AUL uses dealer & consumer feedback to compile 5 tips to help make F&I better
Monday, Aug. 2, 2021, 01:00 AM
SubPrime Auto Finance News Staff
With seven months of 2021 already completed, AUL Corp. senior vice president of strategic product development Jason Garner identified five key F&I tips to help dealerships and finance companies be even more successful during the remainder of the year. Garner ... [Read More]
Credit Acceptance, Wise F&I honored for great workplaces
Monday, Aug. 2, 2021, 12:58 AM
SubPrime Auto Finance News Staff
Credit Acceptance Corp. and Wise F&I each have received accolades for how great their workplaces are. For Credit Acceptance, the finance company that specializes in subprime auto financing now has claimed six accolades so far this year, with the most ... [Read More]
3 attorneys join Hudson Cook offices in Texas, Maryland & Washington D.C.
Friday, Jul. 30, 2021, 03:04 PM
SubPrime Auto Finance News Staff
This week, Hudson Cook reinforced its stable of legal experts with the hiring of new partner Megan Nicholls along with new associates Laura Bacon and Robert Tilley. “We are thrilled to welcome Meg, Laura and Rob to the Hudson Cook ... [Read More]
AFSA & CBA caution Senators about expanded use of MLA to create rate cap
Friday, Jul. 30, 2021, 03:02 PM
Nick Zulovich, Senior Editor
Earlier this year, compliance expert Randy Henrick dissected the complex new law in Illinois that’s creating challenges for dealerships, finance companies and service providers. Now some members of the U.S. Senate want to use a similar path to create nationwide ... [Read More]
Santander leveraging AutoFi technology to maintain positive performance trajectories
Thursday, Jul. 29, 2021, 04:21 PM
SubPrime Auto Finance News Staff
Coming off a quarter that included the most profitable one in company history, Santander Consumer USA Holdings wants to keep its momentum by leveraging technology to serve customers throughout the credit spectrum. Along with sharing its second-quarter results, this week ... [Read More]
ARA & Privacy4Cars partner to protect consumer personal information
Wednesday, Jul. 28, 2021, 04:05 PM
SubPrime Auto Finance News Staff
Repossessions agents now can secure more than just personal property from inside a repossessed vehicle. On Wednesday, the American Recovery Association (ARA) announced a partnership with Privacy4Cars, a technology company focused on identifying and resolving data privacy issues across the ... [Read More]
Servicing Solutions adds new VP of sales
Wednesday, Jul. 28, 2021, 04:03 PM
SubPrime Auto Finance News Staff
Servicing Solutions recently bolstered its team with the addition of Jeremy Hettman as vice president of sales, bringing nearly 20 years of consultative sales experience to the company. In this key role, Servicing Solutions said that Hettman will lead business ... [Read More]
SAFCO lands $204.5M in new financing via 2 providers
Friday, Jul. 23, 2021, 02:03 PM
SubPrime Auto Finance News Staff
Southern Auto Finance Co. (SAFCO) now has more financial resources to operate in the subprime auto finance space. The company announced this week that it finalized new partnerships with Capital One and One William Street that are providing a new ... [Read More]
Former CFPB director joins firm focused on cryptocurrency & machine learning
Friday, Jul. 23, 2021, 02:02 PM
SubPrime Auto Finance News Staff
The former director of the Consumer Financial Protection Bureau now has a new position in the private sector. Kathy Kraninger — who also is scheduled to appear for a fireside chat during the Non-Prime Auto Financing Conference hosted by the ... [Read More]
KBRA: Delinquency seasonality could be coming later this year
Thursday, Jul. 22, 2021, 03:20 PM
SubPrime Auto Finance News Staff
A day after S&P Dow Jones Indices and Experian reported that auto defaults sunk to a new all-time low in June, Kroll Bond Rating Agency (KBRA) released its latest indexes based on performance in the securitization market, illustrating how the ... [Read More]