It’s been a gradual climb, but the auto default rate for May ticked up to the highest point analysts have seen since the end of 2020. S&P Dow Jones Indices and Experian released data through April for the S&P/Experian Consumer ... [Read More]

Perhaps the sentiments held by the contract holders in your finance company’s portfolio aren’t quite as sullen as some of the recent consumer studies that have surfaced in the past month. With debt-free aspirations sagging and a majority of individuals ... [Read More]

Lendisoft and Carleton finalized an integration on Tuesday. The California-based loan servicing software provider announced that it has integrated CarletonCalcs APIs within its Lendisoft servicing platform. According to a news release, Lendisoft is a preconfigured enterprise loan management system (LMS) ... [Read More]

PAR North America, a business unit of KAR Global, announced the promotion of Jessie Herdrich Irwin to chief operating officer on Wednesday. In her expanded new role, Herdrich Irwin will oversee compliance, operations, remarketing and titles, while ensuring alignment with ... [Read More]

S&P Global Ratings highlighted positive trends for net losses, recoveries and delinquency in connection with the U.S. auto ABS sector’s performance for the first quarter According to the report shared with SubPrime Auto Finance News, subprime net losses decreased month-over-month ... [Read More]

The Triton Automotive Group board of directors promoted Brian Miller to be its new chief executive officer in a move that became effective May 1. According to a news release, Miller previously served as the company’s executive vice president of ... [Read More]

The automotive portion of TransUnion’s newly released Q1 2022 Quarterly Credit Industry Insights Report (CIIR) gave context from the financing side about how tight vehicle inventories are impacting the entire industry. TransUnion said on Thursday that origination volumes in Q4 ... [Read More]

Cox Automotive and Comerica Bank each shared upbeat economic and financing trends that should be welcomed by dealerships and finance companies. First on Tuesday, Cox Automotive said access to auto credit expanded again in April, according to the Dealertrack Credit ... [Read More]

For your contract holders who still want to make their monthly payment via cash, Payix and Nortridge Software are teaming up to provide a solution. The REPAY company and provider borrower-facing collections and communications tools recently expanded its exclusive partnership ... [Read More]

The American Recovery Association (ARA) recently highlighted the successes of the Repo Alliance, a fundraising organization rolled out at the start of the pandemic to boost lobbying and other industry promotion efforts. From discussions with federal lawmakers and their staffs ... [Read More]