Financial News

Ally Financial Inc. reported pre-tax income of $329 million for auto finance in the first quarter. This was a $61 million increase from the first quarter of 2018. Results reflect…
The Consumer Financial Protection Bureau announced changes to policies regarding civil investigative demands (CIDs) to ensure they provide more information about the potentially wrongful conduct under investigation. Consistent with the…
A recent study showed automotive dealers are increasingly installing customer relationship management (CRM) software in their backend systems to proactively identify opportunities and build customer loyalty. By 2025, automotive CRM…
Consumer Portfolio Services Inc. announced the closing of its second term securitization in 2019. The transaction is CPS's 32nd senior subordinate securitization since the beginning of 2011 and the 15th…
Columbus Fair Auto Auction (CFAA) was recently honored with GM Financial’s 2018 Auction of the Year award. It was presented to Alexis Jacobs at the 2019 Conference of Automotive Remarketing.…
Spireon was named IoT Vehicle Telematics Company of the Year in the 2019 Compass Intelligence awards. Selected by a judging panel of more than 40 industry-leading journalists, editors and analysts…
A proposed class-action lawsuit filed in federal court alleges Volkswagen defrauded consumers by selling vehicles labeled pre-production models as certified pre-owned (CPO). The pre-production models did not comply with U.S.…
The National Federation of Independent Businesses’ Small Business Optimism Index increased to 101.8 in March, after being briefly shaken by January’s government shutdown. Overall, the Index anticipates solid growth, keeping…
Equifax and Credit Bureau Connection (CBC) are teaming up to offer auto dealers and lenders the ability to provide consumers with access to credit information with no impact to their…
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