Global Lending Services | Auto Finance News | Auto Finance News

Global Lending Services to Venture Into Direct Lending

Global Lending Services is looking to build out a direct-to-consumer business, Auto Finance News has learned. "We are beginning to explore direct-to-consumer opportunities in the areas of direct-to-indirect, direct purchase, and refinance," Chief Executive Steve Thibodeau wrote to AFN in an email. "We will be exploring opportunities to partner with other lenders and players in the […]

Global Lending Services Delays Launch of Mobile Wallet

Subprime lender Global Lending Services pushed back the launch date of its mobile wallet functionality, which will allow consumers to make auto loan payments from their mobile devices, Chief Executive Steve Thibodeau told Auto Finance News. Initially slated for yearend 2018, the new capability will now be rolled out in March or April. The mobile […]

Global Lending Services Doubles Originations for Second Straight Year

Global Lending Services doubled its origination volume — for the second straight year — to $1.1 billion in 2018, Chief Executive Steve Thibodeau told Auto Finance News. The subprime lender's origination volume had doubled to $558 million in 2017. Thibodeau attributed the portfolio growth to the company's expanding dealership network, which increased 30%, to 8,000 […]

Subprime Issuers Gain Share of ABS Market

NEW YORK — Though subprime originations have declined, “a greater share of these originations are making their way into the securitization market,” Amy Martin, senior director of structured finance ratings at S&P Global Ratings, said during the agency’s Auto Industry Hot Topics event last month. With banks reducing their loan volume, independent finance companies have […]

Multiple Speakers Set to Engage in Performance and Compliance Summit

Auto Finance News is proud to welcome a full slate of diverse speakers to this year’s Auto Finance Performance & Compliance Summit to be held May 9-10 at the Omni Dallas. The speaker faculty has been finalized with two industry veterans opening the first day of the conference for fireside chats about risk and compliance. […]

Subprime Lender GLS Plans Mobile Wallet Integration

SAN FRANCISCO — Atlanta-based subprime lender Global Lending Services is aiming to build a mobile wallet by yearend, Andy Clements, senior vice president of information technology, said at Auto Finance Innovation 2018 last week. “We don’t, right now, have the mobile wallet, but we have that on the radar for the year,” he said. Ultimately, […]

3 Lenders to Share Insights on Building Compliance Management Systems

Three auto lenders are poised to share their insights for developing a comprehensive compliance program at this year’s Auto Finance Performance & Compliance Summit. The session, entitled “Practical Guidance for Developing a Compliance Program,” will take place Thursday, May 10, and include panelists Michael Lavin, executive vice president and chief legal officer for Consumer Portfolio […]
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