Perhaps one of the clearest data examples of how extensions or other contract modifications impact delinquencies and defaults within a short timeframe arrived this week courtesy of S&P Global Ratings, S&P Dow Jones Indices and Experian. First, let’s look at ... [Read More]

Primeritus Financial Services handed remarketing responsibilities this week to an executive with more than 20 years of industry experience, most of it with a large commercial bank. The forwarding company that provides recovery management, skip-tracing and remarketing services to the ... [Read More]

Former defi SOLUTIONS chief executive and award-winning entrepreneur Stephanie Alsbrooks Hanson is embarking on her next foray within auto financing. On Wednesday, Tricolor — a tech-enabled Community Development Financial Institution (CDFI) and one of the nation’s largest used-vehicle retailers that caters to ... [Read More]

On Jan. 18, President Biden revealed his nominations to lead the Consumer Financial Protection Bureau and the Securities and Exchange Commission. On Tuesday, the Senate Banking Committee will hold a hearing to interview Rohit Chopra, currently a commissioner with the ... [Read More]

Kroll Bond Rating Agency (KBRA) spotted delinquency increases in both the prime and non-prime market segment in January, but analysts see metrics remaining on “solid footing” at least in the short term. According to the firm’s latest report looking at January ... [Read More]

As Arivo Acceptance closed on its second securitization, paving the way for continued growth and expansion, S&P Global Ratings revised its outlook on Credit Acceptance to stable from negative after that finance company completed its latest securitization. Last week, Credit ... [Read More]

Black Book and Constant now are working together in an effort to help auto finance companies successfully navigate the potential rise in delinquencies and repossessions. Black Book enhanced data and analytics, including vehicle valuations, now have been integrated within the ... [Read More]

Portfolio found a way to get its collective minds off of the frigid conditions currently in the Lone Star State at least for a little while this week. The provider of F&I products and reinsurance programs announced it was again ... [Read More]

US Equity Advantage (USEA) approaches its business activities with the strategy that a well-done onboarding program enhances work performance, boosts job satisfaction, fosters company loyalty and lowers employee turnover rates. Based on that premise, the biweekly installment contract payment service ... [Read More]

TransUnion discovered that finance companies originated paper at an overall pace during the third quarter of last year resembling what analysts spotted during Q3 of 2019. When looking closer at the subprime market, however, TransUnion found originations are lagging. Analysts ... [Read More]