PODCAST: Credit Acceptance chief marketing and product officer Andrew Rostami on current conditions & more
Monday, Jun. 10, 2024, 10:52 AM
SubPrime Auto Finance News Staff
Credit Acceptance chief marketing and product officer Andrew Rostami made his first appearance on the Auto Remarketing Podcast, sharing numerous perspectives about the non-prime and subprime portions of the auto-finance market. Rostami also highlighted the keys for success for Credit ... [Read More]
NADA cheers bill provision impacting CARS Rule implementation
Monday, Jun. 10, 2024, 10:40 AM
SubPrime Auto Finance News Staff
The National Automobile Dealers Association (NADA) had something to celebrate last week on Capitol Hill. NADA explained that what triggered the cheers was the passage of the fiscal year 2025 Financial Services and General Government (FSGG) appropriations bill by the ... [Read More]
Former NAFCU president & CEO joins Open Lending as strategic advisor
Tuesday, Jun. 4, 2024, 12:43 PM
SubPrime Auto Finance News Staff
The largest portion of Open Lending’s client base consists of credit unions. The company’s newest advisor knows that segment of financial institutions quite well. This week, the auto financing facilitator and provider of risk analytics solutions announced Dan Berger, former ... [Read More]
F&I product survey: Price, availability, budget remain top of mind for consumers
Tuesday, Jun. 4, 2024, 10:02 AM
SubPrime Auto Finance News Staff
Protective Asset Protection released findings on Tuesday from its latest survey conducted to better understand consumer perspectives on automotive F&I products, as well as the factors that impact F&I purchase decisions when shopping for a vehicle at a dealership. This ... [Read More]
FTC sends annual report to CFPB recapping activities regarding financial acts
Monday, Jun. 3, 2024, 10:41 AM
SubPrime Auto Finance News Staff
Last week, the Federal Trade Commission provided its annual report to the Consumer Financial Protection Bureau on its enforcement and related activities in 2023 on the Truth in Lending Act (TILA), Consumer Leasing Act (CLA), and Electronic Fund Transfer Act ... [Read More]
Experts on ‘mixed picture’ of consumer & economic trends
Friday, May. 31, 2024, 11:02 AM
SubPrime Auto Finance News Staff
Experts at Comerica Bank, Cox Automotive and the University of Michigan all tried this week to decipher economic conditions and sentiments of consumers and policymakers. The general conclusion? “This week’s economic data shows a mixed picture,” Cox Automotive chief economist ... [Read More]
Dissecting Experian’s newest data on delinquency
Thursday, May. 30, 2024, 11:24 AM
SubPrime Auto Finance News Staff
Experian’s State of the Automotive Finance Market Report: Q1 2024 showed year-over-year increases in both 30- and 60-day delinquency rates. Perhaps what might be a more useful assessment is how those rates are both lower compared to the first quarter ... [Read More]
Next Weltman webinar to focus on how bankruptcy impacts collateral recovery
Wednesday, May. 29, 2024, 12:01 PM
SubPrime Auto Finance News Staff
Webinars hosted by Weltman, Weinberg & Reis are designed to deliver year-round educational content, specific to creditors’ rights throughout numerous focus areas. The next one in the series titled, “Coffee With Casey,” features shareholder and the firm’s Chicago office managing ... [Read More]
Longtime Cox expert joins F&I Sentinel as chief product officer
Wednesday, May. 29, 2024, 11:57 AM
SubPrime Auto Finance News Staff
The blending of former Cox Automotive resources at F&I Sentinel continued Wednesday, this time on the personnel front. The risk-management solutions provider for F&I products in the automotive finance industry announced that Kat Venner-Fowler has joined the company as chief ... [Read More]
AutoPayPlus promotes 2 key executives in operations & analytics
Wednesday, May. 29, 2024, 11:55 AM
SubPrime Auto Finance News Staff
AutoPayPlus recently promoted two of its executives, elevating Amilcar Matus to senior director of operations, while Carl Moore was named senior director of CRM and data analytics. The payment processing company said the moves strengthens its leadership structure to better ... [Read More]