Company Overview of First Investors Financial Services Group Inc.
First Investors Financial Services Group, Inc., together with its subsidiaries, operates as a consumer finance company in the United States. The company specializes in lending to consumers with impaired credit profiles. It engages in originating and holding for investment retail installment sales contracts and promissory notes receivable secured by new and used automobiles, and light trucks primarily arising from the sale of the vehicle by factory authorized franchised dealers or through a refinancing transaction with the vehicle owner. The company also purchases receivables in portfolio acquisitions or from other third party originators; and performs third-party servicing for unaffiliated p...
675 Bering Drive
Houston, TX 77057
Founded in 1988
Key Executives for First Investors Financial Services Group Inc.
Co-Founder, Chairman of the Board, Chief Executive Officer and President
Chief Financial Officer, Principal Accounting Officer, Executive Vice President, Secretary and Treasurer
Chief Operating Officer and Senior Vice President
Senior Vice President and Director of Risk Management
Senior Vice President, Director of Finance and Corporate Controller
Compensation as of Fiscal Year 2014.
First Investors Financial Services Group Inc. Key Developments
Aquiline Reportedly To Sell First Investors Financial Services
Oct 27 14
Aquiline Capital Partners LLC is looking to sell auto finance company First Investors Financial Services Group Inc., reported peHUB citing two sources. The sale process for First Investors is believed to be at an advanced stage. One of the sources said, "It’s going to be sold shortly in the next couple of weeks." The source noted that Aquiline is seeking bids of 2.5x to 3x book value. Two sources said that Wells Fargo is advising on the sale. Executives for Aquiline, First Investors and Wells Fargo declined to comment to peHUB.
Consumer Financial Protection Bureau Orders First Investors Financial Services Group to Pay $2.75 Million Fine
Aug 21 14
Consumer Financial Protection Bureau orders First Investors Financial Services Group to pay $2.75 million fine for failing to fix 'known flaws' in computer system that provided inaccurate information to credit-reporting agencies about consumers' loan payments and other information.
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