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Wolters Kluwer collects 2 more industry awards for its lien solutions
Monday, Sep. 16, 2019, 03:15 PM
SubPrime Auto Finance News Staff
Wolters Kluwer’s lien solutions recently earned two major industry awards for its iLien Motor Vehicle product innovation, adding to its quickly filling mantle. The company won a Gold-level Globee Award in the Fintech and Information Technology Innovation category as well ... [Read More]
VADA enhances preferred endorsement of Dealertrack registration and title solutions
Friday, Sep. 13, 2019, 03:32 PM
SubPrime Auto Finance News Staff
This week, the Virginia Automobile Dealers Association (VADA) expanded its preferred endorsement of Dealertrack Registration and Title Solutions. VADA’s support for the company’s solutions now includes Accelerated Title in a continued effort to improve efficiency and bring a more modern, ... [Read More]
PointPredictive launches income validation tool fueled by machine learning
Friday, Sep. 13, 2019, 03:29 PM
SubPrime Auto Finance News Staff
Verifying income can be an expensive process for finance companies; one where the cost can become even steeper if the contract holder falls into delinquency and is eventually charged-off because the individual didn’t have steady enough money to support monthly ... [Read More]
Seasonal non-prime auto ABS deterioration surfaces in August
Thursday, Sep. 12, 2019, 02:50 PM
SubPrime Auto Finance News Staff
Kroll Bond Rating Agency spotted typical season deterioration when analysts compiled their observations of the August auto loan indices based on performances in the auto asset backed securities (ABS) market. Analysts said in their report released this week that collateral ... [Read More]
Rooney joins Hudson Cook as newest partner
Wednesday, Sep. 11, 2019, 03:50 PM
SubPrime Auto Finance News Staff
Hudson Cook welcomed its newest partner this week. The firm announced that attorney Mark Rooney has joined Hudson Cook as a partner in its Washington, D.C. office. His practice focuses on the defense of consumer litigation under the Fair Debt ... [Read More]
CFPB unveils network to collaborate with state AGs; 7 immediately join
Wednesday, Sep. 11, 2019, 03:47 PM
SubPrime Auto Finance News Staff
It’s no longer just a hunch emanating from dealerships and finance companies that the Consumer Financial Protection Bureau and state attorneys general are working together. The CFPB made an official announcement to the fact on Tuesday. The bureau, working in ... [Read More]
Recovery Database Network secures Veracode Verified Team status
Wednesday, Sep. 11, 2019, 03:44 PM
SubPrime Auto Finance News Staff
With the threat of security breaches haunting companies large and small, Recovery Database Network (RDN) is taking steps to ensure its systems connected with repossessions and recoveries are safe. The division of KAR Auction Services announced it achieved the six ... [Read More]
FTC approves final settlement with DealerBuilt as NADA weighs in
Tuesday, Sep. 10, 2019, 02:35 PM
SubPrime Auto Finance News Staff
The Federal Trade Commission closed its settlement case with a dealer software provider involved in a data breach but not before accepting a public comment from the National Automobile Dealers Association, which took a broad view of the developments. Late ... [Read More]
New AUL website marks next step in multi-year development plan
Monday, Sep. 9, 2019, 03:10 PM
SubPrime Auto Finance News Staff
AUL Corp. is aiming to keep its website as technologically advanced as the modern vehicles often covered by its F&I programs. AUL just launched a new streamlined website following its recent addition of GAP and ancillary product offerings. AUL chief ... [Read More]
Dealer Training Institute aims to reenergize F&I personnel
Monday, Sep. 9, 2019, 03:03 PM
SubPrime Auto Finance News Staff
Protective Asset Protection is looking to get dealership personnel — especially individuals who work in the F&I office — reinvigorated about their jobs. The provider of F&I programs, services and dealer-owned warranty company programs recently said that it recognizes the ... [Read More]