New ValidiFI report reinforces importance of spotting high-risk indicators of ACH transactions
Wednesday, Sep. 25, 2024, 11:10 AM
LegalShield: Spiking consumer financial stress 'not a fluke'
Thursday, Sep. 26, 2024, 11:32 AM
Survey: Despite notable lack of emergency funds, majority of Americans feel confident about handling unexpected expenses
Tuesday, Sep. 24, 2024, 10:28 AM
From the editor: Remembering Jack Tracey
Friday, Jun. 25, 2021, 06:15 PM
Nick Zulovich, Senior Editor
Jack Tracey was a man I looked up to — literally and figuratively. Likely similar to scores of other industry executives, I was jarred this week to learn of the passing of Jack Tracey, a founder and the only executive ... [Read More]
NAF Association executive director Jack Tracey passes away
Friday, Jun. 25, 2021, 06:13 PM
Nick Zulovich, Senior Editor
The National Automotive Finance Association said one of its founders and the only executive director it's ever had passed away earlier this week. The NAF Association confirmed in a statement on Friday that Jack Tracey passed away on Monday after ... [Read More]
DriveItAway gains Knightsgate Ventures as institutional investor
Friday, Jun. 25, 2021, 04:06 PM
SubPrime Auto Finance News Staff
DriveItAway has a new institutional investor. The platform that offers dealerships the chance to provide cash-strapped customers the opportunity to secure a vehicle via its rent-to-own technology announced this week that Knightsgate Ventures — a leading venture capital firm focused ... [Read More]
Lendbuzz lands nearly $700M in growth resources through new funding & debt financing
Friday, Jun. 25, 2021, 04:03 PM
SubPrime Auto Finance News Staff
Lendbuzz is striving to modernize what it contends is an “outdated” auto-finance industry, with a focus on serving consumers who have thin or no credit history in the United States. And its drive toward that modernization got quite a financial ... [Read More]
TransUnion: Majority of consumers made payments while in accommodation programs
Thursday, Jun. 24, 2021, 02:28 PM
SubPrime Auto Finance News Staff
Even when finance companies helped their customers with installment payment accommodations during the worst of the pandemic, providers oftentimes still saw funds following into their collection baskets. That’s one of the conclusions from a new TransUnion study that found the ... [Read More]
CFPB reinforces activities with potential MLA ties
Tuesday, Jun. 22, 2021, 01:49 PM
SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau is taking another deeper look at industry activities and the Military Lending Act (MLA) that one compliance expert said that it “bears watching.” Last week, the CFPB issued an interpretive rule that explains the basis ... [Read More]
Dealertrack Auto Credit Availability Index dips in May
Monday, Jun. 21, 2021, 03:10 PM
SubPrime Auto Finance News Staff
You might have noticed it’s been a little more difficult to get your potential buyer’s deal bought by your network of finance companies. The newest Dealertrack Auto Credit Availability Index showed just how much of a pinch in paper funding ... [Read More]
More executive changes at Credit Acceptance
Friday, Jun. 18, 2021, 03:37 PM
SubPrime Auto Finance News Staff
The high-level executive changes at Credit Acceptance continued this week. About three months after chief executive officer Brett Roberts announced his retirement, the subprime auto finance company said through a filing with the Securities and Exchange Commission that chief legal ... [Read More]
EFG Companies reinforces field team with 3 new additions
Friday, Jun. 18, 2021, 03:36 PM
SubPrime Auto Finance News Staff
EFG Companies announced three new additions to its national field team, tapping professionals who have experience at places such as Cox Automotive, dealerships and academia. According to a news release distributed this week, Jay Gordon, former director of enterprise accounts ... [Read More]
Cox Automotive & NAFCU examine latest Federal Reserve actions
Thursday, Jun. 17, 2021, 01:43 PM
Nick Zulovich, Senior Editor
Experts from Cox Automotive and the National Association of Federally-Insured Credit Unions (NAFCU) each digested actions and comments by the Federal Reserve on Wednesday after the Federal Open Market Committee (FOMC) voted unanimously to keep interest rates unchanged. Both experts ... [Read More]