362 Points Included Hudson Cook’s Updated F&I Reference Book
Monday, Oct. 27, 2014, 03:21 PM
SubPrime Auto Finance News Staff
Tom Hudson, Michael Benoit and their partners at Hudson Cook recently updated the law firm’s popular reference book, CARLAW. Winner of the Axiom Business Book Award, the book gives readers 362 things to know about dealer finance laws and regulations. ... [Read More]
AFSA Reveals Keynote Speaker for Vehicle Finance Conference
Monday, Oct. 27, 2014, 03:19 PM
SubPrime Auto Finance News Staff
The American Financial Services Association recently announced who will be the keynote speaker for the 19th annual Vehicle Finance Conference & Exposition. Tapped for the opportunity during the event that begins on Jan. 20 in San Francisco is Robin Chase, ... [Read More]
84% Surveyed Say Cyber-Security Is Principal Concern
Monday, Oct. 27, 2014, 03:15 PM
SubPrime Auto Finance News Staff
As more vehicle installment contracts and payments are being handled electronically, cyber-security now ranks as the principal concern of the financial services industry, according to results of a new survey recently released by the Depository Trust & Clearing Corporation (DTCC). ... [Read More]
NAF Association Schedules Next Opener to Consumer Credit Compliance Certification Program
Friday, Oct. 24, 2014, 03:50 PM
SubPrime Auto Finance News Staff
While the first cohort will be completing the training at the same location as next month’s Used Car Week, the National Automotive Finance Association is now beginning enrollment for its next group of professionals who are looking to complete the ... [Read More]
EFG Companies Receives BenchmarkPortal Certification
Friday, Oct. 24, 2014, 03:49 PM
SubPrime Auto Finance News Staff
EFG Companies claimed earlier this week that it is the only F&I product provider to be certified as a Center of Excellence by BenchmarkPortal. The Center of Excellence recognition is one of the most prestigious awards in the customer service ... [Read More]
S&P/Experian: Auto Loan Defaults Tick Up Marginally in September
Friday, Oct. 24, 2014, 03:46 PM
SubPrime Auto Finance News Staff
The auto loan default rate reading that’s part of the S&P/Experian Consumer Credit Default Indices climbed in September, marking the fourth time in the past five months it has ticked up slightly on a sequential basis. But analysts also pointed ... [Read More]
CFPB Finalizes New Privacy Disclosure Rule
Wednesday, Oct. 22, 2014, 03:12 PM
SubPrime Auto Finance News Staff
This week, the Consumer Financial Protection Bureau finalized a rule to promote more effective privacy disclosures from financial institutions to their customers. The new rule, which was proposed in May, allows companies that limit their consumer data-sharing and meet other ... [Read More]
7 New Features of Spireon’s Revamped Tracking Platform
Wednesday, Oct. 22, 2014, 02:50 PM
SubPrime Auto Finance News Staff
Spireon introduced a revamped version of its collateral management platform to help vehicle finance companies on Wednesday. What the company dubbed GoldStar CMS is being billed as a revolutionary new tool geared to reduce the time and costs related to ... [Read More]
Floyd to Step Down as Exeter CEO
Wednesday, Oct. 22, 2014, 01:12 PM
SubPrime Auto Finance News Staff
Exeter Finance Corp. announced late Tuesday that chief executive officer Mark Floyd is stepping down from his role effective Nov. 3. While continuing to serve on the finance company’s board of directors to ensure a smooth transition, Floyd will turn ... [Read More]
AFSA Publishes White Paper on UDAAP Enforcement Authority
Monday, Oct. 20, 2014, 03:43 PM
SubPrime Auto Finance News Staff
The State Government Affairs Committee of the American Financial Services Association recently published a white paper detailing how state regulators and attorneys general are beginning to use their new regulatory powers to bring actions against persons allegedly engaged in unfair, ... [Read More]