News Feed
CPS Enters Into Third Credit Facility
Consumer Portfolio Services (CPS) announced yesterday that it has entered into a new two-year revolving credit agreement with Credit Suisse...
GE Capital Unloads Transportation Finance Business
Toronto-based BMO Financial Group completed the acquisition of General Electric Capital’s U.S. transportation finance business, the companies announced today. The...
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....
Customer Engagement on Track for 2016, Pelican Exec Says
SCOTTSDALE, Ariz. — Subprime lender Pelican Auto Finance LLC expects to launch its Customer Engagement 2.0 initiative in 2016, introducing...
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....
Auto ABS Losses Trend Higher, Still Below Recession Levels, Fitch Says
Both prime and subprime ABS losses are trending higher, according to Fitch Ratings: subprime annualized net losses (ANL) rose, for...
DriveTime Takes Another Step Toward Paperless, CFO Says
SCOTTSDALE, Ariz. — DriveTime Automotive Group is in the final phase of prepping a paperless loan modification system, to be...
Going Direct Means Also Going Digital, Prestige Says
Salt Lake City-based subprime lender Prestige Financial Services announced back in September it would join the pipeline of direct lenders,...
