Risk Management
GM Financial Buys Ally’s Stake in Chinese Joint Venture
General Motors Financial Co. and GMAC UK Plc have completed the purchase of Ally Financial Inc.’s 40% equity interest in SAIC-GMAC...
NextGear Now Extending Loans to Franchise Dealers
NextGear Capital is offering loans to finance both new and used franchise dealerships’ inventory for the first time, according to a...
Toyota Makes Hydrogen Fuel Cell Patents Available Free of Charge
Toyota Motor Corp. announced that it will make thousands of hydrogen fuel cell patents available royalty free. The news came...
Bank of the West Invests in Mobility for 2015
Bank of the West will be releasing a new platform for mobile users in 2015, according to Senior Executive Vice...
SAFCo Nabs Former Exeter Exec to Head Risk Management
Southern Auto Finance Company, a Fort Lauderdale, Fla.- based nonprime lender, has hired Karyn Lentz, a former Exeter Finance Corp. executive,...
Ford to Offer Financing in India for the First Time
Ford Motor Credit Co. will offer vehicle financing in India for the first time, with the launch of Ford Credit...
NYDFS Closes Case Against Condor Capital
As the year comes to a close, so does the New York Department of Financial Services’ lawsuit against Condor Capital...
Mass. AG Reportedly Investigating SCUSA’s Subprime Practices
Massachusetts Attorney General Martha Coakley is said to be investigating Santander Consumer USA Inc.’s subprime auto lending practices, according to...
