Credit Unions Weather Tough Economy to Capture Share Amid Rivals’ Capital Constraints
While subprime credit woes and an anemic economy are hurting many auto lenders, a number of credit unions are finding ...
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Kids, Cancer Charities Top Execs’ Lists
For the past 10 years, Frank Mercer has supported the Leukemia and Lymphoma Society and the Make-A-Wish Foundation, two charities ...
Funding Pressures Force Closure of Sixth Gear
Even a seasoned management team and $1 billion in funding was no match for the difficult lending environment plaguing the ...
Measuring, Managing and Monetizing Auto Lease Risk — A New Paradigm
By Brad Emerson, Gary Schurman, and Laurent Schwartz Auto leasing has become the bad boy of the auto finance world. ...
Paulson Unveils Plan to Jumpstart Lending
Treasury Secretary Henry Paulson Jr. announced a plan this morning that calls for the Treasury and the Federal Reserve to ...
Insiders Say New President Should Focus on Financing
Calling the auto industry the “backbone” of U.S. manufacturing, President-elect Barack Obama has already pressed President George Bush to free ...
GMAC Eyes Move to Become Third-Party Servicer
As it pursues government funding and bank holding company status, GMAC LLC is mulling a move to service auto loans ...
Experts Analyze Impact of Manufacturing Scalebacks
The automotive industry is caught in a chicken-and-egg cycle: The economy is contracting, which is driving down consumer confidence and, ...
