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INDUSTRY UPDATE
Representatives from World Acceptance Corporation, New Century Financial and AmeriCredit join the AFSA Board of Directors.
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The company announced that its operating subsidiary, AmeriCredit Financial Services, Inc., has completed its acquisition of Bay View Acceptance Corporation, which was the auto finance subsidiary of Bay View Capital Corporation.
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The number of bankruptcy cases filed in federal courts rose 12.8 percent in the 12-month period ending March 31, 2006, according to statistics released May 26 by the Administrative Office of the U.S. Courts.
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GE Consumer Finance on May 30 announced a relationship with eBay Inc. and PayPal Inc. to launch the new PayPal® Plus Credit Card, a MasterCard credit card featuring a new rewards program exclusive for PayPal users.
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