Davis+Gilbert achieves Mansfield Certification Plus
Wednesday, Aug. 9, 2023, 12:08 PM
SubPrime Auto Finance News Staff
Davis+Gilbert announced that the law firm has achieved Mansfield Certification Plus status as part of its ongoing commitment to diversity, equity and inclusion (DEI). The firm highlighted its Certification Plus status indicates that, in addition to meeting the consideration and ... [Read More]
KBB: July marks smallest uptick in new-model retail prices in 10 years
Wednesday, Aug. 9, 2023, 12:05 PM
SubPrime Auto Finance News Staff
New vehicles might still be out of reach for many customers who land in the subprime credit tier. But the latest data from Kelley Blue Book showed that perhaps the prospects for putting a subprime consumer into a new model ... [Read More]
3 executive moves at EFG Companies
Tuesday, Aug. 8, 2023, 11:58 AM
SubPrime Auto Finance News Staff
After recently highlighting an employee survey about its positive workplace, EFG Companies expanded its leadership team on Tuesday, reflecting growth opportunities in powersports, dealership training, and profit participation programs. Among the three executive moves, EFG said Adam Ouart has been ... [Read More]
APCO Holdings recaps finalizations of 4 acquisitions
Monday, Aug. 7, 2023, 11:33 AM
SubPrime Auto Finance News Staff
It’s been a busy year on the acquisition front for APCO Holdings. On Monday, the provider and administrator of automotive F&I products and home to the EasyCare, National Auto Care, GWC Warranty and MemberCare brands recapped that it has completed ... [Read More]
TransUnion cautious about potential ‘payment shock’ when student loan payments restart
Monday, Aug. 7, 2023, 11:13 AM
SubPrime Auto Finance News Staff
A portion of the contract holders in your outstanding auto finance portfolio might be facing an additional major payment obligation next month when forbearance for federal student loans expires. And TransUnion reported 36% of consumers already holding student loan debt ... [Read More]
F&I Sentinel hires Hendriks as director of product strategy
Friday, Aug. 4, 2023, 10:21 AM
SubPrime Auto Finance News Staff
The newest hire by F&I Sentinel brings with him more than 30 years of professional experience in numerous roles at organizations including Flagship Credit, Wells Fargo, Fiserv, Sagent Lending and defi SOLUTIONS. This week, the compliance and regulatory risk mitigation ... [Read More]
CFPB notices violations involving collections & interest paid
Wednesday, Aug. 2, 2023, 11:42 AM
SubPrime Auto Finance News Staff
Along with recapping the regulator’s notable activities associated with auto financing, the latest Supervisory Highlights report from the Consumer Financial Protection Bureau (CFPB) also touched on debt collection. The CFPB reiterated that it has supervisory authority to examine certain institutions ... [Read More]
Latest CFPB Supervisory Highlights reveals close look at auto finance
Wednesday, Aug. 2, 2023, 11:41 AM
SubPrime Auto Finance News Staff
Last week, the Consumer Financial Protection Bureau (CFPB) released its latest Supervisory Highlights report. Officials said they found unfair, deceptive, and abusive acts or practices across many consumer financial products, including auto financing. When getting into specific findings, the CFPB ... [Read More]
SAFCO reveals CFO transition, tapping former GLS & Exeter executive
Tuesday, Aug. 1, 2023, 09:38 AM
SubPrime Auto Finance News Staff
Southern Auto Finance Co. (SAFCO) has a new chief financial officer. On Monday, the finance company announced the transition of Jason Person becoming SAFCO’s new CFO. Person succeeds Gary Stein, who is retiring after 22 years at SAFCO. According to ... [Read More]
ComplyAuto rolls out encryption tool for dealers collecting NPI
Monday, Jul. 31, 2023, 11:46 AM
SubPrime Auto Finance News Staff
Saying “just text it to me,” might be OK when asking for something harmless from a friend or family member. But asking potential vehicle buyers to send non-public information (NPI) over text messages, emails and other insecure methods to dealership ... [Read More]