CFPB’s newest Supervisory Highlights detail numerous ‘illegal practices’ in auto finance
Tuesday, Oct. 8, 2024, 10:11 AM
Agora Data reveals 5 members of new financial institutions group
Wednesday, Oct. 9, 2024, 10:59 AM
Automotive Risk Management Partners tries to see potential positives from CARS Rule
Wednesday, Oct. 9, 2024, 11:00 AM
Toyota Financial Services offers help to customers impacted by recent natural disasters
Monday, Aug. 31, 2020, 03:59 PM
SubPrime Auto Finance News Staff
Toyota Financial Services is looking to assist its customers with the latest turmoil to strike during this turbulent year. Last week, the captive announced it is offering payment relief options to its customers affected by Hurricanes Laura and Isaias, as ... [Read More]
Credit Acceptance faces subpoenas, new lawsuit
Monday, Aug. 31, 2020, 03:57 PM
SubPrime Auto Finance News Staff
Credit Acceptance’s legal team is facing a host of challenges from state attorneys general nowadays. Earlier this month, the company acknowledged it received subpoenas from the AGs in Maryland and New Jersey. Then on Monday, Massachusetts attorney general Maura Healey ... [Read More]
Protective Asset Protection releases 6 new segments of online F&I training
Thursday, Aug. 27, 2020, 08:57 PM
SubPrime Auto Finance News Staff
Protective Asset Protection is serving up a six pack for dealerships. While the stress triggered by COVID-19 might merit popular beverages that oftentimes come in packages of six, the provider of F&I programs, services and dealer owned warranty company programs ... [Read More]
Former OCC examiner set to be part of Wolters Kluwer Lien Solutions webinar
Thursday, Aug. 27, 2020, 08:56 PM
SubPrime Auto Finance News Staff
Not only are finance-company leaders likely are thinking of the health of themselves as well as well their family, friends, employees and customers, but also the condition of their outstanding portfolio. In an attempt to aid the status of the ... [Read More]
Fed statement about longer-run goals seen as path ‘to avoid mistakes’
Thursday, Aug. 27, 2020, 04:07 PM
SubPrime Auto Finance News Staff
In what one observer described as a policymaker trying “to avoid mistakes of the past,” the Federal Reserve gave an update about how it plans to craft its actions for the next five years. Following an extensive review that included ... [Read More]
PODCAST: Payment options paramount during a pandemic
Tuesday, Aug. 25, 2020, 08:33 PM
SubPrime Auto Finance News Staff
REPAY chief revenue officer Susan Perlmutter explained how collections departments likely are doing even more hand-holding as this turbulent year continues. During this episode of the Auto Remarketing Podcast, Perlmutter also described the potential scenes inside finance companies nowadays as ... [Read More]
Hudson Cook attorneys claim 17 more accolades
Tuesday, Aug. 25, 2020, 08:29 PM
SubPrime Auto Finance News Staff
Hudson Cook’s legal team has been recognized again; this time four attorneys are included in Chambers 2020 and 13 are included in The Best Lawyers in America 2021. The firm recently highlighted partners Michael Benoit, Nikki Munro and Jean Noonan ... [Read More]
Resolvion moves into larger California office
Tuesday, Aug. 25, 2020, 08:25 PM
SubPrime Auto Finance News Staff
While many firms have had to pivot to provide options for working from home, Resolvion recently moved into a larger physical space to handle growth on the West Coast. The repossession management and skip-tracing services provider now operates in a ... [Read More]
CarGurus expands finance-company relationships with GLS
Tuesday, Aug. 25, 2020, 02:03 PM
SubPrime Auto Finance News Staff
CarGurus continues to build relationships with finance companies, with the newest one connected with a provider that caters in part to the subprime market. On Tuesday, the online automotive marketplace announced that Global Lending Services has joined its financing platform that ... [Read More]
Regulator roundup: FTC complaint against dealer marketing firm and CFPB extends RFI deadline
Friday, Aug. 21, 2020, 02:32 PM
SubPrime Auto Finance News Staff
Last week, the Federal Trade Commission announced it issued an administrative complaint against a marketer pushing a program involving dealership and potential pandemic stimulus benefits. And this week over at the Consumer Financial Protection Bureau, officials said they will provide ... [Read More]