![Memorial Day Sales: Affordability vs. Opportunity for Dealers](jpg/memorial-day-780x440.jpg)
COMMENTARY: How will dealers overcome affordability challenges to maximize Memorial Day sales opportunities?
Tuesday, May. 21, 2024, 10:23 AM
![FTC seeks additional annual funding for employees & IT resources](png/ftc-chair-with-logo-for-web-780x440.png)
FTC seeks additional annual funding for employees & IT resources
Wednesday, May. 22, 2024, 11:40 AM
![BHPH evolution: Key to success in a recovering auto industry](jpg/best-practices_45.jpg)
Compliance & EVs among topics for REPO 2024
Wednesday, May. 22, 2024, 12:33 PM
Launcher & Gestalt Tech partner for enhanced credit data storage, reporting & analytics
Wednesday, May. 15, 2024, 11:47 AM
SubPrime Auto Finance News Staff
Last week, Launcher Solutions announced an integration partnership with Gestalt Tech and its SaaS data warehouse that can empower finance companies to take advantage of the market trends in analytics, artificial intelligence and automation. The companies said this collaboration can ... [Read More]
Open Lending & Core Specialty Insurance Holdings form partnership
Wednesday, May. 15, 2024, 11:44 AM
SubPrime Auto Finance News Staff
Open Lending Corp. recently partnered with Core Specialty Insurance Holdings, enabling Core Specialty to begin providing credit default insurance policies for Open Lending’s Lenders Protection platform. Open Lending interim CEO Chuck Jehl said through a news release, “One of the ... [Read More]
Access to auto credit tightened slightly in April
Tuesday, May. 14, 2024, 09:53 AM
SubPrime Auto Finance News Staff
Perhaps if your tax season didn’t meet your shop’s expectations, the latest reading of the Dealertrack Credit Availability Index could help explain why. Cox Automotive reported last week that the index declined to 93.8 in April, which was down 0.7% ... [Read More]
‘Extraordinary milestone’ for ComplyAuto by welcoming Miller
Monday, May. 13, 2024, 11:16 AM
SubPrime Auto Finance News Staff
ComplyAuto reached an “extraordinary milestone” on Monday, announcing that former National Automobile Dealers Association regulatory expert Brad Miller is joining the company as chief regulatory and compliance officer and head of legal. Miller spent more than 16 years at NADA ... [Read More]
PODCAST: NAF Association update with executive director Jennifer Martin
Monday, May. 13, 2024, 11:15 AM
SubPrime Auto Finance News Staff
National Automotive Finance Association executive director Jennifer Martin had a lot of positive developments to share in this episode of the Auto Remarketing Podcast. The organization is using technology to grow and serve its membership while also preparing for a ... [Read More]
Hyundai captive settles with DOJ over alleged SCRA infractions
Friday, May. 10, 2024, 10:14 AM
SubPrime Auto Finance News Staff
The Justice Department and Hyundai’s captive finance company settled allegations this week involving repossessed vehicles. Officials announced on Wednesday that Hyundai Capital America has agreed to pay $333,941 to resolve allegations that it violated the Servicemembers Civil Relief Act (SCRA) ... [Read More]
New Experian tool taps into banking activities to enhance underwriting
Friday, May. 10, 2024, 10:12 AM
SubPrime Auto Finance News Staff
Experian rolled out a new tool on Thursday to help finance companies and other lenders work with consumers who might not be in the prime space or have robust credit histories. The company announced the launch of Cashflow Attributes, a ... [Read More]
TransUnion: Gen Z using credit more than millennial counterparts at same age
Thursday, May. 9, 2024, 11:26 AM
SubPrime Auto Finance News Staff
The title of a project TransUnion released on Thursday at its 2024 Financial Services Summit (attended by nearly 300 global financial services executives) might have given some frightening flashbacks of struggles with algebra. The new TransUnion study — Solving for ... [Read More]
CFPB report: More complexity results in added costs for consumers
Wednesday, May. 8, 2024, 11:35 AM
SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau issued a new report last week that suggested consumers tend to pay more for products that have more complex pricing structures, including auto financing. The CFPB said this report is based on experiments with multiple ... [Read More]
3 goals of RPM-MBSi partnership to help lenders, agents & forwarders
Wednesday, May. 8, 2024, 11:32 AM
SubPrime Auto Finance News Staff
This week, RPM and MBSi Corp. announced a new partnership, aligning their areas of expertise in the auto finance industry. The collaboration involving the non-asset-based logistics and transportation provider and the repossession assignment management software company is designed to help ... [Read More]