F&I Express recently launched what’s being dubbed CompliPrice, a cloud-based tool aimed to help stores ensure profits on aftermarket insurance products are compliant with dealer and finance companies compliance policies, and potential guidelines from the Consumer Financial Protection Bureau. The ... [Read More]

Westlake Financial Services and Equifax now have more data to support their argument that subprime auto financing can benefit individuals with soft credit histories, rather than create a negative situation some regulators and consumer advocates might believe. Equifax recognized Westlake ... [Read More]

The Consumer Financial Protection Bureau celebrated its fourth birthday on Tuesday. Among the individuals on hand to cheer the occasion were the lawmakers who authored the Dodd-Frank Act, which created the CFPB. Instead of just cake and party hats, bureau ... [Read More]

FICO is offering finance companies strategy recommendations for those who fear that they’re reviewing too many applications for fraud, yet still finding fraudsters on the books. FICO also questioned whether finance companies have a clear definition of what is fraud and ... [Read More]

Leveraging the possibilities of alternative credit data to enhance the underwriting process percolated several times during industry events earlier this year. On Tuesday, FactorTrust responded to the inherent need for increased credit opportunities for non-prime consumers by rolling out a new ... [Read More]

Another executive who spent time in a leadership position at J.P. Morgan Chase now is holding an even higher post at Santander Consumer USA Holdings. Not long after the finance company elevated Jason Kulus to be SCUSA’s chief executive officer, ... [Read More]

On Monday, F&I program provider RoadVantage added three industry veterans who have decades of dealership experience to its sales team, as well as a trio of new regional offices. Joining the company leadership team is Dave Bouchat, who comes to ... [Read More]

TitleTec, a Solera company and provider of title and registration software for automotive dealers, joined with the National Independent Automobile Dealers Association as a national member benefit partner on Monday. Officials highlighted TitleTec’s partnership with NIADA will help streamline the ... [Read More]

Spireon chief marketing officer Shawn Hansen gave dealers and subprime finance companies what he called the “bottom line” about the potential benefits of the company acquiring Inilex. For operations that demand a GPS device be attached to a vehicle in ... [Read More]

Perhaps Sen. Richard Shelby, chairman of the Senate Banking Committee, asked the question dealers nationwide would like to pose to Richard Cordray, director of the Consumer Financial Protection Bureau. Shelby took the opportunity when the committee conducted a hearing this ... [Read More]