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Western Funding unveils dealer award program geared toward older vehicles
Friday, Feb. 26, 2016, 05:09 PM
SubPrime Auto Finance News Staff
Western Funding launched a compliment to its successful Triple Pay Program this week; an initiative dubbed the “10-10-10 Program.” As an extension of the Triple Pay program, the subprime auto finance company explained its “10-10-10 Program” allows dealers to fill ... [Read More]
January auto default rate stays flat
Wednesday, Feb. 24, 2016, 05:06 PM
SubPrime Auto Finance News Staff
In light of the economy developing what analysts called a “split personality,” the S&P/Experian Consumer Credit Default Indices showed the auto loan rate for January remained stable on a sequential comparison. According to S&P Dow Jones Indices and Experian, the ... [Read More]
CUNA Mutual Group invests in SpringboardAuto.com
Wednesday, Feb. 24, 2016, 05:05 PM
SubPrime Auto Finance News Staff
This week, CUNA Mutual Group announced it is investing in a new direct-to-consumer lending platform SpringboardAuto.com. Officials indicated the relationship means this new technology solution can provide a direct online auto loan platform so credit unions can lend to members ... [Read More]
TCI names new director of sales
Wednesday, Feb. 24, 2016, 05:04 PM
SubPrime Auto Finance News Staff
Teledata Communications (TCI), a provider of cloud-based loan origination solutions, hired Mark Gleason this week as director of sales for the consumer finance industry. In this capacity, TCI highlighted that Gleason will oversee the company’s sales activities in this expanding ... [Read More]
Cordray reiterates issues with arbitration agreements
Monday, Feb. 22, 2016, 05:52 PM
Nick Zulovich, Editor
Back just before Thanksgiving, the Consumer Financial Protection Bureau made a special page on its website where individuals could submit complaints about the auto financing process while the agency reiterated its warnings about signing arbitration agreements, cautioning consumers how they ... [Read More]
AUL promotes Smith to additional leadership position
Monday, Feb. 22, 2016, 05:48 PM
SubPrime Auto Finance News Staff
Vehicle service contract provider AUL Corp. recently promoted Scott Smith to lead the operations department in addition to his role as the service support manager. Smith joined AUL nine years ago as a customer service representative and then was appointed ... [Read More]
AssurancePlus now integrated with F&I Express
Monday, Feb. 22, 2016, 05:47 PM
SubPrime Auto Finance News Staff
F&I Express recently welcomed AssurancePlus to its growing network of aftermarket F&I providers. Officials highlighted that the addition of AssurancePlus to F&I Express will allow dealers the ability to eRate, eContract and eRegister all of AssurancePlus’ services and products. “By ... [Read More]
Execs share 3 common challenges during DRN roundtable
Friday, Feb. 19, 2016, 04:16 PM
SubPrime Auto Finance News Staff
When Digital Recognition Network hosted its second annual DRN Lender Roundtable early last month, 20 top executives from some of the largest auto finance companies shared three similar challenges their facing nowadays. According to DRN’s recap of its event, these ... [Read More]
Fleet Financial highlights new branding & more
Friday, Feb. 19, 2016, 04:11 PM
SubPrime Auto Finance News Staff
About a year and a half after the company lost its founder, who died in a cycling accident, Fleet Financial has now reemerged with what company leadership hailed as a new look, feel and brand. Fleet Financial, a national finance ... [Read More]
NAF Association hosting first module of compliance program in April
Friday, Feb. 19, 2016, 04:09 PM
SubPrime Auto Finance News Staff
The National Automotive Finance Association is again hosting the opening module of its Consumer Credit Compliance Certification Program; the ongoing training endeavor to help finance companies and other stakeholders in the industry tackle the increasingly difficult challenge of complying with ... [Read More]