Related Party Transactions

9 Months Ended

Sep. 30, 2015

Related Party Transactions [Abstract]

Related Party Transactions

RELATED PARTY TRANSACTIONS

In the normal course of our business, affiliated Dealers assign Consumer Loans to us under the Portfolio and Purchase Programs.  Dealer Loans and Purchased Loans with affiliated Dealers are on the same terms as those with non-affiliated Dealers.  Affiliated Dealers are comprised of Dealers owned or controlled by: (1) our Chairman and significant shareholder; and (2) a member of the Chairman’s immediate family.

Affiliated Dealer Loan balances were $9.5 million and $8.7 million as of September 30, 2015 and December 31, 2014, respectively.  As of September 30, 2015 and December 31, 2014, affiliated Dealer Loan balances were 0.3% and 0.4% of total consolidated Dealer Loan balances, respectively. A summary of related party Loan activity is as follows:

(Dollars in millions)	For the Three Months Ended September 30,
	2015				2014
	Affiliated Dealer  activity		% of  consolidated		Affiliated  Dealer  activity		% of consolidated
Dealer Loan revenue	$	0.5	0.3	%	$	0.4	0.3	%
New Consumer Loan assignments (1)	1.1		0.2	%	0.9		0.2	%
Accelerated Dealer Holdback payments	—		—	%	—		—	%
Dealer Holdback payments	0.3		0.8	%	0.3		0.9	%

(Dollars in millions)	For the Nine Months Ended September 30,
	2015				2014
	Affiliated Dealer  activity		% of  consolidated		Affiliated  Dealer  activity		% of consolidated
Dealer Loan revenue	$	1.4	0.3	%	$	1.2	0.3	%
New Consumer Loan assignments (1)	3.6		0.2	%	3.0		0.2	%
Accelerated Dealer Holdback payments	0.1		0.3	%	0.1		0.3	%
Dealer Holdback payments	1.0		0.9	%	1.1		1.1	%

(1) Represents advances paid to Dealers on Consumer Loans assigned under our Portfolio Program and one-time payments made to Dealers to purchase Consumer Loans assigned under our Purchase Program.