Desert Schools FCU Rides RouteOne ToIndirect Lending

February 12, 2006, 1:00 a.m. EST 1 Min Read

PHOENIX - (02/03/06) Desert Schools FCU said it hasfully integrated RouteOne LLCs finance application for itsindirect lending program. The system will allow the $2.2 billioncredit union to originate and complete loans at its more than 200dealers without the borrower ever having to set foot in the creditunion. RouteOne is a partnership among the finance arms of themajor car manufacturers, including DaimlerChrysler Services, FortMotor Credit, GMAC and Toyota Financial Services.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Politics

Brokered deposit bills fly through HFSC

A bill on reciprocal deposits passed the committee unanimously, while another measure on custodial deposits passed by a wide, bipartisan margin.

By Claire Williams

9h ago
Payments

PayPal's P2P upgrade has a crypto kicker

The payment company has made a series of moves to bolster its stablecoin and other coins to build a market for digital assets. Its Links feature adds to the strategy.

By John Adams

10h ago
Google

What banks need to know about Google's AI agent protocol

Google has launched its Agent Payments Protocol, an open protocol that establishes a payment-agnostic framework for users, merchants and payments in agentic AI. Payment companies such as Adyen, American Express, Mastercard and PayPal helped develop the protocol.

By Joey Pizzolato

11h ago
Fraud

SEC charges leader of $770 million ATM-centered Ponzi scheme

Prosecutors say Daryl Heller lured 2,700 investors with promises of safe ATM profits but misappropriated $185 million.

By Carter Pape

11h ago
Data sharing

JPMorganChase reaches deal to charge Plaid for customer data

The companies have signed a new data-sharing agreement that includes an undisclosed pricing structure. Plaid said it will not pass the new costs on to its clients.

By Penny Crosman

September 16
CRA

Senate Democrats urge regulators to rethink CRA reversal

A group of Democratic Senators led by Elizabeth Warren, D-Mass., urged regulators to keep the 2023 Community Reinvestment Act overhaul, saying the rule was carefully crafted with bipartisan input.

By Ebrima Santos Sanneh

September 16