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

Resilient economy keeps interest rates stable

SubPrime Auto Finance News Staff

With two more opportunities to announce a move before the end of the year, trends are pointing toward the Federal Reserve using at least one of them to modify interest rates after passing on the chance this week. The Federal Open Market Committee (FOMC) kept the federal funds rate at 1 percent to 1.25 percent,... Read More

SubPrime Auto Finance News Staff

This week, F&I Express welcomed Crystal Fusion Technologies to its network of aftermarket providers, which now total more than 140 companies. Crystal Fusion manufactures Ultra-Hydrophobic coatings for windshields to enhance visibility in bad weather and strengthen the glass. Crystal Fusion also offers a windshield... Read More

SubPrime Auto Finance News Staff

Experian Automotive reported that credit unions held a 20.3-percent market share of all auto financing during the second quarter, up from 18.7 percent a year earlier. GrooveCar is looking to help credit unions boost the figure even more during this quarter through what the company is calling its Ultimate... Read More

SubPrime Auto Finance News Staff

For the third time in about 13 months, the Justice Department has reached a settlement with a finance company for violating the Servicemembers Civil Relief Act (SCRA) in connection with vehicle repossessions. This time Westlake Financial Services and its subsidiary, Wilshire Consumer Capital, have agreed to pay $760,788... Read More

SubPrime Auto Finance News Staff

ALS Resolvion contends it now has room to grow for the next decade. The repossession management and skip-tracing services provider recently moved into a larger facility in Charlotte, N.C., to accommodate its rapid ascent in the marketplace. With its new facility, Used Car Week sponsor ALS Resolvion highlighted that... Read More