USED CAR WEEK 2023 PODCAST: State of Auto Financing
Thursday, Dec. 7, 2023, 10:39 AM
SubPrime Auto Finance News Staff
We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. The episode focuses on the State of Auto Financing with a conversation featuring Doug Busk of Credit Acceptance, Andre ... [Read More]
TransUnion & Datos Insights examine communications & other elements influencing third-party collections
Wednesday, Dec. 6, 2023, 12:13 PM
SubPrime Auto Finance News Staff
TransUnion and Datos Insights took an extensive look into third-party collections on all fronts, uncovering the depth professionals are trying to communicate with debtors nowadays. Researchers found nearly all third-party collections companies (98%) use letters to reach consumers. However, TransUnion ... [Read More]
700Credit completes integration with Revvable to provide credit, compliance & prescreen solutions
Wednesday, Dec. 6, 2023, 12:08 PM
SubPrime Auto Finance News Staff
This week, 700Credit finalized its sixth industry relationship of the year to help dealerships and finance companies. The newest one involves the provider of credit reports, compliance solutions, soft pull, ID verification and fraud detection products working with Revvable, which ... [Read More]
Open Lending claims 2023 NAFCU Innovation Award
Wednesday, Dec. 6, 2023, 12:07 PM
SubPrime Auto Finance News Staff
Open Lending has another reason to celebrate this holiday season. The enablement and risk analytics solutions provider for financial institutions announced this week that it has been selected as a winner of the 2023 NAFCU Innovation Award for its enhanced ... [Read More]
FTC defends responsiveness to Congressional inquiries
Tuesday, Dec. 5, 2023, 11:30 AM
SubPrime Auto Finance News Staff
Last week, Jeanne Bumpus, director of the office of Congressional relations at the Federal Trade Commission, testified before the House Judiciary Subcommittee on Responsiveness and Accountability to Oversight. Bumpus told lawmakers the FTC “has established its clear responsiveness” to House ... [Read More]
PODCAST: More title talk with Cox Automotive’s Deshaun Sheppard
Friday, Dec. 1, 2023, 12:08 PM
SubPrime Auto Finance News Staff
On the eve of this year’s Used Car Week, the “Excellence of Titling Execution,” Deshaun Sheppard of Cox Automotive, made another visit for the Auto Remarketing Podcast. Sheppard described the ongoing evolution of electronic titling of vehicles and how Cox ... [Read More]
Experian sees affordability improve slightly in Q3
Friday, Dec. 1, 2023, 10:58 AM
SubPrime Auto Finance News Staff
Perhaps the affordability hurdle that’s been a challenge throughout the year for dealerships and finance companies to get deals done with consumers is starting to fade. According to Experian’s State of the Automotive Finance Market Report that contained third quarter ... [Read More]
OneMain makes ‘tuck-in acquisition’ of Foursight
Friday, Dec. 1, 2023, 10:53 AM
SubPrime Auto Finance News Staff
As the industry was getting set to celebrate Thanksgiving last week, OneMain Holdings and Jefferies Financial Group reached a definitive agreement under which OneMain will acquire Foursight Capital from Jefferies for $115 million in cash. OneMain chairman and CEO Doug ... [Read More]
COMMENTARY: Redefining auto finance & navigating the F&I compliance landscape
Thursday, Nov. 30, 2023, 10:25 AM
Stephen McDaniel, F&I Sentinel
In an era where over 100 million Americans are tethered to car loans that total some $1.6 trillion in debt, the spotlight on the auto finance industry has intensified. This is not just about numbers, it’s about the responsibility that ... [Read More]
PODCAST: Sharpening fee structures with Weltman, Weinberg & Reis
Wednesday, Nov. 29, 2023, 01:46 PM
SubPrime Auto Finance News Staff
Shareholder Amy Clum Holbrook and attorney Stefanie Collier with Weltman, Weinberg & Reis — both whom have been among Women in Auto Finance honorees the past two years — utilized part of their time at Used Car Week for this ... [Read More]