Sarah Rubenoff, SubPrime Auto Finance News Correspondent

It was reported by CNBC and other news outlets early Wednesday afternoon that director of the Consumer Financial Protection Bureau Richard Cordray would be stepping down from his position by the end of the month. The news first surfaced in an email sent out by Cordray himself, announcing his plans. This new comes just a... Read More

TransUnion acquires FactorTrust

SubPrime Auto Finance News Staff

The company that deemed itself an alternative credit bureau now is a part of what traditionally has been one of the Big 3 credit history providers. Late on Tuesday, TransUnion announced the acquisition of Used Car Week sponsor FactorTrust, a provider of alternative credit data, analytics and risk scoring information... Read More

SubPrime Auto Finance News Staff

The leadership at Recovery Industry Services Co. (RISC) heard panel discussions and networking dialogue from industry participants during Used Car Week about the importance of compliance for third-party vendors. The situation reinforced why RISC rolled out its latest offering on Tuesday. RISC’s Lot Inspection... Read More

SubPrime Auto Finance News Staff

Traffic Control, a solution for dealers retailing 50 to 150 vehicles a month, this week announced new features for improving multiple F&I-related steps to enhance deal cash flow, employee efficiency and customer satisfaction. Traffic Control CRM now features e-document technology integrated with RouteOne to pull... Read More

Emre Ucer: 2017 Repossession Executive of the Year

Nick Zulovich, Senior Editor

Some individuals find riding motorcycles exhilarating, especially as they gain more experience with the machines. But just like with vehicles, sometimes these individuals do not keep up with their financial responsibilities mandated in a contract, triggering a repossession. As an executive who has spearheaded growth of... Read More

SubPrime Auto Finance News Staff

The Federal Trade Commission flexed its regulatory muscle again this week. Officials said a southern California-based dealership group will pay $1.4 million to settle FTC charges that it violated a 2014 administrative order prohibiting the company from misrepresenting how much consumers could pay to finance or lease a... Read More

SubPrime Auto Finance News Staff

Coinciding with the finance company’s enhanced relationship with Carvana, Ally Financial on Wednesday announced that Dinesh Chopra has joined the company as its new chief strategy officer. In his newly created role Chopra will lead Ally’s corporate strategy team, helping to foster its growth and evolution as... Read More

SubPrime Auto Finance News Staff

Andrew Stuart, president and chief executive officer of TD Auto Finance, was among three recipients of a 2017 American Financial Services Association Distinguished Service Award (DSA) during AFSA’s 101st annual meeting. The other two executives given the association’s highest honor included Scarlett Smith,... Read More