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
RISC offers another month of free education and RISC Pro Membership
Wednesday, Jul. 1, 2020, 03:33 PM
SubPrime Auto Finance News Staff
RISC said it understands the COVID-19 pandemic continues to keep the collateral recovery industry from getting back to any kind of normalcy. In light of the challenges that repossession agencies are going through, RISC recently decided to extend its fee ... [Read More]
23 AGs celebrate Supreme Court retaining their ‘powerful tools’ in CFPB decision
Tuesday, Jun. 30, 2020, 02:18 PM
Nick Zulovich, Senior Editor
More reaction rolled in stemming from Monday’s Supreme Court decision involving the Consumer Financial Protection Bureau. While some legal experts are pondering long-term ramifications of the decision, nearly half of the attorneys general in the U.S. celebrated because the Supreme ... [Read More]
Questions remain after Supreme Court rules in CFPB director case
Monday, Jun. 29, 2020, 07:53 PM
Nick Zulovich, Senior Editor
The Consumer Financial Protection Bureau still exists even after a noteworthy Supreme Court decision arrived on Monday involving its director. However, the handwringing about how the agency operates and can wield its regulatory influence over auto finance and other segments ... [Read More]
Study highlights subprime resiliency during COVID-19
Monday, Jun. 29, 2020, 03:37 PM
SubPrime Auto Finance News Staff
Even though the coronavirus pandemic appears to pack an economic wallop, new research is showing that the subprime auto-finance market can absorb a punch or two. According to the second annual market study released today by Davis & Gilbert’s Credit ... [Read More]
Despite current negative outlook about captives, Moody’s offers 4 reasons for possible improvement
Monday, Jun. 29, 2020, 03:34 PM
SubPrime Auto Finance News Staff
Moody’s Investors Service still is holding a negative outlook for North American captive finance companies because of the coronavirus pandemic. But in a report shared with SubPrime Auto Finance News on Friday, analysts shared four reasons why they could adjust ... [Read More]
Indiana Bankers Association partners with DDI Technology
Friday, Jun. 26, 2020, 03:15 PM
SubPrime Auto Finance News Staff
DDI Technology is now more entrenched in the Hoosier State. On Thursday, the electronic lien and title technology firm and subsidiary of IAA announced a partnership with the Indiana Bankers Association (IBA). DDI was selected by IBA as a preferred ... [Read More]
KBRA: Non-prime ABS pools contain contracts with modifications at volume levels as high as 21%
Friday, Jun. 26, 2020, 03:13 PM
SubPrime Auto Finance News Staff
Kroll Bond Rating Agency is seeing some finance companies — especially in non-prime — holding securitized pools of auto paper with contract modification levels as high as 21%. The noteworthy trends came via KBRA’s May auto loan indices when analysts ... [Read More]
PODCAST: Growing awareness of risk mitigation in a COVID-19 world
Thursday, Jun. 25, 2020, 03:10 PM
SubPrime Auto Finance News Staff
Launcher Solutions president Nikh Nath joined the podcast to share his views about a topic relevant not only to auto financing, but also likely all segments of the automotive space nowadays. Nath, whose company is a technology provider specializing in ... [Read More]
Resolvion conducts survey to gauge post-COVID-19 repossession landscape
Wednesday, Jun. 24, 2020, 04:33 PM
SubPrime Auto Finance News Staff
Resolvion recently conducted an email survey of auto-finance provider inquiring about repossession activity once the coronavirus pandemic abates and recovery efforts intensify. One of the telling findings from the survey uncovered the depth of concern that finance companies have about ... [Read More]
4 more auto-finance firms now using Point Predictive’s fraud prevention tools
Wednesday, Jun. 24, 2020, 04:00 PM
SubPrime Auto Finance News Staff
Point Predictive finalized four different relationships this month with a variety of auto-finance industry companies that plan to use the firm’s products to curb fraud. The company that offers machine learning solutions now is working with MidAtlantic Finance, TCI, Nicholas ... [Read More]