News Feed
RBS Citizens Announces IPO
After months of speculation, The Royal Bank of Scotland plc has put Citizens Financial Group, Inc., on the market. Citizens...
The IT That Can Improve Dealer Comp Consistency
As the Consumer Financial Protection Bureau (CFPB) continues to expand the reach of its regulatory oversight, indirect auto lenders are...
Questions Hover as Condor Capital Heads to Court
In April, N.Y. State’s Department of Financial Services obtained a temporary restraining order in federal court against Hauppauge, N.Y.-based subprime...
Underwriters Increase Take of Ally Stock
Underwriters on Ally Financial Inc.’s initial public offering have elected to partially exercise the over-allotment option to buy an additional...
Prospect Capital’s Acquisition of Nicholas Delayed
Prospect Capital Corp. no longer expects its acquisition of Nicholas Financial Inc. to close by June 12 as originally planned, according...
Judge in Condor Case Says Outside Counsel Has Conflicts with Wells Fargo
The judge in the Condor Capital Corp. case brought by the N.Y. State Department of Finance raised concerns that the law...
Settlement or Not, Ally to Stick With Discretionary Comp
Dan Soto, Ally's Chief Compliance Officer “We don’t discriminate,” he told attendees at the Auto Finance...
At Least Six Auto Lenders Said to Be in CFPB Crosshairs
The Consumer Financial Protection Bureau is purportedly engaged in at least six fair lending actions against auto finance companies, a...
