5 F&I predictions for 2018 from EFG Companies

SubPrime Auto Finance News Staff

Now that the Thanksgiving turkey has been devoured and the holiday season is in full swing, EFG Companies is looking ahead to 2018, offering its predictions and recommendations for the retail automotive and powersports F&I market. Company leaders highlighted these insights, formed through thousands of conversations... Read More

defi SOLUTIONS adds another award to its mantle

SubPrime Auto Finance News Staff

It’s indeed a time to be thankful within the team at defi SOLUTIONS. The company shared that it recently collected another industry honor, being awarded a spot on the 2017 Dallas Morning News Top 100 Places to Work. This is the first time defi SOLUTIONS has participated in the annual contest in which employees... Read More

SubPrime Auto Finance News Staff

Continuing a cyclical pattern S&P and Experian analysts have seen for nearly a decade, the auto finance default rate moved higher in October; and actually to the highest level in almost three years. According to the auto finance component of the monthly report from S&P Dow Jones Indices and Experian, October... Read More

Originations slow for fourth straight quarter

SubPrime Auto Finance News Staff

It’s no secret that the auto finance industry is taking its collective foot off of the origination accelerator. In fact, TransUnion now has seen originations soften on a year-over-year basis for four quarters in a row. Displayed one quarter in arrears, TransUnion’s recently released Industry Insights Report... Read More

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

One of the benefits of Used Car Week is the networking that happens among auto finance service providers. Some of the fruit of that ongoing networking between two of Used Car Week’s staunchest supporters ripened on Monday. Digital Recognition Network (DRN) and Intellaegis, which does business as masterQueue,... Read More