Subprime origination level at lowest point in 12 years
Monday, May 21, 2018 - 1:54pm
While still sizeable, rate consumers could handle a $400 emergency improves
Thursday, May 24, 2018 - 3:23pm
Thursday, May 24, 2018 - 3:23pm
It’s taken five years, but federal officials are seeing an improvement if consumers faced a financial emergency roughly equal to one payment on their vehicle installment contract. The Federal Reserve Board’s latest Report on the economic well-being of U.S. households indicated four in 10 adults, if faced... Read More
GSFSGroup creates new executive post to lead F&I technology development
Thursday, May 24, 2018 - 3:17pm
Thursday, May 24, 2018 - 3:17pm
GSFSGroup created a new executive position to respond to growth and an increasing need for data management and innovative technology in the automotive F&I industry. The provider and administrator of a comprehensive portfolio of F&I products for dealerships this week announced the hiring of Steven Clark as its... Read More
BillingTree survey shows how much CFPB concerns have diminished
Wednesday, May 23, 2018 - 11:36am
Wednesday, May 23, 2018 - 11:36am
Key findings of BillingTree’s sixth annual Operations and Technology Survey involving collections, recoveries and more, are showing just how much of an impact all of the widespread changes at the Consumer Financial Protection Bureau are leaving on service providers. For the first time in the history of the... Read More
Trump signs resolution negating auto lending guidance
Monday, May 21, 2018 - 4:04pm
Monday, May 21, 2018 - 4:04pm
The 2013 indirect auto lending guidance from what was previously called the Consumer Financial Protection Bureau now is officially off the books. On Monday, President Trump signed into law a bipartisan Congressional resolution disapproving a rule that was in the form of guidance issued by the regulator that now calls... Read More
Consulting firm chooses Kennedy as part of finance expansion
Monday, May 21, 2018 - 10:57am
Monday, May 21, 2018 - 10:57am
National Automotive Finance Association board member Joel Kennedy leveraged his experience and expertise into a position with a consulting firm broadening its scope into consumer finance. Spinnaker Consulting Group, a national boutique professional services consultancy based in Richmond, Va., will expand its services... Read More
Oliver returns to VSC space as RoadVantage senior VP of operations
Monday, May 21, 2018 - 10:55am
Monday, May 21, 2018 - 10:55am
Don Oliver went into retirement for about a year until he was recently lured back into the vehicle service contract administration business. RoadVantage, one the fastest-growing providers of F&I programs for the automotive industry, announced the addition of Oliver as its senior vice president of... Read More
Cherokee Media Group unveils launch of Auto Fin Journal
Friday, May 18, 2018 - 2:20pm
Friday, May 18, 2018 - 2:20pm
Cherokee Media Group (CMG), publishers of Auto Remarketing and SubPrime Auto Finance News, and producers of Used Car Week, the Automotive Intelligence Summit and Auto Remarketing Canada — as well as additional leading auto industry events and media — has announced the launch of a new media property called the... Read More
TransUnion acquires iovation to boost fraud-prevention portfolio
Friday, May 18, 2018 - 11:35am
Friday, May 18, 2018 - 11:35am
TransUnion is putting more resources into fraud prevention. On Friday, TransUnion said it has agreed to acquire iovation, one of the most advanced providers of device-based information in the world, strengthening its position in fraud and identity management. While financial terms were not released, the company... Read More