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
RateGenius spots lowest average refinancing rate so far in 2021
Monday, Sep. 13, 2021, 04:10 PM
SubPrime Auto Finance News Staff
RateGenius’ monthly Auto Refinance Rate Report found that the average overall auto refinance interest rate for August came in the lowest of any month so far this year. [Read More]
AutoPayPlus unveils fintech solution to increase dealer profit
Friday, Sep. 10, 2021, 02:28 PM
SubPrime Auto Finance News Staff
AutoPayPlus acknowledged every dealership’s primary business goal and ongoing challenge revolve around one, single metric: profit. To help managers and principals in that department, AutoPayPlus unveiled an all-new solution this week designed to increase profit per vehicle and service retention ... [Read More]
LAUNCHER.SOLUTIONS & Carleton complete integration to enhance contract compliance
Friday, Sep. 10, 2021, 02:26 PM
SubPrime Auto Finance News Staff
LAUNCHER.SOLUTIONS and Carleton recently finalized an integration of two of their primary products that serve finance companies. The integration involves the appTRAKER Loan Origination System LAUNCHER.SOLUTIONS with CarletonCalcs from Carleton. The companies explained through a news release that CarletonCalcs is ... [Read More]
NAF Association adds 3 executives to board of directors
Thursday, Sep. 9, 2021, 03:03 PM
SubPrime Auto Finance News Staff
After last week’s 25th annual Non-Prime Auto Financing Conference, the National Automotive Finance Association made three new additions to its board of directors. According to messages sent to SubPrime Auto Finance News, the new NAF Association board members are: — ... [Read More]
APCO Holdings acquires Strategic Diversified to boost F&I presence in the Mid-Atlantic region
Wednesday, Sep. 8, 2021, 03:33 PM
SubPrime Auto Finance News Staff
Acquisitions in the F&I space are starting to intensify just like what’s been happening in the dealership sector for some time now. On Tuesday, APCO Holdings — home to the EasyCare, GWC Warranty and MemberCare brands — announced that it ... [Read More]
PODCAST: Davis+Gilbert’s Joseph Cioffi on vehicle-titling challenges
Tuesday, Sep. 7, 2021, 01:49 PM
SubPrime Auto Finance News Staff
Joseph Cioffi, partner at Davis+Gilbert and orchestrator of the Credit Chronometer, returned for another episode of the Auto Remarketing Podcast; this time recorded in person during the Non-Prime Auto Financing Conference hosted by the National Automotive Finance Association. Cioffi and ... [Read More]
WalletHub: 87M vehicle shoppers on the hunt this Labor Day weekend
Friday, Sep. 3, 2021, 02:40 PM
SubPrime Auto Finance News Staff
According to a nationally representative survey conducted by personal finance website WalletHub, 87 million Americans will look at vehicles to buy this Labor Day weekend. And WalletHub’s 2021 Labor Day Weekend Survey showed that the top two considerations potential buyers ... [Read More]
Location Services exits direct recoveries to focus on forwarding & LPR business lines
Thursday, Sep. 2, 2021, 06:27 PM
SubPrime Auto Finance News Staff
COVID-19 is prompting Location Services to make significant changes. After being impacted by the pandemic, the company announced on Thursday that it has made the decision to exit the direct recovery space and focus on building its existing forwarding model, ... [Read More]
Credit Acceptance becomes 5th finance company to settle with Massachusetts AG
Thursday, Sep. 2, 2021, 03:44 PM
SubPrime Auto Finance News Staff
Both a large subprime auto finance company and a state attorney general seemed pleased to announce a settlement between them that is involving more than $27 million. On Wednesday, Credit Acceptance became the fifth different finance company to finalize a ... [Read More]
Stellantis to acquire First Investors to build new captive
Thursday, Sep. 2, 2021, 01:53 PM
SubPrime Auto Finance News Staff
General Motors acquired AmeriCredit 11 years ago in a move that eventually led the formation of its new captive finance company at GM Financial. Another domestic OEM is on the same path. On Wednesday, Stellantis announced it has entered into ... [Read More]