Survey: 27% of consumers do not review their credit report annually
Wednesday, Oct. 2, 2024, 10:57 AM
Edmunds: Average amount financed for used cars drops in Q3
Tuesday, Oct. 1, 2024, 10:00 AM
FTC reiterates use of ‘plain language’ associated with regulatory activities
Monday, Sep. 30, 2024, 11:35 AM
NAF Association solidifies board leadership, adds 2 new directors
Wednesday, Jun. 8, 2022, 03:26 PM
SubPrime Auto Finance News Staff
The National Automotive Finance Association solidified its board of directors and voted in two new members last week during its 26th annual Non-Prime Auto Financing Conference in Plano, Texas. The NAF Association announced that Paul Gillespie, who is senior vice ... [Read More]
Lot2You Auto Finance set to grow digital network of participating dealers & finance companies
Wednesday, Jun. 8, 2022, 03:20 PM
SubPrime Auto Finance News Staff
Lot2You Auto Finance sees the No. 1 frustration of subprime consumers as the time spent waiting on an approval and the fear of embarrassment while at a dealership. With that situation in mind while being committed to progressive thinking and ... [Read More]
AFSA continues to seek CFPB’s definition of risk
Tuesday, Jun. 7, 2022, 02:24 PM
SubPrime Auto Finance News Staff
American Financial Services Association senior vice president Celia Winslow recounted during a recent episode of the Auto Remarketing Podcast that AFSA has been seeking clarity about what the Consumer Financial Protection Bureau (CFPB) defines as risk for more than 10 ... [Read More]
Chambers recognizes 4 Hudson Cook partners
Monday, Jun. 6, 2022, 03:49 AM
SubPrime Auto Finance News Staff
Hudson Cook announced last week that four of its attorneys have been recognized in Chambers 2022. Partners Michael Benoit, Nikki Munro and Jean Noonan are being recognized by Chambers again this year with national rankings in the Chambers USA Guide ... [Read More]
JD Power reinforces F&I software division via another acquisition
Monday, Jun. 6, 2022, 03:47 AM
SubPrime Auto Finance News Staff
Last July, J.D. Power acquired Superior Integrated Solutions/Darwin Automotive to strengthen its F&I software analytics offerings for dealers and third-party partners. On Thursday, J.D. Power further reinforced that business segment with another acquisition, adding Tail Light, a leading automotive software ... [Read More]
Hackett joins F&I Sentinel advisory board
Friday, May. 27, 2022, 01:22 PM
SubPrime Auto Finance News Staff
For the second week in a row, F&I Sentinel added to its human resources. Last week, the compliance solutions provider with respect to the financing of F&I products reinforced its executive team with two former team members at F&I Express. ... [Read More]
Top 10 states with highest average APR for used vehicles
Thursday, May. 26, 2022, 03:15 PM
SubPrime Auto Finance News Staff
This week, Edmunds reported that the average interest rate for used vehicles financed in April came in at 9.16%, which was the same reading analysts spotted during the previous month. Edmunds broke down the data further to pinpoint the top ... [Read More]
Intellaegis adds Edmonds to consulting team
Wednesday, May. 25, 2022, 03:52 PM
SubPrime Auto Finance News Staff
Intellaegis, which does business as masterQueue, announced on Wednesday that it has signed a consulting agreement with former Santander Consumer USA senior vice president and director of business control and risk management Kelli Edmonds. One of the 2020 Women in ... [Read More]
AutoPayPlus rallies behind employee’s project to honor fallen military personnel
Wednesday, May. 25, 2022, 03:34 PM
SubPrime Auto Finance News Staff
Ahead of Memorial Day weekend, AutoPayPlus recapped the tribute one of its employees has done during the past year to honor deceased members of the military. A few years ago, Jedd Price learned that a penny left on a soldier’s ... [Read More]
NJ AG & state agency penalize 3 dealer groups
Wednesday, May. 25, 2022, 03:32 PM
SubPrime Auto Finance News Staff
A trio of dealership operations in the Garden State are set to pay hefty penalties for alleged violations of advertising, warranties and other financing and retailing matters. Last week, New Jersey acting attorney general Matthew Platkin and the state’s Division ... [Read More]