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
New-car rates jump to near-decade high as delinquencies remain stable
Thursday, Apr. 5, 2018, 02:29 PM
SubPrime Auto Finance News Staff
As Edmunds spotted interest rates on new-vehicle financing climbing to the highest level in nearly a decade, the latest auto finance data from Equifax showed severe delinquency edged up only slightly in February. According to information shared this week with ... [Read More]
CFPB acting director requests 4 major changes to bureau operations
Wednesday, Apr. 4, 2018, 02:54 PM
SubPrime Auto Finance News Staff
As another state in the Northeast established an consumer protection agency that resembles the one at the federal level, the acting director of the Consumer Financial Protection Bureau included what he called a “request that Congress make four changes to ... [Read More]
ALS Resolvion integrates with Clearplan to boost repo efforts
Wednesday, Apr. 4, 2018, 02:51 PM
SubPrime Auto Finance News Staff
Finding vehicles up for repossession is daunting, so service providers are continuing to merge their technologies in order for finance companies to improve recovery efforts. ALS Resolvion announced that it recently became the first repossession management firm to successfully integrate its in-house ... [Read More]
DIMONT and Auto Trakk announce partnership
Wednesday, Apr. 4, 2018, 02:48 PM
SubPrime Auto Finance News Staff
Vehicle leasing in the subprime space is getting a boost by two service providers now collaborating. DIMONT, a provider of insurance claims recovery and collateral loss mitigation services, finalized a partnership this week with Pennsylvania-based Auto Trakk, a leading automotive ... [Read More]
Black Book’s 2018 depreciation forecast and 3 other findings from Fitch
Tuesday, Apr. 3, 2018, 02:31 PM
SubPrime Auto Finance News Staff
Now with one quarter of 2018 in the books, Black Book and Fitch Ratings released their latest joint vehicle depreciation report. Along with three other major findings, Black Book forecasted an annual depreciation rate of 17 percent in 2018 as ... [Read More]
FTC responds to CFPB info request about CIDs
Monday, Apr. 2, 2018, 02:41 PM
SubPrime Auto Finance News Staff
Industry associations and private and publicly traded companies aren’t the only entities replying to a request for information issued by the Consumer Financial Protection Bureau. Last week, the Federal Trade Commission’s Bureau of Consumer Protection (BCP) filed a comment to ... [Read More]
F&I roundup: Updates involving Darwin, RouteOne, Reynolds and Hendrick
Monday, Apr. 2, 2018, 02:39 PM
SubPrime Auto Finance News Staff
Two leading providers of technology to help dealership F&I offices function smoothly — Darwin Automotive and Reynolds and Reynolds — each recently landed significant developments to boost their industry presence. First, Darwin Automotive announced that Darwin Online is now integrated ... [Read More]
Santander Consumer USA revamps website
Monday, Apr. 2, 2018, 02:37 PM
SubPrime Auto Finance News Staff
With so much discussion happening at recent industry conferences about enhancing how customers shop for and finance their vehicles, Santander Consumer USA took action. SCUSA unveiled a new company website with the singular goal of improving the overall customer experience. ... [Read More]
SpringboardAuto case study reinforces survey results about online financing satisfaction
Thursday, Mar. 29, 2018, 03:14 PM
SubPrime Auto Finance News Staff
Earlier this year, SpringboardAuto released results of a survey that determined consumers want to finance their vehicle online and doing so significantly improves their overall car buying experience and perception of the dealership where they take delivery. And last week, ... [Read More]
Dissecting implications of latest appeals court actions involving TCPA
Wednesday, Mar. 28, 2018, 03:45 PM
Eve Cann, Baker Donelson
In its long-awaited ruling addressing the Federal Communications Commission’s 2015 Declaratory Ruling and Order, the U.S. Court of Appeals for the D.C. Circuit partially upheld and partially set aside challenges to four specific provisions that had been intended to offer ... [Read More]