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
Launcher, Neo partner to provide comprehensive loan scoring algorithms
Wednesday, Jul. 22, 2020, 02:03 PM
SubPrime Auto Finance News Staff
This week, Launcher Solutions announced its third major development since the second half of May. The newest one involved the technology provider specializing in automotive finance originations finalizing an integration partnership with Neo to help finance companies build a stronger ... [Read More]
Auto defaults now at lowest point in 10 years
Tuesday, Jul. 21, 2020, 03:55 PM
SubPrime Auto Finance News Staff
For what it’s worth amid so much uncertainty nowadays triggered by the coronavirus pandemic, auto-finance defaults are at the lowest point recorded by S&P Dow Jones Indices and Experian going back 10 years. According the data through June released on ... [Read More]
KBRA, S&P continue to investigate contract modifications via latest auto ABS updates
Monday, Jul. 20, 2020, 03:06 PM
SubPrime Auto Finance News Staff
Kroll Bond Rating Agency (KBRA) and S&P Global Ratings continued to use their examinations of the U.S. auto loan asset-backed securities (ABS) market to offer a look not only at that particular segment but also views on what the overall ... [Read More]
Darwin Automotive lands partnerships with EasyCare and GWC Warranty
Friday, Jul. 17, 2020, 03:38 PM
SubPrime Auto Finance News Staff
Darwin Automotive formed partnerships this week with two other companies in the F&I space. According to news releases from the firms, both EasyCare and GWC Warranty will be a preferred partner for Darwin’s premier F&I menu system, as well as ... [Read More]
From the editor: Trying to make sense of unemployment data
Thursday, Jul. 16, 2020, 03:28 PM
Nick Zulovich, Senior Editor
Confession time. While taking some graduate degree courses, I struggled mightily with the statistics class. The thought of standard deviations and Z tables still makes me twitch a little. Nonetheless, I took a few moments on Thursday morning to examine ... [Read More]
ARA’s latest project: The cost of COVID-19
Wednesday, Jul. 15, 2020, 03:22 PM
SubPrime Auto Finance News Staff
American Recovery Association president Dave Kennedy didn’t mince words to open a letter he delivered to the industry last week. “We are failing — all of us,” Kennedy wrote. Kennedy used the direct language to introduce the latest endeavor by ... [Read More]
Online platform aims to smooth loans made between friends and family
Wednesday, Jul. 15, 2020, 03:16 PM
SubPrime Auto Finance News Staff
It's likely a question that dealerships and finance companies have asked potential buyers countless times in order to get a deal completed. “How can you secure more money for the down payment? Is there a friend or a family member ... [Read More]
COMMENTARY: Dealers see bottom-line benefits thorough F&I product portfolio review
Tuesday, Jul. 14, 2020, 01:58 PM
Tim Blochowiak, Protective Asset Protection
The world has witnessed drastic changes in just a few short months. The economic fallout from the COVID-19 pandemic has impacted nearly 50 million workers since the end of February, according to Mark Zandi, chief economist at Moody’s Analytics in ... [Read More]
TurboPass builds subprime client portfolio, adding ACC
Monday, Jul. 13, 2020, 03:18 PM
SubPrime Auto Finance News Staff
TurboPass is continuing to build relationships with finance companies that specialize in subprime paper. Soon after announcing a finalized strategic partnership with Turner Acceptance, TurboPass also shared that it’s working with Automotive Credit Corp. (ACC) to leverage its universal income ... [Read More]
CFPB names deputy director among 4 personnel moves
Monday, Jul. 13, 2020, 03:14 PM
SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau made a series of personnel moves last week, including the creation of a new division. Most notably, director Kathleen Kraninger announced that Thomas Pahl will serve as the deputy director of the bureau. Pahl has ... [Read More]