SubPrime Auto Finance News Staff

Risk management technology Verifacto finalized a partnership with Berkshire Risk Services, a collateral protection insurance (CPI) company for dealers and auto finance companies. Through the partnership with Berkshire Risk Services, Verifacto — one of the new exhibitors coming to Used Car Week — now can... Read More

DIMONT brings in 3 new experienced executives

SubPrime Auto Finance News Staff

DIMONT is coming to Used Car Week armed with three additional experienced executives within its workforce. This week, DIMONT, one of the largest providers of insurance claims adjusting and collateral loss mitigation services, announced the addition of three industry experts to its growing staff... Read More

CUNA spells out TCPA concerns to FCC

SubPrime Auto Finance News Staff

Another nationwide organization is asking federal regulators for assistance since technology has revolutionized the way finance providers and customers can communicate. The Credit Union National Association (CUNA) recently filed a petition with the Federal Communications Commission regarding the Telephone Consumer... Read More

Launcher integrates Carfax into LOS platform

SubPrime Auto Finance News Staff

Here’s a development aimed at helping to keep potentially flood-damaged and other compromised vehicles out of your company’s portfolio. This week, Launcher — a technology provider specializing in subprime automotive finance originations, has integrated access to Carfax Vehicle History Reports into its... Read More

5 crucial VSC components to review with customers

SubPrime Auto Finance News Staff

GWC Warranty acknowledged it can be a challenge for dealership staff to include a vehicle service contract in the auto financing package, especially if customers are already stretching their budgets to meet the monthly payment requirements. So when a VSC is purchased, GWC recommended that store personnel review five... Read More

SubPrime Auto Finance News Staff

In light of what’s happening nowadays in the credit bureau space, TransUnion’s latest acquisition is aimed at bolstering its arsenal against fraud. TransUnion recently announced that it bolstered its data and analytics capabilities with the acquisition of eBureau, a leading provider of custom-analytic... Read More

SubPrime Auto Finance News Staff

ACI Worldwide, one of the more than 60 exhibitors set to share their expertise during Used Car Week, recently announced the winners of the 2017 ACI Innovation Awards, with one of the recipients being a finance company that specializes in subprime paper. The awards recognize banks, financial intermediaries, merchants and... Read More

SubPrime Auto Finance News Staff

The Equifax data breach is continuing to impact Experian and TransUnion, too. First, New York’s attorney general asked for formal meetings as the Empire State intensified its financial services regulations. Now this week, Chief Deputy Whip Patrick McHenry, who also is vice chairman of the House Financial Services... Read More