State Employees' Credit Union (SECU) has partnered with Hertz Car Sales to help provide quality, late-model used vehicles to its members at a reasonable cost. SECU has also partnered with Enterprise Car Sales to provide a similar service to its members. Hertz Car Sales offers used vehicles at low fixed prices priced at or below NADA retail value. A variety of makes and models are available for sale, with most vehicles being recent year models with less than 50,000 miles. To ensure that members are getting a quality vehicle, Hertz provides past vehicle service records for review prior to purchase. Each Hertz vehicle is backed by a 12-month/12,000 mile limited powertrain warranty and a 5-day/500 mile customer satisfaction policy. SECU said that to make purchasing a vehicle even easier, SECU has increased the maximum loan amount for its Basic Transportation Loan to $15,000 if members purchase a vehicle from Hertz (4.75% APR up to 100%, with " liberal underwriting guidelines" for members in need of a primary vehicle). As an added benefit, members purchasing a car through Hertz will receive a $300 Member Vehicle Cash Back Bonus deposited in their share account.
-
Judge Mark T. Pittman sided with the Consumer Financial Protection Bureau in ordering the case be moved from Texas to the District of Columbia due to "forum shopping."
3m ago -
Synovus Financial demonstrated at an industry conference how it is using Microsoft's Copilot to help its staff address customers' concerns.
March 28 -
The U.S. arm of Spanish banking giant Santander has hired Swati Bhatia to oversee retail banking and its digital transformation efforts. Bhatia joins at "an inflection point" for the company, which aims to be "a digital bank with branches," CEO Tim Wennes said.
March 28 -
Mariya Rosberg is named Americas head of banking and financial services at Marsh McLennan's Oliver Wyman unit; startup ZayZoon raised $15 million in a new funding round; and more in the weekly banking news roundup.
March 28 -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28 -
Once a prominent figure spurring financial institutions to engage in cryptocurrency, Bankman-Fried's downslide began with the collapse of the digital asset exchange FTX in late 2022 and hit rock bottom with his sentencing to 25 years in prison.
March 28