Securities and Exchange Commission | Auto Finance News | Page 2 | Auto Finance News - Part 2

Compliance Pressure Points [SPONSORED]

Automotive dealers and lenders are facing tremendous profitability pressures this year. In fact, the Federal Reserve raised interest rates by 0.25 basis points in June — and signaled more increases were on the horizon. This increase will most likely exacerbate the trends already present, including low unit sales and soft applications. Now — more than ever — lenders […]

Harley Declines to Disclose Financial Info, Despite Regs

Harley-Davidson Financial Services is refusing to disclose the materials presented at a recent investor conference. HDFS, a subsidiary of publicly traded Harley-Davidson Inc., presented earlier this month at the American Financial Services Association’s 27th Credit Summit for Fixed Income Investors in New York. Powersports Finance made an official request for a copy of the presentation materials. Harley-Davidson […]

Ride Today Acceptance Rebrands, Post $5MM Cardiff Acquisition

Cardiff International Inc. signed a definitive merger agreement to acquire American Cycle Finance — formerly known as Ride Today Acceptance — as its subsidiary, in an all-stock transaction valued at $5 million. Following the acquisition, Cardiff’s total assets will increase to $13 million, according to a company press release. Powersports Finance first reported on the acquisition in […]

Carvana Files $100 Million IPO

Carvana, the online used-car marketplace, filed an initial public offering worth $100 million Friday. The company, which launched in 2012, generated $541.8 in revenue — a 180% year-over-year growth — and sold 27,500 vehicles to customers through its website, according to a form S-1 filed with the Securities and Exchange Commission. Carvana also experienced $152.6 […]

Trump’s SEC Chair Nominee Softens Position on Dodd-Frank Act

Jay Clayton, President Donald Trump’s nominee for Chairman of the Securities and Exchange Commission, has no “specific plans to” attack the Obama administration’s financial reform law, Dodd-Frank, he said Thursday during his Senate confirmation hearing. Prior to his hearing, Clayton was expected to play a key role in the president’s plan to dismantle the financial reform act, […]
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