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
ARA seeking member help to defend rights for vehicle repossessions
Wednesday, Apr. 15, 2020, 03:33 PM
SubPrime Auto Finance News Staff
The American Recovery Association is communicating with state and federal officials regarding potential policy “that if passed would devastate our businesses over the coming months in ways that most would not be able to recover from,” according to a recent ... [Read More]
NAF Association postpones annual Non-Prime Automotive Financing Conference
Tuesday, Apr. 14, 2020, 05:42 PM
SubPrime Auto Finance News Staff
According to an email message from the organization distributed on Tuesday, the National Automotive Finance Association has postponed its annual Non-Prime Automotive Financing Conference. The 24th installment was scheduled for June 3-5 in Plano, Texas. NAF Association officials did not ... [Read More]
PODCAST: Best practices for curbing fraud during COVID-19
Tuesday, Apr. 14, 2020, 02:43 PM
SubPrime Auto Finance News Staff
Before PointPredictive made its patented technology solution — SyntheticID Alert — available to auto-finance companies at no charge for the rest of this year, chief fraud strategist Frank McKenna returned last week for another episode of the podcast. Senior editor ... [Read More]
F&I roundup: Darwin Automotive, JM&A Group ramp up complimentary services
Monday, Apr. 13, 2020, 02:15 PM
SubPrime Auto Finance News Staff
Two F&I product providers began the workweek with offers to help cash-strapped dealerships with finance office resources for little to no cost. In separate announcements made on Monday morning, JM&A Group said it is bringing the Virtual F&I playbook, model ... [Read More]
Unemployment rate now seen above 15%
Thursday, Apr. 9, 2020, 01:46 PM
Nick Zulovich, Senior Editor
The likelihood some contract holders currently in your auto-finance portfolio will seek some kind of payment modification grew again with the latest initial claims for unemployment benefits reported by federal officials on Thursday morning. For the second week in a ... [Read More]
Resolvion unveils new risk mitigation service in response to COVID-19
Wednesday, Apr. 8, 2020, 02:58 PM
SubPrime Auto Finance News Staff
Repossessions and recoveries might be slowing because of the coronavirus pandemic, but Resolvion is still enhancing its services to help auto-finance companies. This week, the skip-tracing and repossession management company announced the availability of a new service designed to help ... [Read More]
Complimentary communication tools from TCN to navigate crisis
Wednesday, Apr. 8, 2020, 02:54 PM
SubPrime Auto Finance News Staff
TCN is looking to give firms equipment they need to stay operational as many of their employees work from home or other remote locations. The provider of cloud contact center technology for enterprises, contact centers and collection agencies worldwide, recently ... [Read More]
Cordray suggests 16 actions CFPB should take, including moratorium on repossessions
Tuesday, Apr. 7, 2020, 01:52 PM
SubPrime Auto Finance News Staff
Richard Cordray, the first director of the Consumer Financial Protection Bureau, posted what he called a white paper containing 16 points of action the CFPB should take during the COVID-19 crisis. In one of those specific points, Cordray directly addressed ... [Read More]
FTC: COVID-19 fraud complaints surge, worth in excess of $8M
Monday, Apr. 6, 2020, 02:20 PM
SubPrime Auto Finance News Staff
The Federal Trade Commission reported that just like cases of individuals being diagnosed as positive for the coronavirus is rising significantly, the regulator is noticing steady climbs in COVID-19-connected consumer complaints, too. As of Sunday, the FTC reported 11,762 complaints, ... [Read More]
MBSi customers can join free CARES Act webinar offered by Agero
Monday, Apr. 6, 2020, 01:56 PM
SubPrime Auto Finance News Staff
Over the weekend, MBSi Corp. shared another offering to help its recovery industry customers navigate through coronavirus pandemic. Agero, the parent company of the Automotive Intelligence Council member, is orchestrating a webinar to help small businesses understand the CARES Act ... [Read More]