CFPB’s newest Supervisory Highlights detail numerous ‘illegal practices’ in auto finance
Tuesday, Oct. 8, 2024, 10:11 AM
Agora Data reveals 5 members of new financial institutions group
Wednesday, Oct. 9, 2024, 10:59 AM
Automotive Risk Management Partners tries to see potential positives from CARS Rule
Wednesday, Oct. 9, 2024, 11:00 AM
Platinum Auto Finance bolsters resources near Florida base
Tuesday, Jun. 26, 2018, 02:18 PM
SubPrime Auto Finance News Staff
Platinum Auto Finance recently made a series of strategic moves, including an expansion in markets near its base in Florida while closing one of its facilities in North Carolina. The expansion portion of the subprime auto finance company’s strategy involves ... [Read More]
Auto defaults drop to lowest point since last July
Monday, Jun. 25, 2018, 03:21 PM
SubPrime Auto Finance News Staff
Auto defaults dropped last month for the third consecutive month as the May reading now has settled below the 1-percent mark for the fourth year in a row. According to data through May released by S&P Dow Jones Indices and ... [Read More]
Another federal judge calls CFPB unconstitutional
Friday, Jun. 22, 2018, 03:28 PM
Nick Zulovich, Senior Editor
In a case unrelated to auto finance, a ruling by a New York federal judge released this week found the Consumer Financial Protection Bureau to be unconstitutionally structured; an action that disagreed with the D.C. Circuit Court of Appeals stating ... [Read More]
Kennedy: Why aren’t finance companies using traditional methods to fight fraud?
Thursday, Jun. 21, 2018, 03:28 PM
Joel Kennedy, Spinnaker Consulting Group
During the recent National Automotive Finance Association Non-Prime Financing Conference, I led “Fraud Friday” sessions where I presented my taxonomy of fraud and showcased two panels highlighting more of the unique and innovative solutions in the space today. While there ... [Read More]
COMMENTARY: Considering all-in-one pricing for repossession services
Wednesday, Jun. 20, 2018, 04:12 PM
Mike Levison, ALS Resolvion
During the past 12 to 18 months, there has been a real increase in interest by lenders around the idea of establishing “all-in-one pricing” (AiO) with their repossession forwarders. Most of this interest has been spurred by concerns expressed by ... [Read More]
Procon Analytics debuting AI-driven risk mitigation tool at NIADA
Wednesday, Jun. 20, 2018, 03:14 PM
Nick Zulovich
Advantage GPS, a Procon Analytics company that can capture and translate raw data into actionable business intelligence, announced it will debut its recently released AI-artificial intelligence-driven vehicle finance platform this week at the National Independent Automobile Dealers Association Convention in ... [Read More]
Spireon rolls out new features of GoldStar GPS at NIADA
Wednesday, Jun. 20, 2018, 03:13 PM
SubPrime Auto Finance News Staff
This week during the National Independent Automobile Dealers Association’s Expo and Convention, Spireon introduced Quick Locate, the latest feature of its GoldStar GPS solution. The company highlighted Quick Locate can provide dealers and subprime auto finance companies instant visibility to ... [Read More]
Predictable spring helps subprime ABS make improvements
Monday, Jun. 18, 2018, 03:09 PM
SubPrime Auto Finance News Staff
It’s been a predictable spring for the U.S. auto loan asset-backed securities (ABS) market, and S&P Global Ratings said that’s been a good thing. It was so good, in fact, that one subprime-specific metric made a positive move for the ... [Read More]
4 potential benefits of ChannelNet and White Clarke Group partnership
Friday, Jun. 15, 2018, 02:43 PM
SubPrime Auto Finance News Staff
ChannelNet announced a strategic partnership this week with White Clarke Group to offer an end-to-end financing solution to the global asset finance market. The partnership offers asset finance companies an integrated customer and dealer-facing platform that can automate the overall ... [Read More]
GrooveCar unveils newly designed website
Friday, Jun. 15, 2018, 02:41 PM
SubPrime Auto Finance News Staff
A project that took roughly six months came to fruition in an attempt to help credit unions fill their auto finance portfolios. This week, GrooveCar launched its new corporate website designed to deliver a greater level of engagement for its credit ... [Read More]