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
Explaining implications of SCUSA’s nearly $12M settlement with CFPB
Tuesday, Nov. 27, 2018, 03:15 PM
SubPrime Auto Finance News Staff
FNI Inc. president David Bafumo spent part of his Thanksgiving holiday dissecting the potential pitfalls that resulted in Santander Consumer USA reaching a settlement with the Consumer Financial Protection Bureau over a GAP product. Two days before the country carved ... [Read More]
FTC maintains stance on privacy while fostering innovation
Wednesday, Nov. 21, 2018, 02:01 PM
SubPrime Auto Finance News Staff
The Federal Trade Commission called for a balanced approach that protects both consumer privacy and innovation in a comment submitted to the Department of Commerce’s National Telecommunications and Information Administration (NTIA) as part of that agency’s consumer privacy proceeding. In ... [Read More]
Consolidated Asset Recovery Systems adds former Del Mar executive
Wednesday, Nov. 21, 2018, 01:55 PM
SubPrime Auto Finance News Staff
On the heels of landing a trio of clients as well as an enhanced relationship with Digital Recognition Network (DRN), Consolidated Asset Recovery Systems also added to its executive team. Consolidated recently announced that it has named Jeff Rau as ... [Read More]
Auto defaults rise 3 basis points in October
Tuesday, Nov. 20, 2018, 04:27 PM
SubPrime Auto Finance News Staff
Auto finance defaults rose for just the second time this year in October. But the 3-basis point rise is only a fraction of the largest uptick analysts from S&P Dow Jones Indices and Experian have seen during the past 36 ... [Read More]
masterQueue names former Ally exec its new operational strategist
Thursday, Nov. 15, 2018, 05:43 PM
SubPrime Auto Finance News Staff
Intellaegis, which does business as masterQueue, announced today during Used Car Week it has named a new operational strategist. The debt collection software company has named former Ally executive vice president Bill Ploog to its management team. Ploog joins Intellaegis ... [Read More]
Location Services pays DRN $325K to settle non-compete case with DigitalDog Auto Recovery
Thursday, Nov. 15, 2018, 04:56 PM
SubPrime Auto Finance News Staff
AI and data analytics company Digital Recognition Network (DRN) announced on Thursday that rather than go to trial on the issue of damages, Location Services and DRN have agreed on a settlement after Federal Court ruled in DRN’s favor. Location ... [Read More]
Primeritus names new chief executive
Monday, Nov. 12, 2018, 03:32 PM
SubPrime Auto Finance News Staff
As Used Car Week kicked off this Monday in Scottsdale, Ariz., Primeritus Financial Services announced a new chief executive officer. Mike Thomas has been named CEO, and the move is effective immediately. Thomas succeeds Scott Peters in the position, who joined ... [Read More]
KAR ramps up recovery services with purchase of Clearplan
Monday, Nov. 12, 2018, 02:39 PM
SubPrime Auto Finance News Staff
KAR Auction Services today announced it has boosted its asset recovery capabilities with the purchase of Clearplan. Based in Reno, Nev., Clearplan is a digital platform for recovery agents, drivers, forwarders and lenders that acts as a centralized, mobile “cloud-based ... [Read More]
Fed keeps interest rates steady
Friday, Nov. 9, 2018, 03:17 PM
SubPrime Auto Finance News Staff
There’s no doubt about the Federal Reserve’s decision revealed this week to leave interest rates as they are at least for the time being. By a unanimous vote, the Federal Open Market Committee decided to maintain the target range for ... [Read More]
How Location Services is blending diverse backgrounds into one recovery team
Friday, Nov. 9, 2018, 02:29 PM
SubPrime Auto Finance News Staff
What Locations Services believes is the recipe for success in the repossession and recovery industries includes taking executives from an array of well-known companies such as Ally Financial, PAR North America and Remarketing of America and fueling them with the ... [Read More]