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
Appeals court senses political tone of CFPB constitutionality rehearing
Tuesday, May. 30, 2017, 06:32 PM
Nick Zulovich, Senior Editor
Hudson Cook partner Lucy Morris told SubPrime Auto Finance News she wasn’t surprised the U.S. Court of Appeals for the District of Columbia Circuit immediately smelled the political aroma during oral arguments as the 11-member en banc panel assembled for ... [Read More]
9 key points from Fed’s latest meeting minutes
Tuesday, May. 30, 2017, 02:44 PM
SubPrime Auto Finance News Staff
Comerica Bank chief economist Robert Dye summarized what he called the nine important takeaways from the minutes released last week condensing the Federal Reserve’s Federal Open Market Committee's latest meeting, where members used the adjective “transitory” to describe first quarter ... [Read More]
Westlake partners with eOriginal to enable eContracting
Thursday, May. 25, 2017, 01:01 PM
SubPrime Auto Finance News Staff
Westlake Financial Services this week finalized a partnership with eOriginal in an effort toward what the companies classified as the path to digitally transform the finance companies' dealer management system into an eContracting solution. The move is geared to improve ... [Read More]
Payix names finance & accounting leader
Thursday, May. 25, 2017, 12:59 PM
SubPrime Auto Finance News Staff
This week, mobile collections and payments app provider Payix announced that Priscilla Zarate has joined the company’s executive team as its finance & accounting leader. In this role, Zarate will serve as the firm’s controller and lead the financial planning, ... [Read More]
58 percent of voters in 8 key states want CFPB run by commission
Monday, May. 22, 2017, 03:40 PM
SubPrime Auto Finance News Staff
While the latest U.S. House proposal to modify the Consumer Financial Protection Bureau keeps the agency overseen by a single director, it appears the sentiment of more than just industry supporters within the Capital Beltway is strong for the bureau ... [Read More]
DecisivEdge describes 6 ‘must haves’ for loan origination software
Monday, May. 22, 2017, 03:24 PM
SubPrime Auto Finance News Staff
Not long after launching its lending and leasing as a service (LLaaS) product powered by Oracle, technology services and consulting company DecisivEdge articulated what the firm believes are the six “must haves” when auto finance providers are considering loan origination ... [Read More]
AFG adds 4 credit unions, 1 bank to client stable
Monday, May. 22, 2017, 03:22 PM
SubPrime Auto Finance News Staff
Auto Financial Group (AFG), one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, recently announced first-quarter growth figures, revealing increasing momentum in new customer signings. Since January, AFG reported that it has signed ... [Read More]
5 tips to verify candidate’s competency
Monday, May. 22, 2017, 03:15 PM
SubPrime Auto Finance News Staff
Automotive Personnel chief executive officer Don Jasensky acknowledged one of the most difficult challenges during the candidate-evaluation process is to determine whether the individual seeking the position at your firm actually can handle all of the demands and responsibilities asked ... [Read More]
Floyd’s post-retirement activity continues by joining DIMONT board
Monday, May. 22, 2017, 03:08 PM
SubPrime Auto Finance News Staff
Since retiring for the second time from Exeter Finance, Mark Floyd certainly doesn’t appear to be reducing his industry involvement much. DIMONT, one of the largest providers of insurance claims adjusting and collateral loss mitigation services to the residential mortgage ... [Read More]
Maintaining auto payment no longer top consumer priority
Monday, May. 22, 2017, 03:03 PM
SubPrime Auto Finance News Staff
TransUnion discovered that maintaining payments on that vehicle installment contract no longer is the top priority when the holder hits a rough financial patch and has to adjust to being short on monthly income. When faced with the choice of ... [Read More]