New ValidiFI report reinforces importance of spotting high-risk indicators of ACH transactions
Wednesday, Sep. 25, 2024, 11:10 AM
LegalShield: Spiking consumer financial stress 'not a fluke'
Thursday, Sep. 26, 2024, 11:32 AM
Survey: Despite notable lack of emergency funds, majority of Americans feel confident about handling unexpected expenses
Tuesday, Sep. 24, 2024, 10:28 AM
ARA changes leadership with new president & executive director
Thursday, Jun. 30, 2022, 01:46 PM
SubPrime Auto Finance News Staff
The American Recovery Association (ARA) closed the first half of 2022 with significant changes in leadership, naming a new president and executive director. Stepping away from those respective roles, Dave Kennedy and Les McCook have handed the ARA leadership responsibilities ... [Read More]
PODCAST: Reviewing consumer migration trends with Jeremiah Wheeler of DRN & MVTRAC
Tuesday, Jun. 28, 2022, 09:15 PM
SubPrime Auto Finance News Staff
Senior editor Nick Zulovich spent part of his time in Denver for the North American Repossessors Summit sharing another conversation for the Auto Remarketing Podcast with Jeremiah Wheeler, who is president of DRN and MVTRAC. In light of inflation pushing ... [Read More]
New paycheck-to-paycheck research with ‘unhappy summer’ looming
Tuesday, Jun. 28, 2022, 02:39 PM
SubPrime Auto Finance News Staff
With S&P Global Ratings acknowledging that the U.S. economy “could be facing an unhappy summer,” LendingClub Corp. released findings from the 11th edition of the Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS.com. LendingClub highlighted the Financial Distress ... [Read More]
New FrogData solution aims to smooth warranty claims & improve dealer cash flow
Monday, Jun. 27, 2022, 02:45 PM
SubPrime Auto Finance News Staff
FrogData is looking to help dealerships meet the commitments made when selling warranties during the vehicle delivery process. The company recently launched WarrantyMind, a data platform for warranty claims processing that designed to solve critical warranty administration problems at dealerships. ... [Read More]
Auto defaults up 10 of the past 11 months
Monday, Jun. 27, 2022, 02:41 PM
SubPrime Auto Finance News Staff
While not at the upward pace of headline-grabbing metrics such as inflation or gas prices, nonetheless auto defaults are moving higher. And they have been now for 10 of the past 11 months. According to data through May 2022 for ... [Read More]
Proposed FTC rule out to ban ‘junk fees, bait-and-switch tactics’
Friday, Jun. 24, 2022, 02:45 PM
SubPrime Auto Finance News Staff
Four of the five leaders of the Federal Trade Commission support a proposed a rule to ban what the federal regulator called “junk fees and bait-and-switch advertising tactics that can plague consumers throughout the car-buying experience.” The commissioner who voted against ... [Read More]
From the editor: NARS highlights intriguing thoughts from finance companies & repo agents
Thursday, Jun. 23, 2022, 03:00 PM
Nick Zulovich, Senior Editor
Tip of the conference cap to the American Recovery Association and the North American Repossessors Summit planning committee. They scheduled a pair of intriguing panel discussions to begin the 2022 edition of NARS, which unfolded for the first time at ... [Read More]
Experts see mixed observations when examining latest auto ABS data
Monday, Jun. 20, 2022, 03:23 PM
SubPrime Auto Finance News Staff
The latest analysis about the health of contract payments and the auto asset-backed securities market from Kroll Bond Rating Agency and S&P Global Ratings showed mixed observations from company experts. Beginning first with the update from S&P Global Ratings, analysts ... [Read More]
PODCAST: Identifying risk sources with Joseph Cioffi of Credit Chronometer
Friday, Jun. 17, 2022, 01:32 PM
SubPrime Auto Finance News Staff
We wrap up our series of podcasts recorded during this year’s Non-Prime Auto Financing Conference, hosted by the National Automotive Finance Association, with a visit with Davis + Gilbert partner Joseph Cioffi. Cioffi, who also runs the Credit Chronometer, discussed where ... [Read More]
Explaining what 75 basis-point rise in interest rates might do within auto financing
Thursday, Jun. 16, 2022, 03:24 PM
Nick Zulovich, Senior Editor
Experts from Cox Automotive and Edmunds offered perspectives on what might happen within auto financing after the Federal Reserve made its largest increase interest rates at a single point since 1994. The Federal Open Market Committee voted 8-1 this week ... [Read More]