CFPB focuses on forwarders in new report about repossessions
Friday, Jan. 24, 2025, 10:24 AM
SubPrime Auto Finance News Staff
The industry’s wait for the Consumer Financial Protection Bureau (CFPB) to release more findings stemming from its project associated with auto financing finally ended on Thursday morning. The CFPB said its resulting report showed that the rate of auto repossessions ... [Read More]
As designated FTC chair, Ferguson already making major changes per Trump orders
Thursday, Jan. 23, 2025, 10:06 AM
SubPrime Auto Finance News Staff
Within hours of being inaugurated for the second time, President Trump officially designated Andrew Ferguson as chairman of the Federal Trade Commission. “I am honored that President Trump chose me to lead the Federal Trade Commission,” Ferguson said in a ... [Read More]
PODCAST: Moving repo cars & why ‘old habits die hard’
Wednesday, Jan. 22, 2025, 03:06 PM
SubPrime Auto Finance News Staff
We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a panel discussion focused on why “old habits die hard” when it comes to transporting repossessed vehicles. Moderated by Jay Wertzberger ... [Read More]
3 primary F&I offerings on deck from JM&A Group at NADA Show 2025
Wednesday, Jan. 22, 2025, 11:23 AM
SubPrime Auto Finance News Staff
While the attendees are gradually navigating to snow-covered New Orleans for NADA Show 2025, JM&A Group is also gearing up to roll out a variety of training and services aimed at enhancing a dealer’s F&I business. Among the planned activities ... [Read More]
StoneEagle & ConnexPay partner to boost efficiencies for third-party product providers
Wednesday, Jan. 22, 2025, 11:20 AM
SubPrime Auto Finance News Staff
StoneEagle on Tuesday announced a strategic partnership with ConnexPay and the launch of integrated payments with StoneEagle’s administration F&I solutions. By prioritizing security and compliance, StoneEagle highlighted that ConnexPay can ensure financial data is protected with advanced encryption while adhering ... [Read More]
Edmunds & KBB on rising new-car prices & negative equity
Tuesday, Jan. 21, 2025, 10:32 AM
SubPrime Auto Finance News Staff
New data and analysis from Edmunds and Cox Automotive’s Kelley Blue Book focused on new-vehicle financing, reinforcing how difficult it might be for consumers with subprime credit to take delivery of a new model. And the volume of negative equity ... [Read More]
CFPB penalties against American Honda Finance & Equifax approach $30M
Monday, Jan. 20, 2025, 11:08 AM
SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau finished last week with notable actions against a captive finance company and a credit bureau with total penalties against the companies approaching $30 million. Focused on the same topic the CFPB used to craft a ... [Read More]
ComplyAuto & Informativ integrate compliance platforms
Friday, Jan. 17, 2025, 09:23 AM
SubPrime Auto Finance News Staff
Described by the service providers as a move “that promises to reshape the landscape of privacy, F&I, and credit compliance software,” ComplyAuto and Informativ recently announced a strategic relationship that will integrate their respective platforms to deliver dealers a comprehensive ... [Read More]