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
DRN honors 10 agencies as part of 2019 National Affiliate of the Year Awards
Wednesday, Apr. 24, 2019, 03:32 PM
SubPrime Auto Finance News Staff
Along with sharing details about a new affiliate benefit program, Digital Recognition Network (DRN) handed out its annual awards to companies that have demonstrated excellence in the repossession industry. During an appreciation dinner in conjunction with the 2019 North American ... [Read More]
Millennium Capital and Recovery captures another award from Toyota’s captive
Wednesday, Apr. 24, 2019, 03:30 PM
SubPrime Auto Finance News Staff
Toyota Financial Services evidently really likes the results the captive receives from Millennium Capital and Recovery Corp., since the auto-finance provider gave another honor to the forwarding company. TFS recently handed its Recovery Services Excellence Award to Millennium Capital and ... [Read More]
3 mathematics experts create VisionMenu lease payment tool
Wednesday, Apr. 24, 2019, 03:28 PM
SubPrime Auto Finance News Staff
Vision Dealer Solutions went to academia to solve complicated computations finance offices regularly face. The provider that offers VisionMenu, in collaboration with Purdue University Fort Wayne, released a lease payment solver that officials said this week will essentially reverse-engineer the ... [Read More]
ANALYSIS: Lawsuits increase, alleging websites are not compliant with ADA
Tuesday, Apr. 23, 2019, 02:54 PM
Randy Henrick, AutoDealerCompliance.net
A new wave of lawsuits is being filed across the country under the Americans with Disabilities Act (ADA). The ADA is a federal law passed in 1990 requiring “reasonable accommodations” in “any place of public accommodation” to make them accessible ... [Read More]
CFPB director reiterates purpose and strategy involving investigations
Monday, Apr. 22, 2019, 02:42 PM
SubPrime Auto Finance News Staff
During prepared remarks covering an array of topics, Consumer Financial Protection Bureau director Kathleen Kraninger revisited a subject particularly important to auto finance companies — how in-person, onsite examinations might unfold. Kraninger told attendees at an event hosted by the ... [Read More]
First Investors Financial Services installs 2 defi SOLUTIONS tools
Monday, Apr. 22, 2019, 02:38 PM
SubPrime Auto Finance News Staff
First Investors Financial Services (FIFS) is now using a pair of cloud-based loan solutions fueled by defi SOLUTIONS. Officials highlighted the Houston-based subprime auto finance company went live on the defi loan origination and analytics systems (defi LOS and defi ... [Read More]
PODCAST: Latest achievements stemming from Auto Fraud Consortium
Thursday, Apr. 18, 2019, 02:37 PM
SubPrime Auto Finance News Staff
PointPredictive chief fraud strategist Frank McKenna joined Nick for the episode that focused on the achievements of the Auto Fraud Consortium, a wide-ranging collection of finance companies that are collaborating to reduce the volume of fraudulent paper infecting their portfolios. ... [Read More]
Indiana AG files civil suit over special-finance promotions sent to 2.1M state residents
Wednesday, Apr. 17, 2019, 01:43 PM
SubPrime Auto Finance News Staff
Indiana attorney general Curtis Hill is pursuing legal action against another dealership promotions company over allegations of deceptive advertising that included thousands of dollars in prizes and promotions of special financing connected with monthly payments of less than $100. In ... [Read More]
3 elements of CARS Program update from RISC and Hudson Cook
Wednesday, Apr. 17, 2019, 01:41 PM
SubPrime Auto Finance News Staff
For the second time leading into this week’s North American Repossessors Summit (NARS), Recovery Industry Services Co. (RISC) is bolstering its offerings. Through its relationship with Hudson Cook, RISC announced it has completed a significant update to the Certified Asset ... [Read More]
Survey reinforces compliance-knowledge gap over securing consumer consent
Wednesday, Apr. 17, 2019, 01:39 PM
SubPrime Auto Finance News Staff
Collections and other customer-service communications certainly can be a complicated endeavor, and a survey conducted by PossibleNOW revealed how some firms still might not have a firm grip on all compliance matters associated with getting past-due payments and more. The ... [Read More]