News Archive
FTC's Delay of Red Flag Enforcement Does Not Apply to Many Dealers -- November 06, 2008
WASHINGTON, D.C. — Last month, the Federal Trade Commission announced a delay in its enforcement of the Red Flags Rules until May of next year. So, does this mean dealers have more time to prepare? In many cases, it does not. ... [ Full Story ]
GMAC's Auto Finance Unit Reports $294 Million 3Q Loss -- November 06, 2008
NEW YORK — Reporting its preliminary third-quarter results, GMAC Financial Services indicated that its auto finance division experienced pressure from lower used-vehicle prices, in addition to ... [ Full Story ]
Nicholas Financial Struggles Through These Difficult Times -- November 06, 2008
CLEARWATER, Fla. — Like many other portfolio purchasers and servicers during the current economic and credit environment, Nicholas Financial reported that it had a difficult second quarter, with its chief executive officer saying he doesn't expect to witness improvement soon. Overall, net income ... [ Full Story ]
For First Time Since New Bankruptcy Law Monthly Filings Top 100,000 -- November 06, 2008
ALEXANDRIA, Va. — Overall, U.S. consumer bankruptcy filings jumped 40 percent throughout the nation in October, compared to ... [ Full Story ]
RouteOne Introduces New Red Flags Compliance, Fraud-Prevention Solution -- November 04, 2008
FARMINGTON HILLS, Mich. — RouteOne has launched a new tool, powered by TransUnion, that can help dealers comply with the Federal Trade Commission's Red Flags Rule and also ... [ Full Story ]
CBA Automobile Finance Conference Unveils Keynote Speaker, Details -- November 04, 2008
ARLINGTON, Va. — The Consumer Bankers Association announced the keynote speaker for its 29th Premier Automobile Finance Conference & Tradeshow in addition to several other event details. Delivering the keynote address will be ... [ Full Story ]