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
Auto/Mate rolls out Deal Closeout for desking module
Friday, May. 17, 2019, 02:45 PM
SubPrime Auto Finance News Staff
Auto/Mate Dealership Systems recently enhanced its product offering aimed at streamlining the sales process and improving the workflow of sales managers, F&I managers and office clerks. The company released Deal Closeout, a new feature in the Desk/Mate Module of its ... [Read More]
Experts differ on what current consumer confidence really means
Monday, May. 13, 2019, 02:18 PM
SubPrime Auto Finance News Staff
We’re nearly halfway through the second quarter, and experts are seeing varying trends about whether consumers are prepared to commit to buying a vehicle at your dealership and financing the purchase through your finance company. While a pair of surveys ... [Read More]
KBRA sees non-prime and prime indexes move similarly in April
Friday, May. 10, 2019, 02:15 PM
SubPrime Auto Finance News Staff
Kroll Bond Rating Agency reported this week that its auto-finance indexes that watch both the non-prime and prime spaces moved in similar directions in April. But a deeper look at the latest data showed some “slightly less sanguine results.” Analysts ... [Read More]
3 recommendations to sharpen F&I menu presentations
Thursday, May. 9, 2019, 03:11 PM
SubPrime Auto Finance News Staff
Now that we’re deep into the second quarter of 2019, GWC Warranty recently offered a refresher in an effort to help dealerships gain more sales traction in the F&I office. With vehicle affordability becoming more a challenge, GWC Warranty emphasized that ... [Read More]
CFPB targets collections, will propose new FDCPA rules
Wednesday, May. 8, 2019, 03:16 PM
SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau is setting its regulatory target next on debt collection in light of technology advances such as text messaging and more. On Tuesday, the bureau issued a notice of proposed rulemaking (NPRM) to implement the Fair ... [Read More]
American Bar Foundation names Hudson as fellow
Wednesday, May. 8, 2019, 03:15 PM
SubPrime Auto Finance News Staff
Another professional accolade was recently given to Tom Hudson. The co-founder of Hudson Cook has been accepted as a Fellow of the American Bar Foundation (ABF). The fellows comprise a global honorary society of attorneys, judges, law faculty and legal ... [Read More]
NARS 2019 generates ‘staggering’ attendance
Wednesday, May. 8, 2019, 03:13 PM
SubPrime Auto Finance News Staff
Along with handing out five different awards and generating thousands of dollars for an industry-related charity, the American Recovery Association cheered the success of this year’s North American Repossessors Summit (NARS), sponsored by Harding Brooks Insurance. ARA officials highlighted that ... [Read More]
Kindschi comes out of retirement to join Open Lending
Tuesday, May. 7, 2019, 02:16 PM
SubPrime Auto Finance News Staff
Kevin Kindschi called it a “detour from retirement,” to work with credit unions about product that can help them serve members with subprime credit histories. After retiring from CUNA Mutual following a 30-year career, Kindschi recently joined Open Lending as ... [Read More]
FTC deems Holder Rule should be retained
Monday, May. 6, 2019, 02:17 PM
SubPrime Auto Finance News Staff
An evaluation project started by the Federal Trade Commission nearly four years ago recently came to a conclusion. The FTC recently announced that it has completed its review of the Holder Rule, which protects consumers who purchase goods and services ... [Read More]
ABCoA’s Deal Pack DMS integrates with 700Credit
Monday, May. 6, 2019, 02:14 PM
SubPrime Auto Finance News Staff
For the second time in the past few days, 700Credit finalized another integration; this time with ABCoA so dealerships can answer the question of, “How can we get rid of double-entry and multiple screens when working a deal?” ABCoA has ... [Read More]