FTC’s Holyoak discusses debt collection when recapping regulator’s activities to reduce fraud
Monday, Nov. 11, 2024, 11:02 AM
Credit availability eases again in October
Wednesday, Nov. 13, 2024, 11:14 AM
TransUnion: LTVs above 120% for used cars have doubled in past 3 years
Tuesday, Nov. 12, 2024, 10:23 AM
Protective Asset Protection recaps 60-year journey of F&I services
Wednesday, Aug. 17, 2022, 03:25 PM
SubPrime Auto Finance News Staff
Protective Asset Protection is celebrating 60 years of service this month as a provider of F&I products that help protect each vehicle investment while equipping dealers with the F&I products they need to instill confidence and trust in their customers. ... [Read More]
Credit Acceptance founder Don Foss passes away
Tuesday, Aug. 16, 2022, 02:17 PM
Nick Zulovich, Senior Editor
Credit Acceptance said late on Monday that founder Don Foss passed away on Sunday from complications arising from an aggressive form of cancer. He was surrounded by his family, according to the company announcement. Specializing in subprime auto financing, Credit ... [Read More]
SBA agrees with 4 industry associations to delay Safeguards Rule implementation
Monday, Aug. 15, 2022, 04:04 PM
SubPrime Auto Finance News Staff
Now even another government agency thinks implementation of the enhanced Safeguards Rule from the Federal Trade Commission should be delayed. Recently, the Small Business Administration (SBA) Office of Advocacy delivered a letter to the FTC, echoing many of the points ... [Read More]
DriveItAway launches PHEV subscription to ownership program with Chapman Auto Group
Friday, Aug. 12, 2022, 01:41 PM
SubPrime Auto Finance News Staff
DriveItAway Holdings made another advancement on Friday related to its mission “to make driving and owning an EV truly affordable for all.” The provider of subscription-to-purchase technology announced that it recently launched its electric vehicle program with the Ford Escape ... [Read More]
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]