Experts project potential impact in auto after Fed’s 50-basis-point rate cut
Thursday, Sep. 19, 2024, 10:24 AM
ARA reveals new executive director & director of commercial operations
Wednesday, Sep. 18, 2024, 02:08 PM
SAFCO makes another move, hiring new SVP of account services
Wednesday, Sep. 18, 2024, 10:58 AM
What consumers think about auto financing as next potential interest rate move nears
Tuesday, Oct. 31, 2023, 10:33 AM
SubPrime Auto Finance News Staff
As the Federal Reserve approaches its next opportunity to modify interest rates on Wednesday, findings from a new survey orchestrated by Santander Holdings USA perhaps reinforced perceptions already held by auto finance leaders. Santander reported on Monday that American consumers ... [Read More]
FTC amends Safeguards Rule pertaining to data breach reporting
Monday, Oct. 30, 2023, 11:49 AM
SubPrime Auto Finance News Staff
Dealerships, finance companies and other service providers connected to automotive had to begin compliance with the Safeguards Rule in June. On Friday, the Federal Trade Commission approved an amendment to it, instructing non-banking institutions to report certain data breaches and ... [Read More]
DRN & Relentless Recovery reach settlement agreement
Monday, Oct. 30, 2023, 11:48 AM
SubPrime Auto Finance News Staff
According to a news release and statement sent to SubPrime Auto Finance News, Relentless Recovery, one of the largest collateral recovery and remarketing companies servicing Ohio, entered into a settlement agreement with Digital Recognition Network (DRN), which is a subsidiary ... [Read More]
Experian to expand global fraud alliance into US
Friday, Oct. 27, 2023, 10:51 AM
SubPrime Auto Finance News Staff
Experian this week rolled out its latest effort to curb fraudulent applications amid rising vehicle prices and the automotive industry relying more heavily on digital retailing. The company introduced the Hunter Automotive Fraud Alliance, which Experian described as a collaborative ... [Read More]
PODCAST: Another visit with Paul McCarthy of Protective Asset Protection
Wednesday, Oct. 25, 2023, 03:16 PM
SubPrime Auto Finance News Staff
Paul McCarthy, vice president of sales, key accounts, at Protective Asset Protection, made another appearance on the Auto Remarketing Podcast for a conversation about dealerships and their F&I activities. McCarthy recapped Protective’s latest dealer survey and how F&I professionals are ... [Read More]
FTC & Wisconsin AG penalize dealer over F&I activities
Wednesday, Oct. 25, 2023, 11:09 AM
SubPrime Auto Finance News Staff
A Wisconsin auto dealer group is now sustaining the consequences of what authorities deemed to be discriminatory F&I activities. The Federal Trade Commission and the Wisconsin attorney general said on Tuesday they are taking action against Rhinelander Auto Center, its ... [Read More]
700Credit integrates with AutoRaptor for driver’s license authentication
Wednesday, Oct. 25, 2023, 11:07 AM
SubPrime Auto Finance News Staff
On Tuesday, 700Credit announced an integration alliance with AutoRaptor to help dealers get their buying customers through the financing process. With this enhanced alliance, AutoRaptor has integrated the 700Credit driver’s license authentication platform, QuickScan, into its CRM to provide a ... [Read More]
How auto finance companies are likely to handle ‘further deterioration’
Tuesday, Oct. 24, 2023, 10:27 AM
SubPrime Auto Finance News Staff
While also looking closer at the subprime segment as well as credit unions, S&P Global Ratings acknowledged five primary ingredients likely will create “further deterioration” of outstanding auto finance portfolios. However, firm experts see banks, captives and other providers being ... [Read More]
Intellaegis taps former CoreLogic exec to be managing director of partnerships
Monday, Oct. 23, 2023, 11:17 AM
SubPrime Auto Finance News Staff
Intellaegis announced last week that Walter Allen has joined the SaaS technology company as managing director of partnerships, already showing to be pivotal in cultivating and developing new business opportunities within the financial services and public sector industries. The company ... [Read More]
Socure details depth of first-party fraud
Monday, Oct. 23, 2023, 11:17 AM
SubPrime Auto Finance News Staff
Dealerships and finance companies likely are quite aware of fraud committed by organized individuals and rings of experts who steal credit information to create synthetic IDs. But new research from Socure highlighted the depth of first-party fraud being done by ... [Read More]