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
SNAAC partners with Primeritus Financial Services
Wednesday, Sep. 26, 2018, 01:52 PM
SubPrime Auto Finance News Staff
Security National Automotive Acceptance Co. (SNAAC), a non-prime auto finance company, and Primeritus Financial Services, a provider of recovery management, skip-tracing, and remarketing services to the auto finance industry, announced their collaborative partnership on Tuesday. Primeritus will provide SNAAC its ... [Read More]
FTC explains new law involving credit freezes and fraud alerts
Monday, Sep. 24, 2018, 03:32 PM
SubPrime Auto Finance News Staff
The Federal Trade Commission announced consumers — especially individuals who are trying to repair their credit profiles and are concerned about identity theft or data breaches — can freeze their credit and place one-year fraud alerts for free. Under the ... [Read More]
DIMONT to leverage Black Book history-adjusted valuations during claims process
Monday, Sep. 24, 2018, 03:30 PM
SubPrime Auto Finance News Staff
Coming on the heels of establishing a relationship with defi SOLUTIONS, Black Book also announced a development involving its history adjusted valuations (HAV) data and resources being integrated with DIMONT, one of the largest providers of insurance claims adjusting and ... [Read More]
3 factors that influence employee compensation most
Thursday, Sep. 20, 2018, 02:20 PM
SubPrime Auto Finance News Staff
Automotive Personnel founder and chief executive officer Don Jasensky tackled one of the most challenging work elements facing both employers and employees — financial compensation. Jasensky, who established his human resources firm in 1989, pinpointed what he believes are three ... [Read More]
FTC shuts down websites selling fake pay stubs, other documents
Wednesday, Sep. 19, 2018, 03:23 PM
SubPrime Auto Finance News Staff
Here is some good news for auto finance companies involving ongoing concern about fraudulent paper ending up in their portfolios. The operators of websites that sold fake documents used to facilitate identity theft and other frauds have agreed to permanently ... [Read More]
August auto defaults continue stable summertime path
Wednesday, Sep. 19, 2018, 03:12 PM
SubPrime Auto Finance News Staff
S&P Dow Jones Indices and Experian determined this week that August defaults remained within the 7-basis-point range analysts have seen for this particular month during the past four years. According to data through August for the S&P/Experian Consumer Credit Default ... [Read More]
DealerBuilt settles with New Jersey AG over data breach
Tuesday, Sep. 18, 2018, 02:07 PM
SubPrime Auto Finance News Staff
While perhaps not to the scale of some other data breaches, a dealership management software (DMS) provider recently reached a settlement with New Jersey regulators whose investigation found compromised systems. New Jersey attorney general Gurbir Grewal and the state’s Division ... [Read More]
Black Book history-adjusted valuations now embedded in defi SOLUTIONS’ platform
Monday, Sep. 17, 2018, 03:15 PM
SubPrime Auto Finance News Staff
Two well-known industry names — Black Book and defi SOLUTIONS — are working together again. On Monday, Black Book announced its history-adjusted valuations (HAV) data and resources will be integrated into an interface with defi SOLUTIONS. Editors explained history-adjusted valuations ... [Read More]
Analysis: CFPB finalizes changes to annual privacy notice
Thursday, Sep. 13, 2018, 02:37 PM
Alexander Koskey, Baker Donelson
The Consumer Financial Protection Bureau (CFPB) has issued its final rule adopting changes to Regulation P, which governs the requirements for financial institutions to issue privacy notices to its customers. The final rule implements new timing requirements for sending annual ... [Read More]
CFPB focuses latest supervisory highlights on repo and insurance issues
Wednesday, Sep. 12, 2018, 03:41 PM
SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau concentrated the auto-finance portion of its latest supervisory highlights on two of the most complicated matters when someone needs credit to acquire a vehicle — repossession and the application of insurance proceeds. Before deploying a ... [Read More]