Auto Financing News

DALLAS – Dozens of harassing phone calls, unauthorized bank drafts and questionable repossessions – those are just some of the accusations leveled against an enormous local auto financer.

Santander Consumer USA is the most complained about company in Dallas. It says it follows all lending and collection laws; so why are so many consumers angry, frustrated and fighting back? And now the Texas attorney general is also demanding answers.

Consumers say the calls just never seem to stop.

Fifty times or more. It is terrible, said Leah Wilson.

Even to people who dont do business with them.

Harassment. This is total harassment, said Juan Santillan.

Europes...

Devils Lake, ND, February 09, 2012 –(PR.com)– Marketplace Ford is pleased to announce its 2011 Model Year Blowout Sale. Buyers can choose from several 2011 Ford and Lincoln models as part of this sale as well as sale prices and special financing.

For those that choose special financing, Marketplace Ford is offering 0% APR financing for sixty months on most 2011 models at its dealership.

In addition, there are select 2011 models that are being sold for low, sale prices. Customers can purchase a new 2011 Lincoln MKS AWD for only $45,861, a savings of over $8,000. The 2011 MKS comes with voice-activated navigation, dual-pane moon roof, heated exterior mirrors, post-crash...

I apologize for being about a month late on the regular quarterly update on Canadian Corporations and Trusts.

I was researching pink sheets stocks for another article, with no real intention of finding Canadians, but lo and behold, they found me! I discovered 27 new issue and undiscovered Canadian Corporations and Trusts yielding 5% or more to add to the FPI-Rated CanCorp spreadsheet. These discoveries have ballooned our count of Canadian issues by almost 25%, from 91 to 118 total choices.

With so many new choices to comb through, I am foregoing the normal review process for existing CanCorps and will focus only on describing and rating new issues. This may mean that changes...

(AP) NEW YORK — Ally Financial Inc. a $250 million fourth-quarter loss Thursday, pulled down by a $270 million charge stemming from expected regulatory and other government penalties related to past deceptive foreclosure practices.

The government-controlled lenders loss compared with a profit of $79 million in the same quarter last year. Excluding the $270 million charge, the bank said its core pretax income for the recent quarter totaled $246 million.

Ally was formerly GMAC, the auto financing arm of General Motors.

Last month, the countrys five largest mortgage lenders, including Ally, agreed to overhaul their industry and fix deceptive foreclosure practices that...

UPDATED 12:15 pm ET

White House hopeful Mitt Romney wants Michiganders to know he is one of them — even though he opposed the bailout of the dominant car industry that was started by President George W. Bush and continued by President Obama.

In an opinion piece in the Detroit News two weeks ahead of the February 28 primary, Romney focused heavily on his Michigan roots.

I am a son of Detroit. I was born in Harper Hospital and lived in the city until my family moved to Oakland County, Romney said in the opening line of his piece, which also touted his father role as the head of American Motors and his own life drinking the popular Detroit creation: Vernors...