Five straight months of credit tightening for auto finance stops in September
Wednesday, Oct. 16, 2024, 10:36 AM
Team-first approach cultivated in the Marines propels Messiha to be Loss Mitigation Executive of the Year
Wednesday, Oct. 16, 2024, 01:39 PM
New York Fed & LegalShield notice more strain on consumer finances
Thursday, Oct. 17, 2024, 10:31 AM
SpringboardAuto.com adds 2 industry veterans to board
Monday, Jan. 25, 2016, 05:19 PM
SubPrime Auto Finance News Staff
SpringboardAuto.com, a new direct-to-consumer auto loan platform, added two executives to its board of directors who bring decades of experience from their time with Capital One and Ford Motor Credit. The company announced on Monday that its board now has ... [Read More]
FTC unveils educational material aimed at Latinos
Monday, Jan. 25, 2016, 05:16 PM
SubPrime Auto Finance News Staff
The Federal Trade Commission recently rolled out a new resource catering to Hispanics in an effort to curtail what the regulator believes are potential pitfalls in the vehicle purchasing and financing process. Officials highlighted their newest Spanish-language fotonovela — a ... [Read More]
What to expect from regulators in 2016
Friday, Jan. 22, 2016, 03:45 PM
Joe Overby, Staff Writer
There could be new curves for dealers to navigate this year on the regulatory road, a path that can sometimes wind and change course with little notice. Some of those twists in 2016, says Randy Henrick of Dealertrack Technologies, may ... [Read More]
How captives can respond to changing expectations
Friday, Jan. 22, 2016, 03:40 PM
SubPrime Auto Finance News Staff
The battle for captive auto finance business in the future will be won — or lost — in the world of digital real estate, according to Jonny Combe, general manager of product and channel development at BMW Group Financial Services. ... [Read More]
Primeritus acquires Roquemore to enhance skip-tracing
Thursday, Jan. 21, 2016, 06:34 PM
SubPrime Auto Finance News Staff
Primeritus Financial Services strengthened its recovery management, skip-tracing and remarketing services on Thursday by acquiring Dallas-based Roquemore, a provider of vehicle skip-tracing services to the credit union and collateral protection industries. Primeritus director Chuck Tapp explained why the company made ... [Read More]
House seeks stoppage of Ally settlement distribution
Wednesday, Jan. 20, 2016, 05:42 PM
SubPrime Auto Finance News Staff
The chairman of the U.S. House Financial Services Committee is urging Attorney General Loretta Lynch and other federal officials to stop distributing $80 million in settlement proceeds from the Consumer Financial Protection Bureau’s enforcement action against Ally Financial. A second ... [Read More]
7 updates to Dealertrack compliance guide
Wednesday, Jan. 20, 2016, 05:38 PM
SubPrime Auto Finance News Staff
Dealertrack Technologies said on Wednesday that the 2016 edition of the Dealertrack Compliance Guide is now available in print and online! For 11 years, Dealertrack has been the industry’s single best source of compliance guidance written for dealers and is ... [Read More]
National Credit Center acquires AimLogic
Wednesday, Jan. 20, 2016, 05:35 PM
SubPrime Auto Finance News Staff
National Credit Center (NCC), a provider of comprehensive solutions and credit data to thousands of dealers to improve the efficiencies surrounding the credit approval process, announced this week it has acquired Las Vegas-based technology firm AimLogic. Developer of the predictive ... [Read More]
Bankruptcies sink to lowest point since 2006
Monday, Jan. 18, 2016, 04:28 PM
SubPrime Auto Finance News Staff
It’s been nearly a decade since the industry witnessed this small of an amount of bankruptcy filings. But observers noticed economic conditions and other factors that could reverse the trend. The American Bankruptcy Institute highlighted that total bankruptcy filings totaled ... [Read More]
GWC Warranty remains among NIADA corporate partners
Monday, Jan. 18, 2016, 04:26 PM
SubPrime Auto Finance News Staff
GWC Warranty has once again been named a Bronze Level National Corporate Partner of the National Independent Automobile Dealers Association. NIADA’s National Corporate Partner program provides its members with an extensive, highly vetted roster of partners they can rely on ... [Read More]