DealerBuilt settles with New Jersey AG over data breach
Tuesday, September 18, 2018 - 10:28am
3 factors that influence employee compensation most
Thursday, September 20, 2018 - 10:31am
Thursday, September 20, 2018 - 10:31am
Automotive Personnel founder and chief executive officer Don Jasensky tackled one of the most challenging work elements facing both employers and employees — financial compensation. Jasensky, who established his human resources firm in 1989, pinpointed what he believes are three key influences on the figure that... Read More
Black Book history-adjusted valuations now embedded in defi SOLUTIONS’ platform
Monday, September 17, 2018 - 11:19am
Monday, September 17, 2018 - 11:19am
Two well-known industry names — Black Book and defi SOLUTIONS — are working together again. On Monday, Black Book announced its history-adjusted valuations (HAV) data and resources will be integrated into an interface with defi SOLUTIONS. Editors explained history-adjusted valuations are a VIN-specific,... Read More
Analysis: CFPB finalizes changes to annual privacy notice
Thursday, September 13, 2018 - 10:38am
Thursday, September 13, 2018 - 10:38am
The Consumer Financial Protection Bureau (CFPB) has issued its final rule adopting changes to Regulation P, which governs the requirements for financial institutions to issue privacy notices to its customers. The final rule implements new timing requirements for sending annual privacy notices pertaining to financial... Read More
CFPB focuses latest supervisory highlights on repo and insurance issues
Wednesday, September 12, 2018 - 12:05pm
Wednesday, September 12, 2018 - 12:05pm
The Consumer Financial Protection Bureau concentrated the auto-finance portion of its latest supervisory highlights on two of the most complicated matters when someone needs credit to acquire a vehicle — repossession and the application of insurance proceeds. Before deploying a repossession agent to find and take... Read More
2 reasons why Regional Acceptance to leverage Dealertrack for title services
Wednesday, September 12, 2018 - 12:01pm
Wednesday, September 12, 2018 - 12:01pm
Regional Acceptance Corp. (RAC) and Dealertrack Accelerated Title this week spelled out a pair of reasons why they’re now working together to create efficiencies in their payoff and title release process with dealers accepting vehicle in on trade. RAC, a finance company and a subsidiary of BB&T Corp.... Read More
Equifax sees less subprime paper as industry passes $1.25 trillion in outstanding balances
Wednesday, September 12, 2018 - 11:57am
Wednesday, September 12, 2018 - 11:57am
The auto-finance industry passed another milestone as Equifax determined current portfolios collectively now exceed $1.25 trillion. However, subprime paper isn’t pushing the industry-wide figure higher as much as volume within that segment did a year ago. To get to the $1.27 trillion overall figure reported as... Read More
Fitch sees four Q2 trends positively impacting subprime ABS
Tuesday, September 11, 2018 - 10:50am
Tuesday, September 11, 2018 - 10:50am
Fitch Ratings sifted through data generated by the subprime auto asset backed securities (ABS) market during the first half of the year. Analysts not only found four elements that are supporting the subprime ABS segment, but also more details about why certain vintages might not be performing as well. First looking into... Read More
23 industry leaders named to 3 CFPB advisory boards
Monday, September 10, 2018 - 12:00pm
Monday, September 10, 2018 - 12:00pm
Three boards containing 23 industry leaders now have an advisory voice in how the Consumer Financial Protection Bureau operates. Late last week, the bureau announced the appointment of new experts from outside the federal government to the Consumer Advisory Board, Community Bank Advisory Council and Credit Union... Read More