Reynolds Acquires Wolters Kluwer’s Indirect Loan Origination Solutions

MINNEAPOLIS — Reynolds and Reynolds Co. completed this week its acquisition of Wolters Kluwer’s indirect loan origination solutions for €32 million — around $36 million — in cash. As part of the acquisition, Reynolds adds Wolters Kluwer’s AppOne software, risk mitigation services and bankers systems. Reynolds also gains Wolters Kluwer’s line of preprinted and electronic ... Read More »

CFPB Considering Ban on Arbitration Clauses

WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) announced it is considering proposing rules that would ban arbitration clauses in consumer financial services contracts, less than five months after 50 members of Congress urged the bureau to eliminate such clauses. Describing arbitration clauses as a “free pass” to block consumers from suing in groups to ... Read More »

NADA Expands Effort to Protect Dealer-Assisted Financing

Wells Fargo Dealer Services Opens Second Office in New Jersey

IRVINE, Calif. — Wells Fargo Dealer Services announced today the opening of its 56th Regional Business Center (RBC). The new RBC is in Cherry Hill, N.J., and will serve approximately 150 existing auto dealerships in the region. Bank officials said the new office reflects Wells Fargo Dealer Services’ continued commitment to providing localized service to ... Read More »

Auto Finance Companies Originating More Loans Than Banks, Credit Unions, Equifax Reports

CUDL Credit Unions Picking Up the Pace

Wolters Kluwer Offers Universal Lease Agreements

Indirect Lending Key for Growth, Say Banks and Credit Unions