LendingTree released findings of its study on which brands buyers who secure financing are stretching the most to afford. The company acknowledged financing a vehicle is one of the more significant financial decisions Americans make, and even those who try ... [Read More]

F&I Express recently added two executives to its company team who each possess more than 20 years professional experience. First, the company announced Gary Peek has joined the business team as chief information officer. Management highlighted that Peek will be ... [Read More]

Last week, Consumer Portfolio Services announced the closing of its first term securitization of 2018.  Officials highlighted the transaction is CPS’ 27th senior subordinate securitization since the beginning of 2011 and the 10th consecutive securitization to receive a triple “A” ... [Read More]

The management team at defi SOLUTIONS now has a sizeable amount of resources to deploy an aggressive growth plan. On Friday, defi SOLUTIONS announced it has raised $55 million in a Series C investment from Bain Capital Ventures. Executives highlighted the ... [Read More]

The National Automotive Finance Association is teaming with Hudson Cook and Compli for a free webinar in an effort to answer some questions likely on the minds of leaders at dealerships and finance companies. A trio of experts is looking ... [Read More]

While a consumer advocate in a note to SubPrime Auto Finance News called the action “an insane development,” industry representatives cheered the request by the acting director of the Consumer Financial Protection Bureau for evidence of the regulator’s effectiveness. On ... [Read More]

MBSi Corp. welcomed a top executive from another firm in the recovery industry to its company team this week. MBSi, one of the loyal sponsors of Used Car Week and a leading provider of repossession assignment software and vendor compliance ... [Read More]

White Clarke Group recently bolstered its North American workforce. The global provider of full lifecycle loan origination, servicing, collections and floorplan finance technology announced Heather Slyman has joined the firm as vice president of business development for North America. Executives ... [Read More]

An important component in subprime auto finance underwriting is gauging the potential contract holder’s ability to make installment payments. LAUNCHER.SOLUTIONS and Equifax are teaming up to help finance companies with that stipulation. This week Equifax and LAUNCHER.SOLUTIONS, a technology provider ... [Read More]

For the fourth time in the past seven years, the auto portion of the S&P/Experian Consumer Credit Default Indices closed the calendar with the default rate holding steady or ticking a bit lower on a sequential basis. S&P Dow Jones ... [Read More]