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Carmax Test Yields $9M of Subprime Loans
Carmax Inc.’s new in-house test run of a subprime lending unit originated $9 million in auto loans since January 2013,...
Forecast for Auto Finance’s Future
In today's rising rate environment, and despite surging car sales, the industry's future remains shaky. Compliance and competition -- call...
E-Contract Volume Hits 50% for Trio of Captives
The volume of loans contracted electronically in February neared 50% for Ford Motor Credit Co. and grew to the high-50%...
TrueCar Files IPO, Discloses Plans for Lending Tools
Online auto-shopping service TrueCar Inc. filed for an initial public offering on April 3. The company, which focuses on new...
CBA, AOL Debut Financial Optimism Index
The Consumer Bankers Association and AOL Inc. have launched the Finance Optimism Index, a “litmus test of how people feel...
Why it’s Important to Right-Size Your Compliance Staff
Representatives from four different companies offered their views on how to build the best compliance staff at the webinar, which...
Tax Refunds Will Boost Auto ABS, Fitch Says
Tax day this year might not be the bear it usually is. At least to some auto finance industry folks....
GM Financial Said to Be Readying $705M Lease Securitization
GM Financial is premarketing a potential $705 million auto lease asset-backed securitization, according to Thomson Reuters. A GMF spokeswoman would...
