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
Westlake leverages technology 2 ways to boost business
Wednesday, Mar. 1, 2017, 04:27 PM
SubPrime Auto Finance News Staff
Westlake Financial Services is looking to use a pair of technology advancements in an effort to drum up more business for the finance company that specializes in subprime retail installment contracts. First this week, Westlake launched an online indirect auto ... [Read More]
OnlineBKmanager.com celebrating 20th year in lead business
Wednesday, Mar. 1, 2017, 04:25 PM
SubPrime Auto Finance News Staff
Bankruptcy lead provider OnlineBKmanager.com is celebrating 20 years of servicing dealerships with marketing material to dealerships who want to do business with individuals who either filed or had their bankruptcies discharged. “It is hard to believe it has been 20 ... [Read More]
Why contracts with potential Uber drivers contain extra risk
Tuesday, Feb. 28, 2017, 03:39 PM
Nick Zulovich, Senior Editor
Perhaps it’s not yet a significant risk threat to the overall health of auto finance company portfolios, but Experian Automotive’s Melinda Zabritski explained the possible problems if your customers are using the vehicle attached to the installment contract to drive ... [Read More]
3 components of Trump demands for regulator task forces
Friday, Feb. 24, 2017, 09:10 PM
SubPrime Auto Finance News Staff
President Trump took aim again at government regulation with the executive order he signed on Friday. The latest action is requiring every agency to establish a regulatory reform task force “to eliminate red tape,” according to the White House. The ... [Read More]
Executive moves at National Auto Care & RoadVantage
Friday, Feb. 24, 2017, 03:05 PM
SubPrime Auto Finance News Staff
National Auto Care and RoadVantage each announced this week that executives with nearly 45 years of combined experience joined their management team. National Auto Care, an administrator of vehicle service contracts and ancillary products including the CarMark Certified Pre-Owned Program, ... [Read More]
defi SOLUTIONS unveils new loan management system
Friday, Feb. 24, 2017, 03:03 PM
SubPrime Auto Finance News Staff
This week, defi SOLUTIONS rolled out its newest product offering defi SERVICING, a loan management and servicing system (LMS) along with an opportunity for auto finance companies to shape their roadmap for 2017. The company highlighted the defi SERVICING LMS ... [Read More]
2 experts examine CFPB appeals court matter
Thursday, Feb. 23, 2017, 04:50 PM
Nick Zulovich, Senior Editor
Two legal experts told SubPrime Auto Finance News that they were not surprised when the U.S. Court of Appeals for the District of Columbia Circuit last week granted a rehearing request for a case involving the Consumer Financial Protection Bureau. ... [Read More]
EFG leverages industry veteran & technology to launch new dealer compliance training series
Wednesday, Feb. 22, 2017, 04:14 PM
Nick Zulovich, Senior Editor
Steve Roennau’s automotive career includes time as a training consultant for nearly a half dozen OEMs — Chrysler, General Motors, Ford, Mitsubishi and Hyundai. Roennau’s professional life also includes tenures in important roles at a dealership such as salesperson, used-car ... [Read More]
Top 20 cities with most & least auto finance debt
Wednesday, Feb. 22, 2017, 04:08 PM
SubPrime Auto Finance News Staff
WalletHub recently released a report highlighting the top 20 cities where consumers took on the largest amount of financing to acquire a vehicle and where they also absorbed the least, generating extreme debt-to-income ratios. In order to identify the cities with the ... [Read More]
January auto defaults stable as bank-card reading spikes
Tuesday, Feb. 21, 2017, 04:17 PM
SubPrime Auto Finance News Staff
While analysts looked to sooth concerns about the bank card default rate reaching a 42-month high, S&P Dow Jones Indices and Experian pointed out that auto finance defaults in January remained at a level typically seen during the opening month ... [Read More]