Survey: 27% of consumers do not review their credit report annually
Wednesday, Oct. 2, 2024, 10:57 AM
Edmunds: Average amount financed for used cars drops in Q3
Tuesday, Oct. 1, 2024, 10:00 AM
FTC reiterates use of ‘plain language’ associated with regulatory activities
Monday, Sep. 30, 2024, 11:35 AM
Last piece of Dealertrack uniFI adds 6 new features
Wednesday, Oct. 16, 2019, 04:01 PM
SubPrime Auto Finance News Staff
The final segment of Dealertrack uniFI now is available after the company’s revamped technology solution first arrived nearly a year ago. This week, Dealertrack announced the launch of Digital Contracting on Dealertrack uniFI, putting the final piece in place to ... [Read More]
RDN and ARA integrate to give instant visibility into compliance status of recovery agents
Wednesday, Oct. 16, 2019, 03:58 PM
SubPrime Auto Finance News Staff
Finance companies that use Recovery Database Network (RDN) now have some additional assurance their repossessions are being completed according to state and federal regulations. On Wednesday, the KAR Global business unit rolled out a seamless application interaction with the American ... [Read More]
KBRA sees seasonal trends appear in September ABS indices
Tuesday, Oct. 15, 2019, 03:49 PM
SubPrime Auto Finance News Staff
September’s auto loan asset backed security data didn’t surprise analysts at Kroll Bond Rating Agency (KBRA). The latest readings for KBRA’s prime and non-prime indices arrived with seasonal patterns evident. Analysts found that auto loan ABS credit performance weakened slightly ... [Read More]
CFPB forms federal consumer financial law taskforce
Monday, Oct. 14, 2019, 03:40 PM
SubPrime Auto Finance News Staff
Along with naming academics, industry leaders and consumer advocates to a trio of committees, the Consumer Financial Protection Bureau also announced last week that it will establish a taskforce to examine ways to harmonize and modernize federal consumer financial laws. ... [Read More]
New division Westlake Capital Finance fueled to help dealers grow operations
Monday, Oct. 14, 2019, 03:38 PM
SubPrime Auto Finance News Staff
Dealerships wanting to expand their operations now can turn to Westlake Technology Holdings. The finance company that originates installment contracts throughout the credit spectrum recently launched Westlake Capital Finance to provide commercial real estate loans to dealers. The commercial real ... [Read More]
DIMONT adds another former van Wagenen exec to leadership team
Friday, Oct. 11, 2019, 03:27 PM
SubPrime Auto Finance News Staff
For the second time this year, DIMONT reinforced its leadership team with a former executive from van Wagenen. This week, the Dallas-based provider of insurance claims adjusting and collateral loss mitigation services to the residential mortgage and auto lending industries ... [Read More]
AutoMap promotes Sargeant to CEO
Friday, Oct. 11, 2019, 03:25 PM
SubPrime Auto Finance News Staff
An employee who has been with AutoMap for nearly 10 years now is the company’s chief executive officer. The provider of electronic vehicle monitoring and location services recently announced Mark Sargeant was promoted to CEO of AutoMap in a move ... [Read More]
A treat for the industry? Perhaps another rate cut coming
Thursday, Oct. 10, 2019, 03:03 PM
SubPrime Auto Finance News Staff
This week, the Federal Reserve released minutes from its September Federal Open Market Committee (FOMC) meeting that resulted in policymakers leveraging their second consecutive opportunity to lower the target range for the federal funds rate after having not taken a ... [Read More]
ARA unveils theme & registration for North American Repossessors Summit
Wednesday, Oct. 9, 2019, 04:11 PM
SubPrime Auto Finance News Staff
It might only be October, but the American Recovery Association (ARA) already has its eyes on early May, unveiling the theme for one of its largest annual events. ARA, along with headline sponsor, Harding Brooks Insurance, announced this week that ... [Read More]
ALS Resolvion shifts online location for best-practices forum
Wednesday, Oct. 9, 2019, 04:09 PM
SubPrime Auto Finance News Staff
ALS Resolvion is trying to make collaboration within the skip-tracing and repossession worlds a little easier to be done online. The recovery management firm this week announced a transition of its popular community forum, Lenders Repossession Best Practices, from one ... [Read More]