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
RoadVantage releases non-branded F&I education videos
Wednesday, Sep. 13, 2017, 02:59 PM
SubPrime Auto Finance News Staff
RoadVantage wants educated customers arriving at dealership finance departments, so the F&I program provider rolled out a series of educational videos that are free and not tied to a specific provider brand. RoadVantage acknowledged some providers offer proprietary branded product ... [Read More]
Del Mar Recovery Solutions reveals corporate rebranding and strategic initiatives
Wednesday, Sep. 13, 2017, 02:56 PM
SubPrime Auto Finance News Staff
Del Mar Recovery Solutions is sharpening both its look and approach to better serve the entire auto finance space. The provider of national repossession management, skip-tracing, remarketing, license plate recognition and specialty recovery services is making significant strategic investments to ... [Read More]
Pushing through ‘alarm bells’ within the subprime auto ABS market
Tuesday, Sep. 12, 2017, 02:17 PM
SubPrime Auto Finance News Staff
The analyst team at S&P Global Ratings asked a question that perhaps many other finance company leaders and auto finance observers have pondered. In fact, the question turned into the title of the firm’s latest report, “After Two Decades On ... [Read More]
Spireon claims another honor for customer service
Monday, Sep. 11, 2017, 03:22 PM
SubPrime Auto Finance News Staff
Spireon gets to add another honor to its mantle. The company recently received the prestigious Gold award for customer service in the 2017 Golden Bridge Awards; a program that encompasses the world’s best in organizational performance, innovations, products and services. ... [Read More]
Darwin Automotive now working with 2,000 dealers
Monday, Sep. 11, 2017, 03:21 PM
SubPrime Auto Finance News Staff
F&I software provider Darwin Automotive announced on Monday that it has reached a significant milestone — enrolling its 2,000th dealership nationwide. Since launching just 19 months ago, Darwin Automotive has achieved significant growth across the U.S., securing endorsements with the ... [Read More]
Early fallout of Equifax breach that might impact 143 million consumers
Friday, Sep. 8, 2017, 03:54 PM
Nick Zulovich, Senior Editor
From lawmakers to law firms, Equifax now is in the middle of a financial hurricane as the credit bureau announced late on Thursday that a cybersecurity incident potentially impacted approximately 143 million U.S. consumers. In its announcement, Equifax said criminals exploited ... [Read More]
AUL promotes 2 executives to new positions
Friday, Sep. 8, 2017, 02:26 PM
SubPrime Auto Finance News Staff
This week, vehicle service contracts administrator AUL Corp. announced the executive promotions today of Bryan Nieves to vice president of national accounts and Henry Paoli to national sales manager. According to Jason Garner, AUL’s senior vice president of sales and ... [Read More]
Cordray sticks with CFPB message during Labor Day speech in Ohio
Wednesday, Sep. 6, 2017, 02:29 PM
SubPrime Auto Finance News Staff
If Richard Cordray wanted to make a triumphant announcement that he was running for governor in Ohio, the Consumer Financial Protection Bureau director passed on the opportunity when he gave a speech on Monday during the Cincinnati AFL-CIO Labor Day ... [Read More]
RateGenius hits new milestone, aims for 400,000 refinanced contracts
Wednesday, Sep. 6, 2017, 02:27 PM
SubPrime Auto Finance News Staff
RateGenius, an online auto refinancing platform, recently reached a milestone by refinancing more than 334,738 installment contracts, saving customers an estimated $350.5 million since its inception in 1999. “It’s gratifying to know that we've helped so many people save such ... [Read More]
FCC to examine 11 recommendations for blocking phone calls
Wednesday, Sep. 6, 2017, 02:25 PM
SubPrime Auto Finance News Staff
How collections departments can make contact with customers via phone might be impacted by what the Federal Communications Commission is currently reviewing. The agency’s consumer advisory committee is expected to consider a recommendation from its robocalls working group on blocking unwanted ... [Read More]