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
CarMax and Credit Acceptance execs among inaugural Great Place to Work For All Leadership Award winners
Monday, Mar. 19, 2018, 03:13 PM
SubPrime Auto Finance News Staff
CarMax and Credit Acceptance each had an executive among the honorees who are women leaders from companies on the FORTUNE 100 Best Companies to Work For and Best Workplaces for Women. Coinciding with the 107th International Women’s Day, Great Place ... [Read More]
Leaders and experts gather for AFSA’s annual Vehicle Finance Conference
Monday, Mar. 19, 2018, 03:11 PM
SubPrime Auto Finance News Staff
American Financial Services Association president and chief executive officer Chris Stinebert explained how AFSA organizes its annual Vehicle Finance Conference & Expo, which begins on Tuesday at the Bellagio in Las Vegas. “We plan this conference every year with input ... [Read More]
New House measure surfaces to establish 5-member commission at CFPB
Friday, Mar. 16, 2018, 02:56 PM
SubPrime Auto Finance News Staff
As the Consumer Financial Protection Bureau issued another issued a request for information (RFI) — this time about its adopted regulations and new rulemaking authorities — associations strongly endorsed legislation introduced in the House of Representatives this week that would ... [Read More]
ARA finalizes partnership with Bridgecrest Acceptance for training and vendor vetting
Friday, Mar. 16, 2018, 02:54 PM
SubPrime Auto Finance News Staff
The American Recovery Association (ARA) landed an enhanced relationship with a finance company on Friday. ARA announced a new partnership with Bridgecrest Acceptance, a licensed third-party servicer, servicing loans for DriveTime and other affiliated finance companies. As part of this ... [Read More]
PointPredictive and defi SOLUTIONS partner to curb auto finance fraud
Thursday, Mar. 15, 2018, 02:58 PM
SubPrime Auto Finance News Staff
Auto finance fraud often happens during the origination process, so PointPredictive and defi SOLUTIONS are joining forces in an effort to curtail the growing trend that TransUnion recently reported as having surpassed $500 million last year alone. On Thursday, PointPredictative ... [Read More]
Pairing up to enhance F&I: GWC with Nicholas Financial and Westlake with AUL
Wednesday, Mar. 14, 2018, 03:04 PM
SubPrime Auto Finance News Staff
This week, two providers of vehicle service contracts enhanced their relationships with finance companies that often cater to consumers who fall into the subprime credit space. First, GWC Warranty, a provider of vehicle service contracts sold through dealers, announced a ... [Read More]
Payscout unveils new self-service payment portal
Wednesday, Mar. 14, 2018, 03:01 PM
SubPrime Auto Finance News Staff
On Wednesday, Payscout — one of the fastest growing privately held global payments processing providers in the U.S. — announced the launch of Condor, a new payment portal that can facilitate frictionless payment processing transactions between a business and its ... [Read More]
RouteOne and MaximTrak roll out single, digital signing capability
Wednesday, Mar. 14, 2018, 03:00 PM
SubPrime Auto Finance News Staff
RouteOne and MaximTrak are continuing to respond to consumer demand for streamlined, digital completion of vehicle delivery. On Wednesday, the companies announced they tried to enhance the consumer experience with the ability to include MaximTrak aftermarket documents in the RouteOne ... [Read More]
Fitch monitoring how recent subprime trends impact overall auto finance performance
Tuesday, Mar. 13, 2018, 03:54 PM
SubPrime Auto Finance News Staff
Fitch Ratings is keeping a close watch on how subprime auto finance paper is performing in a similar fashion to Equifax and TransUnion. Analysts indicated that loss frequency and severity ticked up slightly from historically low levels for the largest U.S. auto finance ... [Read More]
FTC and FCC hosting 2 events to examine illegal phone calls
Monday, Mar. 12, 2018, 02:47 PM
SubPrime Auto Finance News Staff
As opposed to the legitimate collections efforts put forth by dealerships, finance companies and their service providers, federal regulators are looking to curb unwanted phone calls that are out to swindle consumers. Two upcoming events will highlight cooperative efforts by ... [Read More]