Deals from Drive Financial Services and DriveTime, two regular nonprime auto ABS issuers, will no longer be in danger of being confused for one another. That is because the Dallas-based Drive Financial recently sued Phoenix-based DriveTime in order to force that company to stop using the name DriveTime in relation to its ABS deals, according to a source close to the situation.

Drive Financial, which is partly owned by Bank of Scotland, felt the name DriveTime was too similar and wanted to ensure there was no confusion where the two companies business lines cross, such as in the non-prime auto ABS market.

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