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
Zurich North America products now part of F&I Express
Wednesday, Dec. 5, 2018, 03:28 PM
SubPrime Auto Finance News Staff
This week, F&I Express announced that it has added Zurich North America’s F&I products to its platform of digital solutions. The company highlighted the move can provide dealerships across the country with broader technology and innovation options for accessing Zurich’s ... [Read More]
Profit key for 2019: Closer bond between F&I and service drive
Wednesday, Dec. 5, 2018, 03:27 PM
SubPrime Auto Finance News Staff
At a typical dealership, the finance office might only be a few paces from the service drive. But if stores large and small want to improve their performances in 2019 and beyond, EFG Companies emphasized that personnel in both dealership ... [Read More]
NADA asks IRS for clarification over floorplan depreciation provision
Tuesday, Dec. 4, 2018, 04:28 PM
SubPrime Auto Finance News Staff
With less than a month remaining in the calendar year, tax matters are top of mind at the National Automobile Dealers Association. NADA recapped that the IRS recently proposed a rule on the additional first year depreciation deduction provision that ... [Read More]
What used-car financing looked like in November
Monday, Dec. 3, 2018, 03:29 PM
SubPrime Auto Finance News Staff
The annual percentage rate on used-car financing in November went up more than a percentage point from a year ago, and the average amount financed climbed more than $500. That’s according to the latest auto finance data from Edmunds, as ... [Read More]
CFPB director nominee now at final Senate vote
Friday, Nov. 30, 2018, 03:29 PM
SubPrime Auto Finance News Staff
The process for establishing Kathleen Kraninger as the next director of the Consumer Financial Protection Bureau took another sharply, politically divided step forward on Thursday as the Senate barely approved invoking cloture to end debate about her nomination. Composition of ... [Read More]
LAUNCHER.SOLUTIONS and VinAudit.com finalize integration
Friday, Nov. 30, 2018, 03:25 PM
SubPrime Auto Finance News Staff
Two companies are collaborating for enhanced subprime underwriting at a lower cost. This week, LAUNCHER.SOLUTIONS, a technology provider specializing in subprime originations, announced a strategic integration partnership with VinAudit.com aimed at reducing costs incurred by subprime finance companies for vehicle ... [Read More]
Dozen findings from study about consumer anxiety over bills
Thursday, Nov. 29, 2018, 03:26 PM
SubPrime Auto Finance News Staff
More evidence and commentary as to why the 30-day or 60-day delinquency rates connected with your portfolio might be at their current levels arrived this week. And consumer study findings coincided with the Federal Reserve chairman reiterating “vulnerabilities” within the ... [Read More]
ANALYSIS: When does a principal business purpose amount to debt collection under the FDCPA?
Wednesday, Nov. 28, 2018, 05:26 PM
Jade Sipes, Baker Donelson
The Fair Debt Collection Practices Act prohibits debt collectors from engaging in abusive debt collection practices. To be liable under the Act, however, the defendant must be a debt collector. And there are two ways that a defendant can qualify ... [Read More]
Spireon gains 30th US patent
Wednesday, Nov. 28, 2018, 03:25 PM
SubPrime Auto Finance News Staff
It’s like the federal government gave Spireon a holiday present. The U.S. Patent and Trademark Office has awarded Spireon a patent for its technology approach to managing an automotive dealership’s vehicle inventory by pairing a tracking device to a vehicle. ... [Read More]
4 possible ways to bring some financing cheer to your dealership
Wednesday, Nov. 28, 2018, 03:22 PM
SubPrime Auto Finance News Staff
Black Friday and Cyber Monday might have already passed, but GWC Warranty contends that dealerships still can leverage consumers’ enthusiasm for spending to rake in some retail revenue via their finance departments. “There are two ways to look at the holiday ... [Read More]