SubPrime Auto Finance News Staff

Wells Fargo said Friday it has entered consent orders with the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau, under which the company will have to pay civil penalties totaling $1 billion. The consent orders with the OCC and CFPB deal with matters involving Wells Fargo’s... Read More

SubPrime Auto Finance News Staff

Along with an effort to raise awareness and funds for Special Olympics NY, GrooveCar is running its annual April Auto Sales Event starting on Friday through its network of participating credit unions and dealerships. Credit unions in the New York region publicize the event to more than 1 million members with the message... Read More

Zurich now available on Darwin Automotive

SubPrime Auto Finance News Staff

Darwin Automotive’s menu for dealership F&I departments became even more robust this week. Darwin announced that it has added Zurich North America’s F&I products to the Darwin core F&I menu, as well as Darwin digital retailing and service menu. “We are thrilled to add access to... Read More

SubPrime Auto Finance News Staff

Another example of industry cooperation in the repossession world came to light on Wednesday. Consolidated Asset Recovery Systems (CARS) announced that the forwarding company has integrated its IBEAM repossession and remarketing compliance portal with the Clearplan dashboard used by repossession agents to manage work... Read More

SubPrime Auto Finance News Staff

The auto industry relationship involving Jim Calvert and David Gryglewicz dates back several years, and now the pair has collaborated to form a new company designed to improve repossessions, recoveries and remarketing. This new operation — ENDTRUST — looks to provide all the administration and... Read More

SubPrime Auto Finance News Staff

Dealers now have another option for helping their potential customers learn about their financial capacity as their searching store inventory. Automotive website and digital marketing company Dealer eProcess recently announced that it has signed with CreditMiner for soft pull technology, delivering a brand-new... Read More

Cort DeHart, MBSi Corp.

Data driven insights are increasingly bringing new perspectives on the usefulness of long-established processes and practices. Over the last few years, MBSi Corp. has begun to dive deeply into the tens of millions of repossession-related data points contained within its iRepo database in an effort to discover new insights,... Read More

SubPrime Auto Finance News Staff

A trio of executives from Primeritus Financial Services described how much it meant to receive a special honor from Ally Financial. On Tuesday, Primeritus, a leading provider of recovery management, skip-tracing and remarketing services for the auto finance industry in the U.S., announced that it has received Ally... Read More