Nicholas Financial solidified two of its highest leadership positions this week. The subprime auto finance company announced the appointment of Irina Nashtatik as chief financial officer; a role she had been filing in an interim capacity since November. Nicholas Financial ... [Read More]

Davis & Gilbert partner Joseph Cioffi makes another podcast appearance to offer more insights about the Credit Chronometer report that surveyed executives from throughout the subprime auto finance sector about the space’s prospects to navigate through the coronavirus pandemic. What ... [Read More]

Already a training provider, RISC now is getting involved in the employment part of the repossession and recovery industries. On Tuesday, the firm launched RepoHiring.com in an effort to helps connect collateral recovery industry employers with qualified job seekers. Free ... [Read More]

According to the recently released S&P/Experian Consumer Credit Default Indices, United States auto loan defaults dropped 10 basis points to 0.56% in May. This comes on the heels of the release of Experian’s State of the Automotive Finance Market Report, ... [Read More]

Turner Acceptance is bringing on some technology reinforcement to help the subprime auto finance company navigate its way through underwriting during the coronavirus pandemic. This week, Turner Acceptance finalized a strategic partnership with TurboPass to leverage its universal income validation ... [Read More]

The coronavirus pandemic is accelerating consumers’ recognition of more favorable financing terms in connection with used vehicles among other benefits of acquiring a pre-owned model instead of a new car. That’s among the latest findings shared on Tuesday by Edmunds, ... [Read More]

Like so many shops connected with auto financing, federal regulators are working in virtual environments, too. Just before the holiday weekend, the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of the Currency (OCC) announced they will ... [Read More]

While the cost of new vehicles continues to climb, the newest data from Edmunds indicated finance companies are finding ways to mitigate their risk when booking new-model paper. On Wednesday, Edmunds experts reported the average down payment for new vehicles ... [Read More]

Portfolio has officially acquired National Automotive Experts and NWAN, uniting two leaders in the F&I product provider, administration and reinsurance space and closing an agreement initially announced in March.  Portfolio president and chief executive officer Brent Griggs noted the world ... [Read More]

While the coronavirus pandemic has created plenty of headaches for dealerships, the ramifications appear to be creating at least one opportunity for store F&I departments. Sales of vehicle service contracts post-sale first spiked in March and then again in April ... [Read More]