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]
TransUnion spots 2 major developments with delinquency and ‘financial hardship’
Thursday, Aug. 20, 2020, 02:27 PM
SubPrime Auto Finance News Staff
TransUnion updated the industry on multiple fronts on Thursday, giving the latest reading not only on delinquencies but also the total percentage of accounts in “financial hardship.” As auto-finance 60-day delinquencies made a notable upturn during the second quarter — ... [Read More]
Free DRN webinar to discuss using vehicle-location data to cut expenses and more
Wednesday, Aug. 19, 2020, 05:03 PM
SubPrime Auto Finance News Staff
SubPrime Auto Finance News is collaborating with DRN again to orchestrate a free webinar to help finance companies and recovery professionals prepare for a potential surge in repossessions and other possible operational changes now happening because of COVID-19. DRN senior ... [Read More]
NAF Association compliance certificate coursework now available online
Wednesday, Aug. 19, 2020, 04:55 PM
SubPrime Auto Finance News Staff
Your children likely are completing their schoolwork online nowadays because of the coronavirus pandemic. And the National Automotive Finance Association wants to make sure underwriting and collections professionals maintain their compliance knowledge in much the same way. The NAF Association ... [Read More]
National Auto Care acquires another independent F&I agency
Wednesday, Aug. 19, 2020, 04:53 PM
SubPrime Auto Finance News Staff
For the second time in less than a month, National Auto Care has grown its F&I business through an acquisition. According to a news release distributed on Tuesday, National Auto Care chief executive officer Tony Wanderon and Sharron Anania, the ... [Read More]
Auto defaults rise for the first time in nearly a year
Tuesday, Aug. 18, 2020, 02:45 PM
SubPrime Auto Finance News Staff
Just like when weather forecasters watch for hurricanes to make a turn toward land this time of year, finance company leaders likely have been eyeing for when defaults would make an industry-wide move higher because of the coronavirus pandemic. According ... [Read More]
Illinois Dodge store facing lawsuit from state AG over advertising and other business practices
Thursday, Aug. 13, 2020, 07:12 PM
SubPrime Auto Finance News Staff
An Illinois franchised dealership is facing actions from the state attorney general for allegedly engaging in unfair and deceptive advertising and business practices Illinois attorney general Kwame Raoul filed a lawsuit this week against Skokie Motor Sales, which operates as ... [Read More]
Protective Asset Protection modifies retro programs to help dealers
Thursday, Aug. 13, 2020, 07:09 PM
SubPrime Auto Finance News Staff
Protective Asset Protection made another move this week aimed at helping dealerships during COVID-19. After rolling out online training this spring, the provider of F&I programs, services and dealer owned warranty company programs announced an update to its retrospective (retro) ... [Read More]