico Score Availability
Ally Financial Inc. released a new version of its Auto Mobile Pay app Sunday, with a new alert feature notifying customers...
Santander’s Storm: When Will Skies Clear for the Subprime Giant?
When Santander Consumer USA Inc. (SC) went public on Jan. 24, 2014, the offer was 10 times oversubscribed and shares...
CFPB Fines Title Lender TMX Finance $9MM
The Consumer Financial Protection Bureau took action against TitleMax parent company TMX Finance LLC -- one of the country’s largest...
Hyundai Capital America to Boost Lease Volume with Genesis Finance
Hyundai Capital America expects to see growth in leasing volume through Genesis Finance, the company’s new branded captive, which launched Aug....
Increased Regulation Coming to Powersports
The Department of Defense released new guidance on the Military Lending Act in late August, which could have implications for the powersports...
Chase Auto Pulls Back on Longer-Term Loans
Chase Auto Finance has decreased the volume of 84-month auto loans it originates across all Fico bands, and continues to pull...
