CFPB revisits ancillary product refunds in special edition of Supervisory Highlights
Thursday, Oct. 12, 2023, 11:33 AM
SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau (CFPB) released a special edition of its Supervisory Highlights this week. A portion focused on a topic that industry experts such as Allied Solutions cautioned finance companies about navigating carefully. The report delved into ancillary ... [Read More]
NAF Association adds executive retreat for 2024
Wednesday, Oct. 11, 2023, 11:20 AM
SubPrime Auto Finance News Staff
The National Automotive Finance Association plans to host two major industry events in 2024. Along with its Non-Prime Auto Financing Conference in June, the NAF Association announced details of second gathering. The organization said the 2024 Auto Finance C-Suite Retreat ... [Read More]
Details of new awards program from Open Lending
Wednesday, Oct. 11, 2023, 11:14 AM
SubPrime Auto Finance News Staff
Following up from its recent Executive Lending Roundtable, Open Lending announced the launch of what the provider of contract analytics, risk-based pricing, risk modeling and default insurance called the Open Lending Economic Vehicle Accessibility Awards (EVAAs). The company said this ... [Read More]
Even with slight improvement in September, auto credit availability remains tight
Tuesday, Oct. 10, 2023, 10:38 AM
SubPrime Auto Finance News Staff
The Dealertrack Credit Availability Index for September showed some slight improvement, as Cox Automotive reported on Tuesday that credit access was made more accessible. But compared to this time last year or before the pandemic, it’s still a challenge in ... [Read More]
StoneEagle reveals CTO transition
Monday, Oct. 9, 2023, 11:25 AM
SubPrime Auto Finance News Staff
Last week, StoneEagle announced the transition of its chief technology officer, as Gary Peek will take on the role from Chris Tynes, who has been with the provider of F&I and service metrics reporting, menu sales tools, an F&I product ... [Read More]
Dealer eProcess to host webinar about 5 ways to leverage credit prequalification
Friday, Oct. 6, 2023, 10:27 AM
SubPrime Auto Finance News Staff
Dealer eProcess said that understanding how to leverage credit prequalification is crucial for maximizing your dealership’s success. So the comprehensive website and digital marketing solution recruited CreditMiner vice president of strategic partnerships Ken Luna to host an education webinar about ... [Read More]
FTC joins CFPB in seeking reversal of appeals court decision involving FCRA
Thursday, Oct. 5, 2023, 09:53 AM
SubPrime Auto Finance News Staff
Last week, the Federal Trade Commission joined the Consumer Financial Protection Bureau in filing an amicus brief in the U.S. Court of Appeals for the Second Circuit. The agencies urging reversal of a district court decision that said they say ... [Read More]
ARA now accepting nominations for 9 industry awards
Wednesday, Oct. 4, 2023, 12:30 PM
SubPrime Auto Finance News Staff
The American Recovery Association is deep into its planning for the 2024 North American Repossessors Summit, which is scheduled for April 11-12 in Orlando, Fla. Through Halloween, ARA is accepting nominations for nine awards that will be given during NARS. ... [Read More]
Lucas Oil & Dealer Advantage Group roll out 2 F&I programs
Wednesday, Oct. 4, 2023, 12:27 PM
SubPrime Auto Finance News Staff
This week, Lucas Oil announced a new partnership with Dealer Advantage Group to offer two new exclusive Lucas Oil-branded F&I programs to dealerships. The company highlighted Lucas Oil Paint & Interior Program and Lucas Oil Engine for Life Program, available ... [Read More]
PODCAST: Open Lending chief revenue officer Matt Roe on opportunities in the non-prime space
Wednesday, Oct. 4, 2023, 12:26 PM
SubPrime Auto Finance News Staff
As the company hosted its Executive Lending Roundtable last week in Austin, Texas, Open Lending chief revenue officer Matt Roe took some time to have a conversation for this episode of the Auto Remarketing Podcast. Roe recapped two of the ... [Read More]