The Consumer Financial Protection Bureau said on Wednesday that Security National Automotive Acceptance Company (SNAAC) violated a consent order from 2015, demanding that the finance company make good on the redress it owes to consumers and pay an additional $1.25 ... [Read More]

F&I Express insisted the F&I product cancellation process currently lacks standardization, automation, transparency and efficiency. F&I Express continued by stating these challenges not only have a negative impact on the day-to-day operations of a product provider or finance company, but ... [Read More]

Hudson Cook associate Anastasia Caton observed last week’s oral arguments during a crucial debt collection case in front of the Supreme Court that might make third-party efforts within auto finance significantly more difficult depending which way the nine justices rule. ... [Read More]

The National Automotive Finance Association is organizing the 21st annual Non-­Prime Auto Financing Conference with the same mandate organization leadership has held for more than two decades. “This is the industry event where all the non-­prime auto financing company executives ... [Read More]

Consumer Portfolio Services chairman and chief executive officer Brad Bradley likes the position where the subprime auto finance company sits after the first quarter. And it’s not just because CPS posted its 23rd consecutive quarter of positive earnings. Bradley pointed ... [Read More]

Space Coast Credit Union recently honored six local dealers with its Watchdog Dealer of the Year Award, recognizing the superior service they provided to SCCU members in 2016. Officials highlighted the award — which has been presented annually to local ... [Read More]

A quartet of auto finance technology firms collaborated this week on a pair of relationships aimed at enhancing both originations and payments. First, Payix and Nortridge Software announced they formed a strategic alliance to help finance companies connect with their ... [Read More]

Financial advising firm UBS used the grim illustration of the “canary in the coalmine” at the beginning of a report it released this week involving the subprime auto finance space. To recap, that illustration stems from miners using caged canaries ... [Read More]

A recent Equifax survey indicated most consumers who participated do not place themselves at the head of the class when it comes to financial literacy. Auto finance companies such as General Motors Financial are putting initiatives in motion to coincide ... [Read More]

PointPredictive recently announced the general availability of an enhanced version of DealerTrace, a comprehensive consortium-based analytic solution designed to provide auto finance companies with a dealer-level, holistic view of fraud and early payment default risk.  The firm explained this solution ... [Read More]