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
CUNA spells out TCPA concerns to FCC
Wednesday, Oct. 18, 2017, 04:14 PM
SubPrime Auto Finance News Staff
Another nationwide organization is asking federal regulators for assistance since technology has revolutionized the way finance providers and customers can communicate. The Credit Union National Association (CUNA) recently filed a petition with the Federal Communications Commission regarding the Telephone Consumer ... [Read More]
Launcher integrates Carfax into LOS platform
Wednesday, Oct. 18, 2017, 04:13 PM
SubPrime Auto Finance News Staff
Here’s a development aimed at helping to keep potentially flood-damaged and other compromised vehicles out of your company’s portfolio. This week, Launcher — a technology provider specializing in subprime automotive finance originations, has integrated access to Carfax Vehicle History Reports ... [Read More]
5 crucial VSC components to review with customers
Tuesday, Oct. 17, 2017, 02:14 PM
SubPrime Auto Finance News Staff
GWC Warranty acknowledged it can be a challenge for dealership staff to include a vehicle service contract in the auto financing package, especially if customers are already stretching their budgets to meet the monthly payment requirements. So when a VSC ... [Read More]
TransUnion acquisition of eBureau aimed at combating fraud
Monday, Oct. 16, 2017, 02:40 PM
SubPrime Auto Finance News Staff
In light of what’s happening nowadays in the credit bureau space, TransUnion’s latest acquisition is aimed at bolstering its arsenal against fraud. TransUnion recently announced that it bolstered its data and analytics capabilities with the acquisition of eBureau, a leading ... [Read More]
Key House member looking for wide-sweeping credit bureau changes
Friday, Oct. 13, 2017, 02:08 PM
SubPrime Auto Finance News Staff
The Equifax data breach is continuing to impact Experian and TransUnion, too. First, New York’s attorney general asked for formal meetings as the Empire State intensified its financial services regulations. Now this week, Chief Deputy Whip Patrick McHenry, who also ... [Read More]
Nicholas Financial among ACI Worldwide’s 2017 Innovation Award winners
Friday, Oct. 13, 2017, 02:06 PM
SubPrime Auto Finance News Staff
ACI Worldwide, one of the more than 60 exhibitors set to share their expertise during Used Car Week, recently announced the winners of the 2017 ACI Innovation Awards, with one of the recipients being a finance company that specializes in ... [Read More]
Resilient economy keeps interest rates stable
Thursday, Oct. 12, 2017, 02:37 PM
SubPrime Auto Finance News Staff
With two more opportunities to announce a move before the end of the year, trends are pointing toward the Federal Reserve using at least one of them to modify interest rates after passing on the chance this week. The Federal ... [Read More]
GrooveCar looking to help credit unions boost 20-percent market share
Wednesday, Oct. 11, 2017, 02:35 PM
SubPrime Auto Finance News Staff
Experian Automotive reported that credit unions held a 20.3-percent market share of all auto financing during the second quarter, up from 18.7 percent a year earlier. GrooveCar is looking to help credit unions boost the figure even more during this ... [Read More]
Crystal Fusion Technologies now a part of F&I Express’ aftermarket network
Wednesday, Oct. 11, 2017, 02:32 PM
SubPrime Auto Finance News Staff
This week, F&I Express welcomed Crystal Fusion Technologies to its network of aftermarket providers, which now total more than 140 companies. Crystal Fusion manufactures Ultra-Hydrophobic coatings for windshields to enhance visibility in bad weather and strengthen the glass. Crystal Fusion ... [Read More]
7 differences between career seekers and job seekers
Tuesday, Oct. 10, 2017, 02:37 PM
SubPrime Auto Finance News Staff
While Cox Automotive’s latest workforce study uncovered some startling data and Hireology presented some branding suggestions, Automotive Personnel chief executive officer Don Jasensky reiterated the seven differences he has seen between “job seekers” and “career seekers.” Jasensky insisted that “there ... [Read More]