Foster’s 40-year career now includes being named Repossession Agent of the Year
Wednesday, Oct. 30, 2024, 01:15 PM
NAF Association touts success of Compliance Champions Workshop
Thursday, Oct. 31, 2024, 09:55 AM
New TransUnion research highlights broad interest in refinancing
Wednesday, Oct. 30, 2024, 10:44 AM
Sunbit fixed ops survey reinforces need for financing in service drive
Thursday, Jan. 19, 2023, 02:37 PM
SubPrime Auto Finance News Staff
Your customers’ need for financing might not just be prevalent in your dealership F&I office. The need could be significant in your service drive, too, based on a recently completed a survey of 1,100 fixed ops service professionals at more ... [Read More]
Portfolio elevates Childers to managing director, reveals new company logo
Wednesday, Jan. 18, 2023, 04:47 PM
SubPrime Auto Finance News Staff
Along with a new company branding, Portfolio announced the promotion of Cliff Childers to the position of managing director, effective immediately. The company highlighted the 21-year industry veteran leads a national sales team driving reinsurance and F&I success for auto, ... [Read More]
F&I Sentinel welcomes Zucco to leadership team
Wednesday, Jan. 18, 2023, 04:46 PM
SubPrime Auto Finance News Staff
According to a news release distributed this week, Scott Zucco joined F&I Sentinel as vice president of sales, in a move effective Jan. 3. The automotive compliance and regulatory risk mitigation solutions provider highlighted Zucco is “an accomplished sales professional ... [Read More]
ARA releases policy statement connected with FTC Safeguards Rule
Wednesday, Jan. 18, 2023, 04:43 PM
SubPrime Auto Finance News Staff
The American Recovery Association (ARA) recently released a policy statement associated with the revamped Safeguards Rule set to be implemented by the Federal Trade Commission in June. In connection with the mandate, ARA specifically believes recovery professionals should engage in ... [Read More]
Auto defaults finish 2022 with largest sequential rise in more than 5 years
Tuesday, Jan. 17, 2023, 03:59 PM
SubPrime Auto Finance News Staff
Auto defaults closed 2022 with the first double-digit rise in the default rate in more than five years. On Tuesday, S&P Dow Jones Indices and Experian released data through December for the S&P/Experian Consumer Credit Default Indices. The auto rate ... [Read More]
Westlake now servicing portfolios from Car Capital & Nicholas
Monday, Jan. 16, 2023, 03:50 PM
SubPrime Auto Finance News Staff
Westlake Portfolio Management grew its servicing department by reaching agreements with two companies that specialize in the subprime auto space. Last week, Westlake announced it formed a servicing partnership with Nicholas Financial, an auto and consumer finance company based in ... [Read More]
PassTime strengthens executive leadership with new EVP of sales
Monday, Jan. 16, 2023, 03:43 PM
SubPrime Auto Finance News Staff
PassTime reinforced its executive team last week. The provider of advanced asset tracking solutions announced it has hired Mike Roberts a new executive vice president of sales. PassTime highlighted Roberts joined the team from Kenwood USA and is an executive ... [Read More]
Legal roundup: GAP refunds in Colorado & retail fraud in Wisconsin
Friday, Jan. 13, 2023, 03:19 PM
SubPrime Auto Finance News Staff
Recent developments from both federal- and state-level law enforcement include matters associated with refunds connected to guaranteed automobile protection (GAP) as well as a dealership defrauding consumers. Connected to industry-wide compliance challenges highlighted multiple times by Allied Solutions, Colorado attorney ... [Read More]
5 findings from Open Lending’s vehicle accessibility survey
Thursday, Jan. 12, 2023, 03:55 PM
SubPrime Auto Finance News Staff
Open Lending Corp. recently offered a in-depth reminder for when a finance company decides to buy that installment contract, especially for an applicant in need of reliable transportation. The provider of analytics, risk-based pricing, risk modeling and default insurance to auto ... [Read More]
Allied Solutions opens year with acquisition, promotion & integration
Wednesday, Jan. 11, 2023, 04:26 PM
SubPrime Auto Finance News Staff
Allied Solutions began 2023 with a trio of significant moves, including an acquisition, a key executive promotion as well as an integration with another service provider in the collections space. The newest announcement arrived on Tuesday when Allied Solutions said ... [Read More]