Equifax recently expanded its offerings connected with alternative data so finance companies still can cater to consumers with thin files or soft credit backgrounds. Developed in partnership with Urjanet, Equifax introduced Payment Insights, a cloud-based solution that promotes greater financial ... [Read More]

SWBC now possesses a stronger foothold in the auto-finance market through acquisition. Last week, SWBC announced that it recently acquired the auto claims division of DIMONT, one of the largest providers of specialty insurance and loan administration services to the ... [Read More]

Thousands of individuals are getting their COVID-19 vaccinations daily, and business activities are gradually getting back toward what they were previously. However, for auto finance companies, there still is not a single anecdote to cure all of their risk, making ... [Read More]

TransUnion discovered another way this pestering pandemic influenced consumer behavior when it comes to individual’s auto financing. On Wednesday, TransUnion released findings of a payment hierarchy study focusing on the three most popular credit products in the U.S. — auto ... [Read More]

Nearly a month after Car Capital secured a funding round of almost $9 million, the new auto-finance technology company that strives to get any deal bought no matter the consumer credit background closed on a credit line more than double ... [Read More]

Efforts by ACA International and other industry organizations connected with collections helped to generate what they called the “favorable ruling” earlier this month when the U.S. Supreme Court unanimously decided a case involving the Telephone Consumer Protection Act (TCPA) and definition ... [Read More]

Among a host of other projections and assessments, six main highlights surfaced on Tuesday when Black Book and Fitch Ratings released its joint U.S. vehicle depreciation and auto asset backed securities (ABS) report. With wholesale prices setting records, Black Book ... [Read More]

Artificial intelligence is playing a role within the subprime market for financing motorcycles, too. On Monday, Scienaptic, an AI-powered credit decision platform provider, announced the deployment of its solution at American Cycle Finance (ACF). According to a news release, this ... [Read More]

Responding in part to consumer demand for as much information as possible before finalizing their vehicle financing, 700 Credit announced a product alliance with fusionZONE Automotive’s digital retailing solution, FastLane Leads. FastLane Leads is designed to simplify the digital retail ... [Read More]

Perhaps here’s some news on a Friday that might help finance companies and their collectors exhale a bit. The Consumer Financial Protection Bureau this week proposed extending the effective date of two recent debt collection rules to give affected parties ... [Read More]