CFPB Assistant Director Coming to AFSA’s Vehicle Finance Conference
Monday, Jan. 6, 2014, 07:19 PM
SubPrime Auto Finance News Staff
A high-ranking official from the Consumer Financial Protection Bureau is among the speakers on tap to be a part of American Financial Services Association’s 18th annual Vehicle Finance Conference and Exposition set to begin on Jan. 22 at the Sheraton ... [Read More]
Subprime Financing Rise Helps Used Sales Close 2013 Strong
Monday, Jan. 6, 2014, 07:15 PM
SubPrime Auto Finance News Staff
The ability of subprime customers to obtain vehicle financing helped the used-vehicle industry finish the year on the upswing as December capped an overall great year for the pre-owned market and pushed the full-year sales total above 40 million units. ... [Read More]
Walsh: Honest Abe … a Car Guy?
Saturday, Nov. 30, 2013, 11:59 AM
Nick Zulovich
Editor's Note: Subprime Auto Finance News is publishing this column in recognition of Presidents Day, which was commemorated on Feb. 19. David Walsh also will be part of the 2007 Used Car Manager Spring Training Conference in April, where he will lead a ... [Read More]
Q3 Rise, TransUnion Calls Delinquencies ‘Manageable’
Wednesday, Nov. 27, 2013, 12:00 AM
Nick Zulovich
CHICAGO — While staying at what analysts are calling manageable levels, TransUnion reported jumps in the auto loan delinquency rate on both a quarterly and yearly basis. TransUnion indicated the ratio of borrowers 60 days or more delinquent on their ... [Read More]
NAC & Family First Dealer Services Complete Merger
Wednesday, Nov. 27, 2013, 12:00 AM
Nick Zulovich
WESTERVILLE, Ohio — National Auto Care Corp., an administrator of vehicle service contract programs, said this week its merger with Family First Dealer Services, a company whose core focus is on providing unique F&I product offerings, has been completed. As ... [Read More]
Del Mar Recovery Solutions Picks RISC Vendor Compliance Reporting
Wednesday, Nov. 27, 2013, 12:00 AM
Nick Zulovich
CARLSBAD, Calif. — Del Mar Recovery Solutions recently chose RISC Vendor Compliance Reporting (VCR) database management software to monitor and maintain its third-party vendor compliance. By choosing RISC VCR software, Del Mar Recovery Solutions explained that it now can efficiently ... [Read More]
AIADA Chair: Being Thankful
Wednesday, Nov. 27, 2013, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — With Thanksgiving a day away, I thought now might be an appropriate time to count my blessings. We auto dealers have so much to be thankful for. No. 1 and No. 2 on my list (bolded AND ... [Read More]
2 Early Processes Help Lenders Shine in J.D. Power Consumer Financing Satisfaction Study
Monday, Nov. 25, 2013, 12:00 AM
Nick Zulovich
WESTLAKE VILLAGE, Calif. — The J.D. Power 2013 U.S. Consumer Financing Satisfaction Study showed those initial steps in the F&I process determine which companies score high marks with consumers and which ones do not. According to the study released today, ... [Read More]
CUDL Partners with Utah-Based Subprime Lender, 9 Other Credit Unions
Monday, Nov. 25, 2013, 12:00 AM
Nick Zulovich
ONTARIO, Calif. — Along with an alliance with a Utah-based subprime finance company, CU Direct Corp. recently finalized new partnership agreements with nine credit unions. As a result of the agreements, officials highlighted the credit unions will be incorporating products ... [Read More]
NY Dealer Group Exec Gets Perfect Score on AFIP Exam
Monday, Nov. 25, 2013, 12:00 AM
Nick Zulovich
COLLEYVILLE, Texas — Michele Myers, vice president of financial services of the New York-based Dorschel Group, recently posted a perfect score on the rigorous 200-question Association of Finance & Insurance Professional Senior Certification Exam. In 23 years of administering the ... [Read More]