Wednesday, July 17, 2019 - 12:40pm

SubPrime Auto Finance News Staff

The American Recovery Association is looking to help members with one of the most important benefits repossession agencies can offer their employees. This week, ARA, in partnership with Harding Brooks Insurance Agency, announced the newest member benefit: a national, cost-effective health insurance program open to all... Read More

Wednesday, July 17, 2019 - 12:20pm

SubPrime Auto Finance News Staff

Consumers who might be connected to an installment contract in your portfolio could be a little uneasy about staying current even as the latest reading showed defaults stayed steady. Middle-class Americans are less optimistic about their ability to achieve upward mobility than they were six months ago, according to new... Read More

Friday, July 12, 2019 - 11:27am

SubPrime Auto Finance News Staff

Kroll Bond Rating Agency (KBRA) announced four senior personnel changes to the teams at its New York office that monitor securitizations and the auto asset-backed securities market. According to a news release distributed on Friday, Anthony Nocera, co-head of the ABS Group, has decided to transition to a senior advisory... Read More

Thursday, July 11, 2019 - 10:47am

SubPrime Auto Finance News Staff

Colonnade Securities offered an extended examination of the below-prime auto finance industry this week, identifying what the independent investment bank focused on the financial services and business services sectors believes are four factors currently impacting the space most. According to the report, the fundamentals... Read More

Wednesday, July 10, 2019 - 9:42am

SubPrime Auto Finance News Staff

ALS Resolvion is reinforcing its commitment to being a mobile company, citing two specific reasons for an updated strategy. The provider of national repossession management services recently announced that it has fully implemented what the company believes is the industry’s first “mobile only”... Read More

Wednesday, July 10, 2019 - 9:32am

SubPrime Auto Finance News Staff

An executive who has been with Consumer Portfolio Services for nearly 18 years is now the subprime auto finance company’s chief operating officer. According to an announcement sent to SubPrime Auto Finance News on Tuesday, CPS promoted Michael Lavin to be COO of the company that’s been working with... Read More

Tuesday, July 9, 2019 - 10:37am

SubPrime Auto Finance News Staff

Davis & Gilbert partner Joseph Cioffi reiterated his position that subprime auto finance portfolio performance is expected to deteriorate soon. Cioffi first made that assertion through a 360-degree market study released by Credit Chronometer, a microsite he authors. Nick asked him to elaborate during this... Read More

Monday, July 8, 2019 - 11:21am

SubPrime Auto Finance News Staff

Platinum Auto Finance is beginning the second half of 2019 with significantly more financial resources. The Clearwater, Fla.-based subprime auto finance company leveraged its relationship with Finitive, a financial technology platform providing institutional investors with direct access to alternative lending... Read More