Survey: 27% of consumers do not review their credit report annually
Wednesday, Oct. 2, 2024, 10:57 AM
Survey: 27% of consumers do not review their credit report annually
Wednesday, Oct. 2, 2024, 10:57 AM
FTC reiterates use of ‘plain language’ associated with regulatory activities
Monday, Sep. 30, 2024, 11:35 AM
Location Services adds 2 new executives to management team
Tuesday, May. 19, 2020, 06:42 PM
SubPrime Auto Finance News Staff
Location Services made two significant additions to its senior leadership team on Tuesday. The provider of loss mitigation solutions for the financial services industry brought on Jose Delgado as chief client officer and Mohit Mahajan as chief information officer. Delaware ... [Read More]
KBRA leverages latest ABS data to estimate payment frequency
Tuesday, May. 19, 2020, 02:53 PM
SubPrime Auto Finance News Staff
Kroll Bond Rating Agency (KBRA) used the research for its latest auto-finance securitization indices to gauge the volume of both prime and non-prime retail installment contract holders maintaining their payments, at least for the March recording period. At least for ... [Read More]
Consumer complaints to CFPB hit record volume during pandemic
Monday, May. 18, 2020, 03:51 PM
SubPrime Auto Finance News Staff
Consumer Financial Protection Bureau director Kathleen Kraninger had a busy public agenda last week, sharing remarks at National Association of Realtors 2020 legislative meetings as well as the public meeting of the Financial Literacy and Education Commission, along with a ... [Read More]
DOWC enhances 360Shield solutions new antimicrobial products
Monday, May. 18, 2020, 03:49 PM
SubPrime Auto Finance News Staff
For the second time this month, Dealer Owned Warranty Co. (DOWC) enhanced its menu of F&I products. Coming on the heels of introducing NitroShield, a complete tire and wheel protection product, DOWC on Friday rolled out new 360Shield protection solutions ... [Read More]
COMMENTARY: Where F&I can help increase successful contactless transactions
Friday, May. 15, 2020, 03:37 PM
Tim Blochowiak, Protective Asset Protection
Since the widespread containment efforts caused by COVID-19, dealerships have been among the hardest-hit industries. Much of this is as a result of dealerships either being forced to close, limited to online sales, or if they’re still open the virus ... [Read More]
Auto ABS ratings from 10 subprime finance companies now on CreditWatch negative
Thursday, May. 14, 2020, 02:44 PM
SubPrime Auto Finance News Staff
S&P Global Ratings is keeping an even closer watch on subprime auto financing with the coronavirus pandemic still paralyzing the economy. This week, the firm placed its ratings on 33 classes of U.S. subprime auto ABS ratings across 26 transactions ... [Read More]
2 moves by PossibleNOW to help call-center productivity
Wednesday, May. 13, 2020, 03:08 PM
SubPrime Auto Finance News Staff
PossibleNOW made a pair of moves that could help collections departments be more successful with the call efforts. The provider of direct marketing compliance, enterprise consent and preference management solutions, announced a partnership with Numeracle, a developer within call blocking ... [Read More]
Portfolio: Antimicrobial treatments gaining momentum in F&I
Wednesday, May. 13, 2020, 03:00 PM
SubPrime Auto Finance News Staff
Portfolio highlighted buyers who are financing their purchase nowadays are acquiring more than just GAP protection or vehicle service contracts from the F&I office. According to internal data from the national provider and administrator of F&I products and dealer participation ... [Read More]
Equifax: Delinquency ‘not as high as it could be’
Wednesday, May. 13, 2020, 02:58 PM
Nick Zulovich, Senior Editor
Equifax shared its latest look at auto-finance delinquency based on data available through April 28. While experts said their overall delinquency reading is “not as high as we were anticipating it could be,” Equifax did find younger customers are navigating ... [Read More]
Edmunds spots 2 negative-equity records arriving in April
Tuesday, May. 12, 2020, 02:18 PM
SubPrime Auto Finance News Staff
Finance companies are rolling record amounts of negative equity into the new-vehicle paper they’re originating nowadays. While providers might be prudent as to how deep down the credit spectrum the most generous new-model offers are extended, Edmunds reported on Tuesday ... [Read More]