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
CFPB seeks more free consumer access to credit reporting info
Tuesday, Feb. 8, 2022, 05:18 PM
SubPrime Auto Finance News Staff
Late last month, the three nationwide consumer reporting companies — Equifax, TransUnion and Experian — announced that they would allow people to check their credit reports for free once a week through December. And coinciding with that decision, the Consumer ... [Read More]
PODCAST: How the workplace is changing with Automotive Personnel founder Don Jasensky
Wednesday, Feb. 2, 2022, 07:30 PM
SubPrime Auto Finance News Staff
Automotive Personnel founder Don Jasensky now has run his own executive search firm to help finance companies and dealerships for 33 years. And during the past couple of years, Jasensky has seen some of the most dramatic changes with how ... [Read More]
TransUnion spots stability in auto & record in personal loans
Wednesday, Feb. 2, 2022, 05:20 PM
SubPrime Auto Finance News Staff
While mentioning an overall uptick in products being used by consumers falling into the non-prime credit category, the auto portion of TransUnion’s Q4 2021 Quarterly Credit Industry Insights Report (CIIR) contained information and insights that finance companies might find encouraging. ... [Read More]
JM Family installs permanent CFO
Wednesday, Feb. 2, 2022, 04:12 PM
SubPrime Auto Finance News Staff
JM Family Enterprises tapped Eric Gebhard to be the company’s interim chief financial officer last May. On Wednesday, an executive Gebhard helped to recruit became the company’s permanent CFO. Taking on this role as well as holding the title of ... [Read More]
LAUNCHER.SOLUTIONS & VoltSwitch partner to speed funding
Wednesday, Feb. 2, 2022, 04:10 PM
SubPrime Auto Finance News Staff
LAUNCHER.SOLUTIONS said Tuesday that it has completed its integration with VoltSwitch GPS’s Vehicle Tracking platform. The technology provider specializing in originations explained that this integration can provide finance companies with a faster and more seamless funding experience for deals with ... [Read More]
Another Westlake division sets records in 2021
Tuesday, Feb. 1, 2022, 05:33 PM
SubPrime Auto Finance News Staff
As one subsidiary of Westlake Technology Holdings posted records in the vehicle leasing space last year, another of its subsidiaries that specializes in shared cash flow auto lending generated new company records in 2021, too. According to a news release, ... [Read More]
Solera to add Spireon to automotive technology portfolio
Tuesday, Feb. 1, 2022, 05:20 PM
SubPrime Auto Finance News Staff
Spireon is likely familiar to both finance companies as well as fleet operators that use its services to track vehicles. According to a news release, Spireon now is on a path to have new ownership by the end of the ... [Read More]
Experian expands credit-building tools for consumers
Monday, Jan. 31, 2022, 04:56 PM
SubPrime Auto Finance News Staff
Another initiative to help finance companies cater to consumers with little or no credit backgrounds recently surfaced; this time from Experian. In what the company said is meant to further financial inclusion across the United States, Experian launched what it ... [Read More]
Florida dealer group involved in credit-building program dubbed ‘Grow & Drive’
Friday, Jan. 28, 2022, 04:31 PM
SubPrime Auto Finance News Staff
A Florida-based group that owns and operates five franchised stores in the Sunshine State as well as Georgia and South Carolina is the first dealer group in the U.S. to work with Grow Credit, which is a financial inclusion platform ... [Read More]
CFPB turns attention to what it calls ‘junk fees’
Thursday, Jan. 27, 2022, 03:50 PM
Nick Zulovich, Senior Editor
The Consumer Financial Protection Bureau (CFPB) launched an initiative on Wednesday in connection with what the federal regulator called “exploitative junk fees” charged by banks and financial companies. The CFPB said through a news release that it’s making this request ... [Read More]