Experts project potential impact in auto after Fed’s 50-basis-point rate cut
Thursday, Sep. 19, 2024, 10:24 AM
ARA reveals new executive director & director of commercial operations
Wednesday, Sep. 18, 2024, 02:08 PM
SAFCO makes another move, hiring new SVP of account services
Wednesday, Sep. 18, 2024, 10:58 AM
8 characteristics ARA wants in new executive director
Tuesday, Jun. 6, 2023, 06:15 PM
SubPrime Auto Finance News Staff
The American Recovery Association is seeking a new executive director. According to an industry message the organization sent last week, ARA highlighted eight characteristics it is looking for among potential candidates, including: —A self-starter with the ability to work independently ... [Read More]
Cox Automotive examines how current labor market could influence next interest-rate decision
Tuesday, Jun. 6, 2023, 10:55 AM
SubPrime Auto Finance News Staff
The next opportunity for the Federal Reserve to modify interest rates arrives next Wednesday. Cox Automotive chief economist Jonathan Smoke recapped some of the most important information policymakers likely might consider when deciding whether or not to lift rates again, ... [Read More]
StoneEagle acquires Pencilwrench to smooth OEM warranty claims & more
Monday, Jun. 5, 2023, 12:00 PM
SubPrime Auto Finance News Staff
StoneEagle grew its operation on Monday. The orchestrator of administration systems for F&I product providers as well as metrics and menus solutions for dealers nationwide, announced the acquisition of Pencilwrench, whose technology can help technicians and service advisors write accurate, ... [Read More]
6 agencies form Acrisure Protection Group
Monday, Jun. 5, 2023, 11:36 AM
SubPrime Auto Finance News Staff
Late last week, Acrisure, which combines people and high tech to deliver an array of products including insurance, reinsurance and cyberservices, announced the formation of the Acrisure Protection Group. The group is designed to be a full-service finance and insurance ... [Read More]
Experian: Stronger credit consumers opting for shorter terms
Thursday, Jun. 1, 2023, 11:42 AM
SubPrime Auto Finance News Staff
It’s not uncommon for consumers with softer credit scores to seek the longest contract terms possible to get a manageable monthly payment. Conversely, Experian is seeing consumers with strong credit scores ask for shorter terms to offset rising interest rates. ... [Read More]
FTC acknowledges regulatory petition involving spot deliveries
Wednesday, May. 31, 2023, 12:00 PM
SubPrime Auto Finance News Staff
Spot deliveries now are back on the radar of federal regulators. The Federal Trade Commission acknowledged on Wednesday and began the request for comment process involving a petition it again received from six consumer advocates to create regulation involving what ... [Read More]
CFPB hands OneMain $20M penalty involving personal loan business
Wednesday, May. 31, 2023, 11:58 AM
SubPrime Auto Finance News Staff
OneMain Financial is being penalized by the Consumer Financial Protection Bureau (CFPB) for its infractions the regulator found associated with its personal loan business. The CFPB announced on Wednesday that OneMain — which also has a notable subprime auto finance ... [Read More]
Protective Asset Protection rolls out training schedule for remainder of 2023
Thursday, May. 25, 2023, 03:03 PM
SubPrime Auto Finance News Staff
Protective Asset Protection recently expanded its F&I professional development program for dealers, with added in-person and online curriculum and an additional new team member for its training team. Protective’s training team created an advanced class for F&I Skills. As the ... [Read More]
Mandatory ELT processing gaining momentum
Thursday, May. 25, 2023, 11:45 AM
SubPrime Auto Finance News Staff
Cox Automotive senior director of government affairs Sarah Hunsicker gave both historical background and forward-looking perspectives about electronic lien and title (ELT) processing, which is now mandatory in 13 states. Hunsicker recapped in a company podcast with Deshaun Sheppard, a ... [Read More]
NAF Association emerges strong after nearly 3 years of change
Wednesday, May. 24, 2023, 09:04 AM
Nick Zulovich, Senior Editor
The National Automotive Finance Association began to navigate challenges triggered by COVID-19 like literally the rest of the world in March 2020. Then, matters became tremendously more complicated 15 months later when the only executive director the NAF Association ever ... [Read More]