5 components of Treasury Department’s National Strategy for Financial Inclusion
Wednesday, Nov. 6, 2024, 11:10 AM
Experts give auto-finance outlook after another Fed rate cut & Trump election victory
Friday, Nov. 8, 2024, 11:13 AM
Results & recommendations from federal audit of CFPB’s information security program
Thursday, Nov. 7, 2024, 10:49 AM
Flagship asks McKie to lead charge into direct-to-consumer financing
Friday, Aug. 12, 2022, 01:35 PM
SubPrime Auto Finance News Staff
Flagship Credit Acceptance wants to grow its portfolio through its entry into direct-to-consumer financing, so this week, the company hired Rob McKie as chief direct lending officer to lead that endeavor. Flagship highlighted through a news release that McKie brings ... [Read More]
Ally tops J.D. Power dealer financing satisfaction charts in subprime for second straight year
Thursday, Aug. 11, 2022, 02:14 PM
SubPrime Auto Finance News Staff
Ally Financial topped the ranking among subprime auto finance companies for the second consecutive year, according to the J.D. Power 2022 U.S. Dealer Financing Satisfaction Study, which was released on Thursday. Ally Financial ranked highest in overall dealer satisfaction among ... [Read More]
2 alleged arson incidents concern ARA about insurance
Wednesday, Aug. 10, 2022, 07:14 PM
SubPrime Auto Finance News Staff
Two alleged arson incidents in a three-month span in the storage lots at repossession agents in Arizona and Illinois has the American Recovery Association quite concerned for a myriad of reasons. ARA recapped in a news release that 18 vehicles ... [Read More]
AUL pinpoints 9 F&I tips & trends for remainder of 2022
Wednesday, Aug. 10, 2022, 03:48 PM
SubPrime Auto Finance News Staff
AUL Corp. senior vice president of sales and marketing Paul McCarthy identified nine F&I tips and trends he sees being in play for dealerships for remainder of the year. McCarthy touched on topics such as what’s on the dealership website ... [Read More]
Ga. woman sentenced to more than 18 years in federal prison for complex fraud scheme
Tuesday, Aug. 9, 2022, 01:54 PM
SubPrime Auto Finance News Staff
Federal authorities secured at least one conviction of an individual orchestrating a complex fraud scheme that could have impacted your dealership or finance company. According to a news release from the U.S. Attorney’s Office for district of South Carolina, Quinae ... [Read More]
PODCAST: New F&I series with leading consultant Becky Chernek
Sunday, Aug. 7, 2022, 08:52 PM
SubPrime Auto Finance News Staff
One of the leading F&I consultants agreed to begin a new monthly series as part of the Auto Remarketing Podcast. Becky Chernek opened the series by giving her perspectives on what’s changed in the finance office since the pandemic arrived ... [Read More]
Westlake gives largest donation in southern California to 2022 Ronald McDonald Walk for Kids
Sunday, Aug. 7, 2022, 08:47 PM
SubPrime Auto Finance News Staff
On Friday, Westlake Financial highlighted one of its latest philanthropy endeavors. The finance company said it partnered with Ronald McDonald’s 2022 Walk for Kids and donated $72,000, one of the largest donations in southern California thus far. Westlake indicated the ... [Read More]
Carvana rolls out co-signer option
Friday, Aug. 5, 2022, 03:18 PM
SubPrime Auto Finance News Staff
What’s often been done in special finance departments at physical dealerships now is being leveraged by Carvana — at least in South Carolina. The online used-vehicle retailer said this week that to make its vehicle financing qualification process easier for ... [Read More]
TransUnion: Delinquencies continue on normalization path
Thursday, Aug. 4, 2022, 02:45 PM
SubPrime Auto Finance News Staff
While TransUnion spotted noticeable rises of consumer debt levels in many credit segments, experts also are seeing normalization of delinquencies. That’s the main theme of TransUnion’s Q2 2022 Quarterly Credit Industry Insights Report (CIIR) released on Thursday. “Consumers are facing ... [Read More]
PODCAST: New leadership tandem at ARA
Wednesday, Aug. 3, 2022, 04:59 PM
SubPrime Auto Finance News Staff
The American Recovery Association’s new leadership tandem made time for this episode of the Auto Remarketing Podcast. Installed earlier this summer, president Vaughn Clemmons and executive director Joel Kennedy offered their perspective on taking these leadership roles for an industry ... [Read More]