Foster’s 40-year career now includes being named Repossession Agent of the Year
Wednesday, Oct. 30, 2024, 01:15 PM
NAF Association touts success of Compliance Champions Workshop
Thursday, Oct. 31, 2024, 09:55 AM
New TransUnion research highlights broad interest in refinancing
Wednesday, Oct. 30, 2024, 10:44 AM
Car Capital boosts brain trust with 2 new advisors
Friday, May. 14, 2021, 03:36 PM
SubPrime Auto Finance News Staff
Car Capital continues to make moves to establish itself as an up-and-coming auto-finance technology company that strives to get any deal bought no matter the consumer credit background. After securing two separate rounds of funding, the company announced the appointment ... [Read More]
April credit availability comparisons come against ‘abnormal’ conditions
Thursday, May. 13, 2021, 02:18 PM
SubPrime Auto Finance News Staff
Cox Automotive reported this week that auto financing availability in April was the most accessible since April 2020, according to the Dealertrack Auto Credit Availability Index. But analysts acknowledged that making year-over-year comparisons is challenging, since they’re versus the outset ... [Read More]
AUL shores up financial leadership with moves involving CFO & controller
Wednesday, May. 12, 2021, 01:48 PM
SubPrime Auto Finance News Staff
AUL Corp. reinforced its executive leadership this week to ensure the F&I provider remains on solid financial footing. First, AUL appointed industry veteran Dennis Mara as the firm’s new chief financial officer after four months of serving in the position ... [Read More]
REPAY to acquire BillingTree for $503M
Wednesday, May. 12, 2021, 01:37 PM
SubPrime Auto Finance News Staff
REPAY made a significant increase in its collections capabilities this week, announcing it has signed a definitive agreement to acquire BillingTree for approximately $503 million. According to a news release, the acquisition will be financed with approximately $275 million in ... [Read More]
S&P Global Ratings spots decline in subprime extensions, examines resulting defaults
Monday, May. 10, 2021, 03:03 PM
SubPrime Auto Finance News Staff
S&P Global Ratings recently discussed two topics quite relevant to finance companies: contract extensions and resulting defaults as well as actions at the Federal Reserve. Analysts discovered that as of February, extensions on auto-finance contracts contained in public asset-backed securities ... [Read More]
JM Family Enterprises appoints interim CFO
Friday, May. 7, 2021, 01:41 PM
SubPrime Auto Finance News Staff
With an eye toward the future, JM Family Enterprises is turning to an executive with the company for the past 24 years to be its interim chief financial officer. Taking on the CFO role temporarily as well as continuing to ... [Read More]
APCO rolls out consultative approach for reinsurance programs
Friday, May. 7, 2021, 01:33 PM
SubPrime Auto Finance News Staff
APCO Holdings is looking to cater to the wide array of approaches to retailing vehicles with its latest strategy for reinsurance programs. The provider and administrator of F&I products and home to the EasyCare and GWC Warranty brands said this ... [Read More]
PODCAST: Compliance update with expert Randy Henrick
Thursday, May. 6, 2021, 01:59 PM
SubPrime Auto Finance News Staff
Compliance expert Randy Henrick made a return appearance this week on the Auto Remarketing Podcast. Henrick, who welcomes clients via his website at AutoDealerCompliance.net, shared his perspectives on what the compliance landscape has been like so far this year, also ... [Read More]
From the editor: Reinforcing my affinity for repossession agents
Wednesday, May. 5, 2021, 06:04 PM
Nick Zulovich, Senior Editor
If you have read the content for some time generated by us here at Cherokee Media Group, you might already know of my great affinity and respect for repossession agents. Rightfully so, much of our material highlights the exciting parts ... [Read More]
PODCAST: StoneEagle spots ‘silver lining’ in Q1 F&I metrics
Tuesday, May. 4, 2021, 01:56 PM
SubPrime Auto Finance News Staff
If you didn’t already know, StoneEagle F&I senior vice president of business development Joe St. John is one of the most enthusiastic executives anywhere in the automotive industry. Well, when St. John dissected the first-quarter data gathered via StoneEagleMETRICS, his excitement ... [Read More]