WASHINGTON, D.C. –
The U.S. Department of the Treasury’s ownership in Ally Financial continues to shrink.
Treasury officials on Friday announced the completion of the first pre-defined written trading plan for Ally common stock. Treasury said it sold 8,890,000 shares and recovered approximately $218.7 million for taxpayers.
With the conclusion of the first trading plan, Treasury said it now holds 66.2 million shares of common stock, or approximately 13.8 percent, of Ally.
Autonotebuyer
WASHINGTON, D.C. – Citing the countless Americans who have experienced heartbreak, frustration and devastation as a result of incomplete or erroneous information on their credit reports, today Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, released a proposal that would make sweeping reforms to our nation’s consumer reporting system.
The draft proposal, entitled the “Fair Credit Reporting Improvement Act of 2014,” will enhance requirements on the consumer reporting agencies (CRAs), and furnishers that provide information to these CRAs, to guarantee consumers have the capacity to ensure that the information on their credit reports is accurate and complete. The draft proposal comes in the aftermath of a number of recent court cases, news reports and studies that have detailed the significant problems and flaws in the current consumer reporting system.
Fair Credit Reporting
ATLANTA — With the subprime slice at levels “essential for a healthy economy,” the latest Equifax National Consumer Credit Trends Report indicated the total balance of auto loans midway through 2014 soared to a record high.
Sparked by a growth rate of more than 10 percent, Equifax said on Thursday the total balance of auto loans in finance company portfolios now stands at $902.2 billion.
Subprime auto finance company GO Financial completed the sale of a substantial equity interest in GO Financial to Manheim today, furthering connecting the dealer-support efforts of GO Financial and NextGear Capital.
GO Financial is now majority owned by DriveTime chairman Ernie Garcia and DriveTime president and chief executive officer Ray Fidel and minority owned by Manheim. NextGear Capital still is wholly owned by Manheim.
– See more at: http://www.autoremarketing.com
The Consumer Financial Protection Bureau has named an assistant director for the division that oversees auto finance.
Jeffrey Langer has joined the CFPB as the assistant director http://www.delicious.com/crosbyru/cfb
The Consumer Financial Protection Bureau has named an assistant director for the division that oversees auto finance.
Jeffrey Langer has joined the CFPB as the assistant director of installment and liquidity lending markets in the Bureau’s Research, Markets, and Regulations Division.
The typical BHPH dealer sells a vehicle and waits years to collect his money. By selling the notes after they have seasoned for a few months, dealers receive a discounted amount of the original note and can reinvest it in more inventory. http://www.delicious.com/crosbyru
Are you an Auto Dealer or Finance Company that creates auto notes, buy here pay here auto paper? Do you need CASH for inventory or for your business or personal use? Sell your auto notes, to increase your CASH flow and reduce your risk exposure. Let us show you how to increase your CASH flow without creating new debt, don’t wait for your customer to pay you off, Or total your car. We can help you get the financial flexibility needed to compete in today’s auto industry.If you are thinking about selling your buy here pay here portfolio, you probably have a lot of questions.
• “How many accounts do you buy?”
• ”What is the recourse period?”
• ” How much seasoning do they need?”
•“How long is the process?”
•“Who services the accounts?”
With over 36 years of experience in the automotive industry Financial Solutions has helped hundreds of dealers unlock the cash in their Auto Notes.
Call Us For A Free Portfolio Evaluation
Financial Solutions
We Turn Auto Notes Into Cash
615-414-6708 615-414-6708
Financial Solutions
Auto Note Buyer
Ally Financial Inc. has named Jeffrey Brown, currently senior executive vice president of finance and corporate planning, to the role of president and CEO of the dealer financial services business.
In this role, Brown will have oversight for the company’s leading automotive finance, insurance and auto servicing operations. He will continue to report to Ally CEO Michael A. Carpenter.
sellautonotes.com
The Consumer Financial Protection Bureau has named an assistant director for the division that oversees auto finance.
Jeffrey Langer has joined the CFPB as the assistant director of installment and liquidity lending markets in the Bureau’s Research, Markets, and Regulations Division.
sellautonotes.com
Sell Bulk Auto Notes - BHPH Auto Loan Buyer 