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ThunderRoad Delays Second Securitization
ThunderRoad Financial LLC has delayed the issuance of its second asset-backed securitization in an effort to drum up greater investor...
Law to Revamp CFPB Unlikely, Lawyer Says
A House of Representatives panel on Tuesday approved a proposal to revamp the Dodd-Frank Act, by voting to send the Financial CHOICE...
Porsche Financial Services Canada Appoints New President, CEO
David Williams, President and CEO, Porsche Financial Services Canada. (CNW Group/Porsche Cars Canada) David Williams, former director of sales and...
Westlake Takes ‘Aggressive’ Stance on Acquisitions, Exec Says
Advanced Lending & Portfolio Services (ALPS), a division of Westlake Financial Services Inc., this week acquired a $5.9 million bulk auto...
TFS Opts for RouteOne’s Booking Platform
Toyota Financial Services will use RouteOne LLC’s contract processing platform, Straight-Through Processing, to automatically book TFS electronic contracts "with no human interaction,"...
ABS Presell Strategy Boosts Demand, Lowers Cost
Bolstered demand for lower-rated securities has made it cheaper for subprime lenders to securitize. To secure the lower cost of...
TD CEO: Lenders Manage Subprime Responsibly
The auto finance industry, as a whole, is being “disciplined and very careful,” particularly in subprime, despite the market’s view that lenders...
Subprime Powersports Lender on Pace to Hit Dealer Goal
BOSTON — Ride Today Acceptance added a dozen dealers to its network in August, with another 15 “in the works,” National Sales Manager...
