American Financial Services Association president and CEO Bill Himpler testified on Thursday during a hearing hosted by the U.S. House Subcommittee on Financial Institutions and Monetary Policy. Himpler made a case for why the Consumer Financial Protection Bureau is “ripe for reform.” In his prepared opening statement sent to SubPrime Auto Finance News, Himpler told […] [Read More]

March began with Canadian wholesale vehicle values falling 0.18%, which is in line with the average movement for same week of 2017-2019, according to Canadian Black Book’s Market Insights report for the week ending March 4. For the last full week of February, prices were down 0.14%. Car segment prices dropped 0.16% the week ending […] [Read More]

The change in wholesale vehicle prices — which in February, according to Black Book, climbed sequentially for the first time since June — is impacting what those used cars are fetching in the retail market. The month-over-month increase in wholesale values, along with decreasing supply and a consumer appetite for lower-priced used cars, helped push […] [Read More]

Draiver, which is an on-demand vehicle delivery service, said Wednesday it will expand to Mexico, Brazil and Canada this year, while also adding more U.S. cities to its footprint. “We arrive first, and we put people first,” CEO Zarif Haque said in a news release. “Our model offers clients more intelligent vehicle delivery solutions that […] [Read More]

Solifi released the latest version of Solifi Originations for equipment and automotive finance companies in North America, highlighting four enhancements. The newest features are designed to enable a multitude of automated advancements for improved client and consumer experiences. Among these features are the ability to directly upload XML files containing asset details onto the Solifi […] [Read More]

Wolters Kluwer finalized an executive move prompted by a decision made late last year. The company announced this week that Steven Meirink has been named CEO of Wolters Kluwer Financial & Corporate Compliance (FCC), a division that provides lending, regulatory and investment compliance solutions to financial institutions and legal entity compliance solutions to corporations, small […] [Read More]

Former Emerging 8 honoree TurboPass reinforced its leadership this week, creating an advisory board while also appointing a chief revenue officer. The provider of an electronic, multi-verification solution for automotive dealers said its advisory board is “comprised of some of the most influential auto industry executives of the past 25 years,” including: Dann Adams, Stephanie […] [Read More]

Cherokee Media Group on Wednesday announced this year’s honorees for the Women in Collections and Recoveries award program presented by American Recovery Service. The Women in Collections and Recoveries award program received nominations nationwide for women in various roles within this segment of the industry. The 19 honorees for this year’s award hail from various […] [Read More]

MBSi made what it described as a “milestone” announcement on Wednesday involving what it called a “major client.” As a result of in-person meetings, the provider of repossession assignment management and compliance management solutions said Santander Consumer USA has decided to absorb the RecoveryConnect recovery fees on behalf of recovery agencies. MBSi said SCUSA recognizes […] [Read More]

This week, Advanced Dealer Solutions (ADS) announced it has signed on to represent the Zurich suite of protection products to its current and future auto and powersports dealers. ADS is a dealer development agency based in Richfield, Ohio, with specialties in F&I training and development, product structure and reinsurance management for auto, RV and powersports […] [Read More]