PODCAST: RISC CEO about Program LIFT to support teens
Thursday, Oct. 22, 2020, 03:11 PM
SubPrime Auto Finance News Staff
RISC chief executive officer Stamatis Ferarolis appeared on the Auto Remarketing Podcast not only to share his observations about the repossession and recovery industry, but also to describe a new project to help a demographic impacted significantly by the pandemic. ... [Read More]
2 more repo agencies merge into ART Asset Adjusters
Wednesday, Oct. 21, 2020, 06:49 PM
SubPrime Auto Finance News Staff
Last month, ART Asset Adjusters came to fruition as the result of merging six repossession and recovery agencies serving California, Arizona, Nevada, Utah, Colorado and New Mexico. On Tuesday, ART Asset Adjusters expanded its footprint into Texas by merging two ... [Read More]
One View launches tool for dealers to store and track contracts
Wednesday, Oct. 21, 2020, 04:18 PM
SubPrime Auto Finance News Staff
Dealerships ask their customers to complete and sign a wide array of contracts during the financing and delivery processes. This week, One View rolled out a solution to help dealerships keep track of contracts they sign. The auto industry-specific data ... [Read More]
NAC completes fourth independent F&I agency acquisition of 2020
Wednesday, Oct. 21, 2020, 04:16 PM
SubPrime Auto Finance News Staff
Make that four acquisitions so far this year for National Auto Care. NAC, which has provided F&I products, administration, consulting services, training and marketing support to independent agents, insurance companies, financial institutions, third-party administrators and credit unions for more than ... [Read More]
National Auto Care completes third F&I agency acquisition since July
Friday, Oct. 16, 2020, 03:47 PM
SubPrime Auto Finance News Staff
This year’s turmoil certainly isn’t slowing acquisition activity by National Auto Care. This week, NAC announced its third acquisition since July, finalizing a deal to secure Assurance Marketing, Inc., an independent automotive F&I agency based in Oklahoma that has provided ... [Read More]
2 crucial ramifications from Nissan’s settlement with CFPB
Friday, Oct. 16, 2020, 03:41 PM
SubPrime Auto Finance News Staff
Ignite Consulting Partners chief legal and compliance officer Steve Levine explained two of the most important potential ramifications stemming from the Consumer Financial Protection Bureau’s settlement with Nissan’s captive finance company. To recap, the bureau said it found several violations ... [Read More]
Auto-finance credit performance wobbles as weekly jobless claims stay near 1 million
Thursday, Oct. 15, 2020, 03:04 PM
SubPrime Auto Finance News Staff
Kroll Bond Rating Agency (KBRA) spotted weakening credit performance during the August collection period when analysts examined September auto-finance remittance reports. And the latest unemployment update from the U.S. Department of Labor showed that initial claims for unemployment benefits arriving ... [Read More]
50 more modules added to Assurant Virtual Learning Platform
Wednesday, Oct. 14, 2020, 02:08 PM
SubPrime Auto Finance News Staff
Dealership F&I personnel now have more training options from Assurant. The firm recently expanded its content library by adding 50 new “soft skill” modules to the Assurant Virtual Learning Platform, an on-demand eLearning system. “During these unprecedented times, we wanted ... [Read More]
PODCAST: More insurance options for repo agents
Wednesday, Oct. 14, 2020, 02:05 PM
SubPrime Auto Finance News Staff
For most consumers, they have a variety of options and carriers when it comes to insurance. For repossession agents, availability and choices aren’t so robust, because of the complexity of the business, among other factors. However, the landscape appears to be ... [Read More]
Nissan captive enters $5M consent order with CFPB
Wednesday, Oct. 14, 2020, 01:55 PM
SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau issued a consent order in the auto-finance industry for the second time in less than a month; this time with Nissan’s captive. According to a news release distributed on Tuesday, the bureau said it found ... [Read More]