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
Huntington elevates Porrello to lead auto finance segment
Tuesday, Dec. 5, 2017, 03:46 PM
SubPrime Auto Finance News Staff
Huntington Bank looked within its ranks to fill a position set to be open because of a retirement as the institution has promoted industry veteran Rich Porrello to president of its auto finance business. Since 2010, Porrello has served as ... [Read More]
Dealertrack and DealerCenter partner to help independent dealers’ F&I efforts
Tuesday, Dec. 5, 2017, 03:43 PM
SubPrime Auto Finance News Staff
More service providers are working together to help dealership finance departments. This week, Dealertrack and DealerCenter announced a strategic integration partnership delivering a more connected F&I workflow. Independent dealerships using DealerCenter's DMS platform can seamlessly connect customer information to Dealertrack’s ... [Read More]
5 major auto financing metrics move higher in November
Tuesday, Dec. 5, 2017, 03:16 PM
SubPrime Auto Finance News Staff
Each of the five metrics involving used- and new-vehicle financing that Edmunds tracks each month moved higher in November. That collection includes averages for terms, monthly payment, the total amount financed, APR and down payment. Edmunds manager of industry analysis ... [Read More]
Exeter Finance joins RouteOne’s eContracting platform
Monday, Dec. 4, 2017, 04:12 PM
SubPrime Auto Finance News Staff
The streamlining of financing is happening in the subprime space, too. RouteOne announced on Monday that Exeter Finance is now an available eContracting finance source for dealers utilizing the RouteOne platform. Officials reiterated eContracting can enable the digital exchange of ... [Read More]
3 finance companies settle with NYC’s consumer agency for more than $300K
Monday, Dec. 4, 2017, 04:10 PM
SubPrime Auto Finance News Staff
Back in October, New York Mayor Bill de Blasio signed a package of legislation giving the city’s Department of Consumer Affairs (DCA) additional regulatory muscle to combat what officials described as “predatory financing practices in the used-vehicle industry.” While those new ... [Read More]
AUL Corp. names business development manager for Central Region
Thursday, Nov. 30, 2017, 03:45 PM
SubPrime Auto Finance News Staff
This week, vehicle service contracts administrator AUL Corp. announced the hiring of Paul Leary to be the business development manager for the company’s Central Region. According to Jason Garner, senior vice president of sales and business development of AUL Corp., ... [Read More]
New training certification program available for VSC professionals
Thursday, Nov. 30, 2017, 03:44 PM
SubPrime Auto Finance News Staff
TrainAndCertify.org, which offers education programs for sales and customer service reps in various consumer-centric industries, on Thursday announced the availability of its Certified Vehicle Protection Professional (CVPP) certification program. TrainAndCertify.org explained that it established the CVPP program via the Academy ... [Read More]
Why floor-plan financing is ripe for growth in 2018
Thursday, Nov. 30, 2017, 03:42 PM
SubPrime Auto Finance News Staff
Perhaps finance providers that do not have as much margin for risk as other market players see businesses as a safer bet than consumers in the auto-finance space. New analysis from White Clarke Group that looks ahead to what might ... [Read More]
2 users describe positive outcomes using MBSi’s Recovery Connect platform
Wednesday, Nov. 29, 2017, 04:11 PM
SubPrime Auto Finance News Staff
A pair of users who have deployed Recovery Connect, MBSi’s next generation recovery assignment management platform, described the successes each one has enjoyed with the solution. To recap, the Recovery Connect mobile app can connect finance companies with recovery agents ... [Read More]
LAUNCHER.SOLUTIONS successfully obtains EI3PA certification
Wednesday, Nov. 29, 2017, 04:09 PM
SubPrime Auto Finance News Staff
With data security on the minds of finance company executives nowadays, LAUNCHER.SOLUTIONS took the steps to negate any apprehension its clients might have. LAUNCHER.SOLUTIONS, creator of appTRAKER Loan Origination System, recently announced it has successfully met all security requirements for ... [Read More]