Survey: 27% of consumers do not review their credit report annually
Wednesday, Oct. 2, 2024, 10:57 AM
Edmunds: Average amount financed for used cars drops in Q3
Tuesday, Oct. 1, 2024, 10:00 AM
FTC reiterates use of ‘plain language’ associated with regulatory activities
Monday, Sep. 30, 2024, 11:35 AM
USEA invests in next-generation contact center solution
Wednesday, Mar. 31, 2021, 03:48 PM
SubPrime Auto Finance News Staff
US Equity Advantage (USEA) is looking to ensure its technological infrastructure can meet the demands triggered by the company’s aggressive expectations. In a move the company said will enrich the customer experience, improve efficiencies and allow it to scale quickly ... [Read More]
13 states that soon might be ripe for first repossession harvest of year
Wednesday, Mar. 31, 2021, 03:37 PM
SubPrime Auto Finance News Staff
Oftentimes, it can take plants at least 60 to 90 days to germinate, grow and produce flowers, fruit or vegetables. Now that it’s springtime, the 13 states with the highest rates of 30-day delinquency at the close of 2020 soon ... [Read More]
Overall credit availability improves in February, paced by captives
Tuesday, Mar. 30, 2021, 02:44 PM
SubPrime Auto Finance News Staff
The Dealertrack Credit Availability Index showed overall improvement in February. But when Cox Automotive looked closer at the segments that often cater to consumers with less-than-prime credit, the trends differed a bit. Analysts reported that credit availability increased in February ... [Read More]
Acting FTC chair outlines new rulemaking group
Sunday, Mar. 28, 2021, 02:16 PM
SubPrime Auto Finance News Staff
The acting leader of the Federal Trade Commission isn’t sitting idle, either, putting actions into motion similar to her counterpart at the Consumer Financial Protection Bureau. Last week, chairwoman Rebecca Kelly Slaughter announced the creation of a new rulemaking group ... [Read More]
Carlton offers some clarity on new Illinois rate cap law
Sunday, Mar. 28, 2021, 02:12 PM
SubPrime Auto Finance News Staff
Despite significant objections from the American Financial Services Association, in collaboration with the Illinois Financial Services Association, the Independent Finance Association of Illinois and the Illinois Automobile Dealers Association, Gov. J.B. Pritzker signed into a law Illinois Senate Bill 1792 ... [Read More]
DMS & Enova partner with eye toward non-prime underwriting
Friday, Mar. 26, 2021, 02:50 PM
SubPrime Auto Finance News Staff
Digital Matrix Systems (DMS) and Enova Decisions announced a partnership tailored to support the risk-management needs of non-prime finance companies. To help finance companies make decisions quickly with high accuracy and minimal exposure to fraud, DMS and Enova Decisions pointed ... [Read More]
Nationwide Acceptance taps CoreLane Technologies to streamline funding
Friday, Mar. 26, 2021, 02:49 PM
SubPrime Auto Finance News Staff
Like Humphrey Bogart said in the film, “Casablanca,” it appears CoreLane Technologies and Nationwide Acceptance are on their way to a beautiful friendship. The provider of innovative transactional connectivity solutions for dealers and finance companies announced a partnership this week ... [Read More]
CFPB & FTC recap debt-collection enforcement in annual report to Congress
Wednesday, Mar. 24, 2021, 03:51 PM
SubPrime Auto Finance News Staff
In collaboration with the Federal Trade Commission (FTC), the Consumer Financial Protection Bureau (CFPB) this week released the 2020 annual report to Congress on the administration of the Fair Debt Collection Practices Act (FDCPA). Officials said the report highlights efforts ... [Read More]
700Credit integrates Experian Boost into QuickQualify
Wednesday, Mar. 24, 2021, 03:38 PM
SubPrime Auto Finance News Staff
The QuickQualify platform offered by 700Credit now includes data via the Experian Boost tool. According to a news release distributed this week, 700Credit’s web-based consumer prequalification solution that does not require a consumer’s Social Security Number or date of birth ... [Read More]
StoneEagle F&I hires St. John as senior vice president of business development
Wednesday, Mar. 24, 2021, 03:36 PM
SubPrime Auto Finance News Staff
With an eye toward mergers and acquisitions, StoneEagle F&I hired a new industry professional to lead the company’s business development enterprises, including sales, marketing and affiliate partnerships. On Wednesday, the provider of F&I technology solutions welcomed Joe St. John as ... [Read More]