Federal & state regulators revisit elder financial exploitation
Tuesday, Dec. 10, 2024, 10:32 AM
S&P Global Ratings offers 2025 forecast, answers worldwide economic questions
Monday, Dec. 9, 2024, 11:18 AM
PODCAST: Experian connects vehicle collateral quality with defaults
Friday, Dec. 6, 2024, 10:41 AM
PODCAST: Promoting F&I products before customers are ‘in the box’
Friday, Feb. 17, 2023, 02:55 PM
SubPrime Auto Finance News Staff
Paul McCarthy returned for another episode of the Auto Remarketing Podcast, this time as vice president of sales, key accounts, at Protective Asset Protection. McCarthy took time during NADA Show 2023 in Dallas to share his perspectives on the current ... [Read More]
New CFPB report spots double-digit drop in debt collection tradelines
Thursday, Feb. 16, 2023, 03:28 PM
SubPrime Auto Finance News Staff
Focused on what auto finance underwriters might see daily, the Consumer Financial Protection Bureau (CFPB) released a report this week examining trends in credit reporting of debt in collections from 2018 to 2022. While focused on other parts of the ... [Read More]
AutoPayPlus adds Fifth Third Bank to payment network
Wednesday, Feb. 15, 2023, 05:00 PM
SubPrime Auto Finance News Staff
If contract holders in your portfolio do business with Fifth Third Bank, here’s an option to help them stay current. AutoPayPlus has engaged with Fifth Third Bank to further diversify its portfolio of bank partners that provide money transmission solutions ... [Read More]
NAF Association unveils revamped website
Wednesday, Feb. 15, 2023, 04:58 PM
SubPrime Auto Finance News Staff
The National Automotive Finance Association has a new look — at least online. This week, the NAF Association launched its newly redesigned website with revamped features such as a modernized logo, streamlined design, improved functionality, and easy access to essential ... [Read More]
Former Chrysler Financial, TransUnion exec joins Intellaegis as head of sales
Wednesday, Feb. 15, 2023, 04:53 PM
SubPrime Auto Finance News Staff
Intellaegis, which operates in the repossession and recovery spaces as masterQueue, named a new head of sales this week. Taking on the position is Brynn Layton, who will be reporting to Intellaegis chief operating officer Lance Suder and lead all ... [Read More]
Cox Automotive dissects latest in credit tightening
Tuesday, Feb. 14, 2023, 03:59 PM
SubPrime Auto Finance News Staff
You likely weren’t overreacting if it seemed like it was more difficult to get your dealership’s contracts bought last month. Cox Automotive reported access to auto credit tightened again in January, according to the Dealertrack Credit Availability Index for all ... [Read More]
Open Lending broadens program to older vehicles
Monday, Feb. 13, 2023, 04:21 PM
SubPrime Auto Finance News Staff
Perhaps that older model included in the pitched paper from a dealership in your network now looks a little more appealing when viewed through the updated tool from Open Lending Corp. Last week, the enablement and risk analytics solutions provider ... [Read More]
IAA Loan Payoff tops $3B in transactions in 2022
Monday, Feb. 13, 2023, 04:18 PM
SubPrime Auto Finance News Staff
IAA reached another milestone, as the company announced IAA Loan Payoff exceeded $3 billion in total loss transactions in 2022. IAA highlighted this exponential growth follows the tool’s 2021 record of $1.2 billion in installment contracts and leases processed, bringing ... [Read More]
PODCAST: Federal- and state-level government update with AFSA
Thursday, Feb. 9, 2023, 08:40 PM
SubPrime Auto Finance News Staff
Two of the senior vice presidents from the American Financial Services Association took time during their orchestration of the 2023 Vehicle Finance Conference in Dallas for this episode of the Auto Remarketing Podcast. Celia Winslow and Danielle Fagre Arlowe discussed ... [Read More]
Latest TransUnion study examines new-to-credit consumers
Thursday, Feb. 9, 2023, 04:14 PM
SubPrime Auto Finance News Staff
Perhaps those new-to-credit consumers — individuals early in their credit journeys — might be some of the best applicants to land in your finance company’s underwriting department. The main finding from a newly released TransUnion global study showed new-to-credit consumers ... [Read More]