3 new executives reinforce management as Veros Credit eyes more market share
Monday, Oct. 14, 2024, 10:36 AM
Open Lending partners with Point Predictive to boost underwriting in non-prime space
Monday, Oct. 14, 2024, 10:35 AM
Onbe releases survey about refund processes amid CFPB examinations
Thursday, Oct. 10, 2024, 11:11 AM
Appeals court grants rehearing, vacates decision that questioned CFPB’s constitutionality
Thursday, Feb. 16, 2017, 08:20 PM
SubPrime Auto Finance News Staff
As reported by other media outlets as well as the American Financial Services Association and Hudson Cook, the U.S. Court of Appeals for the District of Columbia Circuit on Thursday granted the rehearing petition involving the case in which the ... [Read More]
Considering personal loan involvement in vehicle delivery
Thursday, Feb. 16, 2017, 04:49 PM
Nick Zulovich, Senior Editor
The latest TransUnion Industry Insights Report found that 80 million consumers held a vehicle lease or retail installment contract as of the close of 2016. Analysts determined the figure marked the highest level TransUnion has observed since at least the ... [Read More]
GM Financial reinforcing AmeriCredit channel paying ‘dividends’
Wednesday, Feb. 15, 2017, 03:17 PM
Nick Zulovich, Senior Editor
About a year ago, GM Financial restructured internal management to strengthen its AmeriCredit division — the original piece General Motors acquired almost seven years ago. Since that point, GM Financial has since become the captive for the parent automaker. However, ... [Read More]
Successes for Enterprise Car Sales & AFG in credit union space
Wednesday, Feb. 15, 2017, 03:13 PM
SubPrime Auto Finance News Staff
Both Enterprise Car Sales and Auto Financial Group (AFG) recently highlighted how much success they’re having with credit unions. Enterprise Car Sales said it generated a record $575 million in financing volume to more than 31,000 credit union members during ... [Read More]
What the heart is saying about finances
Monday, Feb. 13, 2017, 09:45 PM
SubPrime Auto Finance News Staff
With Valentine’s Day here, research showed individuals who might be married or in an exclusive relationship and perhaps sending applications to your finance company or walking into your dealership showroom, aren’t together just because of physical attraction or engaging conversation. ... [Read More]
4 elements of auto finance in ‘new digital ecosystem’
Monday, Feb. 13, 2017, 03:53 PM
SubPrime Auto Finance News Staff
Automotive and asset finance software solutions provider White Clarke Group recently released its latest publication titled, “Global Technology Report 2017: Auto Finance in the New Digital Ecosystem.” The company highlighted the report, and accompanying summary video that can be viewed ... [Read More]
Exeter appoints veteran exec to be CFO
Monday, Feb. 13, 2017, 03:48 PM
SubPrime Auto Finance News Staff
Specialty auto finance company Exeter Finance Corp. announced on Monday that it appointed company veteran Brad Nall to be chief financial officer in a move that was effective Feb. 1. Nall joined Exeter in July 2012 and has more than ... [Read More]
Personnel moves by GWC Warranty & Carleton
Friday, Feb. 10, 2017, 03:45 PM
SubPrime Auto Finance News Staff
GWC Warranty — a provider of used-vehicle service contracts and related finance and insurance products sold through dealers — and Carleton, a provider of compliant financing calculation and digital document software solutions, each made personnel moves this week. At GWC Warranty, ... [Read More]
Borrowers perhaps not fully prepared for financing, but diligent with payment
Thursday, Feb. 9, 2017, 08:03 PM
Joe Overby, Staff Writer
Consumers are relying more on retail installment contracts and leases to acquire cars than they were eight years ago, yet many might not be as prepared as they should be going into the purchase. However, the silver lining is that ... [Read More]
Credit Acceptance keeps income rising despite headwinds
Thursday, Feb. 9, 2017, 04:30 PM
Nick Zulovich, Senior Editor
Credit Acceptance Corp. posted year-over-year income increases even as company leadership acknowledged the difficulty in keeping originations coming through its dealer network as well as intensifying regulatory demands. This past Friday, a few days after sharing its fourth-quarter and full-year ... [Read More]