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 hires: 3 executives join Wise F&I and eLEND Solutions
Monday, Mar. 12, 2018, 02:44 PM
SubPrime Auto Finance News Staff
Wise F&I and eLEND Solutions each recently expanded their executive teams, citing growth. First, over at eLEND Solutions, a provider in online and in-store finance and “deal-making” solutions for dealers, built its sales team with two proven auto finance sales ... [Read More]
AGORA aligns with Hughes to venture into auto debt sector
Monday, Mar. 12, 2018, 02:43 PM
SubPrime Auto Finance News Staff
AGORA recently bolstered its connections to human capital to delve into the debt space. The Texas-based provider of technology solutions for the financial services industry formed a partnership with Nancy Hughes — a leading debt acquisitions expert — in order to ... [Read More]
4 components of Westlake’s new program for prime paper
Friday, Mar. 9, 2018, 04:11 PM
SubPrime Auto Finance News Staff
Sometimes auto finance companies diversify their portfolio through buying paper lower down the credit spectrum than they typically might. In the case of Westlake Financial Services — which specializes in subprime contracts — the provider is doing the opposite. Westlake ... [Read More]
MVTRAC makes 3-year commitment to NARS golf outing
Friday, Mar. 9, 2018, 04:09 PM
SubPrime Auto Finance News Staff
Organizers of the North American Repossessors Summit (NARS) are hitting their 10th anniversary and received a reward from one of their leading sponsors. NARS — an industry event hosted by the American Recovery Association (ARA) and headline sponsor Harding Brooks ... [Read More]
ABS analysts find ‘encouraging trends’ in 2017 data
Thursday, Mar. 8, 2018, 03:49 PM
SubPrime Auto Finance News Staff
S&P Global Ratings pored over the 2017 data for the U.S. auto loan asset-backed securities (ABS) sector and reported that “a few encouraging trends emerged.” Analysts added that December ABS performance showed seasonal patterns, resulting in upticks in metrics they ... [Read More]
Allied Finance Adjusters and Vendor Transparency Solutions finalize robust partnership
Wednesday, Mar. 7, 2018, 04:27 PM
SubPrime Auto Finance News Staff
More collaboration developed in an effort to enhance the efficiency — and compliance — involving vehicle repossessions and recoveries. Allied Finance Adjusters (AFA) and Vendor Transparency Solutions (VTS) recently entered into an exclusive joint venture agreement that executives say will ... [Read More]
Black Book thinks new infographic will further explain History-Adjusted Valuations
Tuesday, Mar. 6, 2018, 04:40 PM
SubPrime Auto Finance News Staff
Photographs often highlight how valuable — or deteriorated — a vehicle might be before it lands in your inventory. Well, Black Book leveraged some helpful imagery as a part of a new educational infographic to help dealers, remarketers and finance ... [Read More]
PointPredictive rolls out Synthetic ID Alert to stop a growing fraud concern
Tuesday, Mar. 6, 2018, 04:29 PM
SubPrime Auto Finance News Staff
PointPredictive understands criminals looking to orchestrate auto finance scams aren’t sitting idle. On Tuesday, PointPredictive announced the launch of a new patent pending solution called Synthetic ID Alert. The solution is a complement to the company’s comprehensive application fraud scoring ... [Read More]
AFSA points out possible APR confusion with potential laws in NYC
Tuesday, Mar. 6, 2018, 04:27 PM
SubPrime Auto Finance News Staff
Late in February, the American Financial Services Association submitted a comment letter to the New York City Department of Consumer Affairs regarding the department’s proposed rules for independent dealers. According to AFSA’s latest installment of NewsBriefs, the proposed rules would ... [Read More]
6 results now available through Experian’s new tri-bureau trend solution
Tuesday, Mar. 6, 2018, 04:25 PM
SubPrime Auto Finance News Staff
Experian acknowledged that traditional credit attributes provide immense value for auto finance companies when making decisions. But when used alone, Experian insisted they are limited to capturing credit behavior during a single moment of time. To add a deeper layer ... [Read More]