Congress May Consider Rescinding CFPB Dealer Guidance
Representatives Frank Guinta (R-N.H.) and Ed Perlmutter (D-Colo.) introduced the Reforming CFPB Indirect Auto Financing Guidance Act of 2015, or ...
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Wells Chalks Up Origination Decline to Focus on Quality
Wells Fargo & Co.’s first-quarter auto originations fell 10% year over year, the result of a move to bolster credit ...
Swapalease Signs Up WeGoLook for Vehicle Inspections
Swapalease.com signed an agreement with WeGoLook to use the company as its exclusive automotive inspection company for off-lease and trade-in vehicles ...
Hyundai Issues First ABS with Longer Loans After Extending Terms in 2014
Hyundai Capital America (HCA) came to market with a $1.17 billion offering backed by prime auto loans, according an S&P ...
Ally Financial Commits to Detroit With New Headquarters
Ally Financial Inc. will establish its new headquarters in the landmark One Detroit Center office tower, or the soon-to-be renamed ...
Regulators Target BHPH Dealers in Oregon
The National Independent Automobile Dealers Association and Oregon’s Independent Dealer Association are working together to prevent a bill from becoming law, ...
After Executive Exits, Exeter Restructures Its Operations
Thomas Anderson, Exeter CEO Exeter Finance Corp.’s January rollout of a new origination platform has reshaped the subprime lender by ...
Chrysler Capital’s Latest ABS Shows a Rise in Longer Loans
Chrysler Capital is the latest auto finance company to join the ABS pipeline in 2015, with a $732.05 million ABS ...
