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
Fortegra and Carleton partner to streamline credit-insurance calculations
Tuesday, Jun. 4, 2019, 05:09 PM
SubPrime Auto Finance News Staff
Fortegra Financial Corp., a leading international specialty insurer and subsidiary of Tiptree, recently announced a new partnership with Carleton, which offers financial calculation software. The partnership is designed to provide a seamless interface for lending platforms to easily and accurately ... [Read More]
Lenders sustain nearly $700K in losses from Alabama fraud scheme
Tuesday, Jun. 4, 2019, 03:01 PM
SubPrime Auto Finance News Staff
As the National Automotive Finance Association gears up for the “Fraud Friday” portion of its annual conference this week, federal prosecutors recently sentenced an Alabama man posing as an independent dealer to 63 months of imprisonment for bank fraud, mail ... [Read More]
Average May used & new APR softens to lowest point of year
Monday, Jun. 3, 2019, 03:43 PM
SubPrime Auto Finance News Staff
Edmunds determined average interest rates for both used-vehicle and new-vehicle financing dipped to their lowest levels of 2019 in May. Fueled in part by captives increasing the availability of zero percent financing, Edmunds found the annual percentage rate (APR) on new ... [Read More]
ALS Resolvion hires former Wells Fargo exec as COO
Monday, Jun. 3, 2019, 03:40 PM
SubPrime Auto Finance News Staff
ALS Resolvion, a leading provider of skip tracing and repossession management services, announced on Monday that the company has a new chief operating officer. Joining ALS Resolvion with more than 20 years of experience in loss mitigation, collections and back ... [Read More]
17 repo agents receive honors from PAR North America
Friday, May. 31, 2019, 02:25 PM
SubPrime Auto Finance News Staff
PAR North America, a division of KAR Auction Services, handed out its Agent of the Year and LPR Agent of the Year, Resolution Champion and Compliance Champion, Regional Choice and other award winners during its 2019 PAR Agent Event in ... [Read More]
Study details ‘pessimism’ about future subprime performance
Wednesday, May. 29, 2019, 06:44 PM
SubPrime Auto Finance News Staff
One of the experts set to appear during the upcoming 23rd annual Non-Prime Auto Financing Conference hosted by the National Automotive Finance Association doesn’t have upbeat expectations of how the subprime auto finance space will perform. Portfolio performance is expected ... [Read More]
CoreLogic rolls out 2 new tools for using alternative data, assessing potential tornado damage
Wednesday, May. 29, 2019, 06:40 PM
SubPrime Auto Finance News Staff
Along with rolling out a tool that’s designed to deliver precise damage exposure data from a tornadic event within minutes, CoreLogic on Wednesday launched a solution aimed at leveraging the capability of alternative credit data. The global property information, analytics ... [Read More]
FTC amends rules for FCRA disclosure and compliance
Wednesday, May. 29, 2019, 03:29 PM
SubPrime Auto Finance News Staff
Now is the time for dealerships and finance companies to check their documents in connection with the Fair Credit Reporting Act. Just before Memorial Day weekend, the Federal Trade Commission approved publication of a Federal Register notice announcing the rescission ... [Read More]
KPA names new president and CEO
Wednesday, May. 29, 2019, 03:27 PM
SubPrime Auto Finance News Staff
KPA acquired Compli earlier this year, and now the provider of environmental health and safety (EHS), HR management and F&I compliance software and services has a new president and chief executive officer. According to a news release distributed on Wednesday, ... [Read More]
RSIG and Allied Finance Adjusters to include 2 FBI experts during annual event
Wednesday, May. 29, 2019, 03:16 PM
SubPrime Auto Finance News Staff
Recovery Specialist Insurance Group (RSIG) and Allied Finance Adjusters are prepping for their annual gathering. REPO19 is set to begin on June 18 in Phoenix. Among the collection of experts set to speak during the three-day event, organizers highlighted the ... [Read More]