Financial News

Jonathan Banks has been promoted to vice president and general manager of vehicle valuations at J.D. Power. Banks has been in the auto industry since 1995. He’s managed the development…
Consumer Portfolio Services Inc. recently announced the closing of its fourth term securitization in 2018. The transaction is CPS's 30th senior subordinate securitization since the beginning of 2011 and the…
GM Financial Company Inc. announced net income of $441 million for the quarter ended Sept. 30, compared to $442 million for the quarter ended June 30 and $202 million for…
Tightening credit conditions continued to squeeze car shopper’s wallets in October, according to Edmunds. The annual percentage rate (APR) on new financed vehicles averaged 6.2 percent in October, a 1.3…
Experian, FICO and Finicity announced a new credit score called Ultra FICO. With Ultra FICO, a consumer grants permission to contribute information from banking statements, including the length of time…
Crescent Bank and Trust has selected Consolidated Asset Recovery Systems vendor manager and servicing solution Market Place Manager to support its repossession and remarketing needs. Crescent will utilize CARS’ Internet…
The employment situation keeps improving, but consumers are unsure of how long this can continue. Private sector employment increased by 227,000 jobs from September to October according to the October …
Primeritus Financial Services received the Recovery Services Excellence Award from Toyota Financial Services. This is Toyota’s most recent supplier recognition program for fiscal year 2018. The program is intended to…
Kerrigan Advisors has opened a second office in the Washington, D.C., metro area. Heading the new office is automotive retail real estate veteran Gabriel (Gabe) Robleto, who has been named…
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