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
TransUnion maintains focus on auto-finance fundamentals & potential tailwinds
Monday, Aug. 19, 2019, 04:02 PM
Nick Zulovich, Senior Editor
Perhaps finance company executives might become a bit concerned when seeing the combination of slowing originations coupled with broad economic turbulence stemming from global trade clashes as well as more troubling signs emanating from markets beyond the United States. Well, ... [Read More]
F&I notes: New exec at Axiom; another honor for AUL
Monday, Aug. 19, 2019, 03:58 PM
SubPrime Auto Finance News Staff
As AUL Corp. collected a regional accolade for the sixth consecutive year based on its workplace, Axiom announced the newest member of its executive team. Susan Johnson recently joined Axiom in the role of executive vice president with the responsibility ... [Read More]
9 Hudson Cook attorneys among The Best Lawyers in America 2020
Thursday, Aug. 15, 2019, 05:59 PM
SubPrime Auto Finance News Staff
Hudson Cook announced this week that nine of the firm’s attorneys were recently selected for inclusion in The Best Lawyers in America 2020, including four who are celebrating 10 years or more on the list. The firm highlighted attorneys named ... [Read More]
Intellaegis welcomes new executive adviser
Thursday, Aug. 15, 2019, 02:33 PM
SubPrime Auto Finance News Staff
As Intellaegis, which does business as masterQueue, gears up for a potential award-winning appearance at the Finovate Fall conference in New York this September, the company announced an executive adviser joined the team, bringing a diverse technology background. Intellaegis’ newest ... [Read More]
Equifax notices 2 patterns forming in auto finance
Thursday, Aug. 15, 2019, 02:30 PM
SubPrime Auto Finance News Staff
The latest data made available by Equifax reinforced patterns many finance companies might be experiencing. Origination volume is slowing, while the amount financed is climbing. According to Equifax data through March, the auto-finance industry generated 5.90 million auto loans, totaling $135.5 ... [Read More]
ARA & Harding Brooks collaborate to offer workers’ compensation
Tuesday, Aug. 13, 2019, 08:53 PM
SubPrime Auto Finance News Staff
The American Recovery Association (ARA) and the Harding Brooks Insurance Agency previously collaborated on a health-insurance program for members. This week, the partnership evolved into another benefit for compliant members — preferred pricing for workers’ compensation. “ARA is dedicated to ... [Read More]
Court orders notifications to begin involving Wells Fargo insurance settlement
Tuesday, Aug. 13, 2019, 08:50 PM
SubPrime Auto Finance News Staff
The United States District Court for the Central District of California announced on Monday that a notification program began this week as ordered by the court to alert consumers about a proposed class action settlement to remediate auto finance customers ... [Read More]
ALS Resolvion finalizes integration with RDN agent platform
Tuesday, Aug. 13, 2019, 08:48 PM
SubPrime Auto Finance News Staff
About a month after rolling out its “mobile only” policy, ALS Resolvion announced this week that the skip-tracing and repossession management firm completed the integration between its proprietary operating system (Wombat) into the forwarder platform fueled by Recovery Database Network ... [Read More]
KBRA reports cyclical non-prime auto ABS performance in July
Tuesday, Aug. 13, 2019, 03:46 PM
SubPrime Auto Finance News Staff
If your non-prime portfolio performance is experiencing some cyclical turbulence this summer, it appears you might not be alone. This week, Kroll Bond Rating Agency (KBRA) released its auto loan indices for July, reporting on delinquency roll rates from asset-level ... [Read More]
Nicholas Financial back to profitability after ‘transitional year’
Monday, Aug. 12, 2019, 03:55 PM
SubPrime Auto Finance News Staff
Coming off of what the president and chief executive officer described as a “transitional year,” Nicholas Financial opened its 2020 fiscal year with positive net income after finishing its 2019 fiscal year with a loss. The publicly-traded specialty consumer finance ... [Read More]