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
4 suggestions to combat cyberattacks
Tuesday, Oct. 24, 2017, 03:23 AM
SubPrime Auto Finance News Staff
David Kennedy of First Credit Resources, who is the current president of the American Recovery Association and one of the speakers on tap for Used Car Week, offered four suggestions for what protective moves repossession agencies, another other service providers, should ... [Read More]
White Clarke Group unveils global cloud platform
Tuesday, Oct. 24, 2017, 03:21 AM
SubPrime Auto Finance News Staff
On Monday, White Clarke Group announced the release of a new fully cloud-hosted version of its CALMS complete lifecycle credit processing and administration platform for the automotive, consumer and equipment finance industry via its partnership with Amazon Web Services (AWS). ... [Read More]
2 primary reasons why social media is still not viable for underwriting
Tuesday, Oct. 24, 2017, 03:20 AM
SubPrime Auto Finance News Staff
No doubt, finance companies are looking for whatever reliable piece of information they can examine while they’re first deciding if they should make an auto finance offer to a potential vehicle buyer and then exploring what terms and down payment ... [Read More]
Auto defaults jump by 10 basis points in September
Sunday, Oct. 22, 2017, 09:19 PM
SubPrime Auto Finance News Staff
Auto defaults continued their cyclical move higher in September, crossing the 1-percent threshold and landing at nearly the highest spot in three years. The data through September reviewed by S&P Dow Jones Indices and Experian showed that auto finance defaults ... [Read More]
Tommy Moore Jr.: Subprime Auto Finance Executive of the Year
Sunday, Oct. 22, 2017, 08:52 PM
Nick Zulovich, Senior Editor
Tommy Moore Jr. initially thought what sprouted to be First Investors Financial Services would just be a sideline business in auto finance. He was concentrated on another banking career in Houston at the time, focused on retail and commercial lending. ... [Read More]
Davis & Gilbert experts finds 4 signs of subprime auto ABS market vulnerability
Friday, Oct. 20, 2017, 02:51 PM
Nick Zulovich, Senior Editor
As S&P Global Ratings noticed collateral performance in the U.S. subprime auto loan asset-backed securities (ABS) market deteriorated moderately on a sequential basis in August, Davis & Gilbert’s Insolvency, Creditors’ Rights & Financial Products Practice Group fears investors could be ... [Read More]
UPDATED: Verifacto partners with Berkshire Risk Services to monitor CPI coverage
Friday, Oct. 20, 2017, 02:48 PM
SubPrime Auto Finance News Staff
Risk management technology provider Verifacto finalized a partnership with Berkshire Risk Services, a collateral protection insurance (CPI) company for dealers and auto finance companies. Through the partnership with Berkshire Risk Services, Verifacto — one of the new exhibitors coming to ... [Read More]
DIMONT brings in 3 new experienced executives
Thursday, Oct. 19, 2017, 02:11 PM
SubPrime Auto Finance News Staff
DIMONT is coming to Used Car Week armed with three additional experienced executives within its workforce. This week, DIMONT, one of the largest providers of insurance claims adjusting and collateral loss mitigation services, announced the addition of three industry experts ... [Read More]
FactorTrust and Intellaegis partner to leverage complimentary platforms
Thursday, Oct. 19, 2017, 02:09 PM
SubPrime Auto Finance News Staff
Two Used Car Week exhibitors — FactorTrust and Intellaegis — announced an integration partnership on Thursday. Executives explained the servicing platform, masterQueue, which combines artificial intelligence with predictive data is set to leverage FactorTrust’s proprietary alternative credit data to locate ... [Read More]
GM Financial set to open San Antonio Service Center
Wednesday, Oct. 18, 2017, 04:16 PM
SubPrime Auto Finance News Staff
GM Financial is ready to have a Texas-sized celebration on Thursday. The captive — which also is one of the Silver Sponsors of Used Car Week — will host the grand opening of its new service center in San Antonio; ... [Read More]