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Friday, March 27, 2020 - 10:21am
Trace Ledbetter, State National Companies
Thursday, March 26, 2020 - 9:14am
SubPrime Auto Finance News Staff
Friday, March 27, 2020 - 9:40am
SubPrime Auto Finance News Staff
Wednesday, March 25, 2020 - 10:19am
Wednesday, March 25, 2020 - 10:19am
SubPrime Auto Finance News Staff
The American Recovery Association issued a message late Tuesday, acknowledging the immense problem the coronavirus pandemic is causing when it comes to collections and vehicle repossessions. As more states and municipalities issue stay-at-home orders, ARA has tried to get clarity from officials about how businesses... Read More
Wednesday, March 25, 2020 - 10:07am
Wednesday, March 25, 2020 - 10:07am
SubPrime Auto Finance News Staff
In light of the marketplace nowadays being filled with as much uncertainty since the financial crisis of 12 years ago, a new survey published recently by S&P Global Market Intelligence examined how portfolio management processes have been evolving to account for environmental, social and governance factors... Read More
Tuesday, March 24, 2020 - 11:50am
Tuesday, March 24, 2020 - 11:50am
SubPrime Auto Finance News Staff
With guidelines to contain the spread of COVID-19 also suffocating regular activity of financing and retailing vehicles, the auto-finance industry continues to make adjustments to shore up their businesses and maintain contact and services to customers. Cherokee Media Group gathered together the latest information to... Read More
Monday, March 23, 2020 - 2:46pm
Monday, March 23, 2020 - 2:46pm
SubPrime Auto Finance News Staff
The American Bankers Association. American Financial Services Association and the Consumer Bankers Association represented half of the industry groups that sent a letter on Sunday to the Securities and Exchange Commission (SEC) to delay implementation of the Current Expected Credit Loss (CECL) accounting standards. To... Read More
Monday, March 23, 2020 - 10:57am
Monday, March 23, 2020 - 10:57am
SubPrime Auto Finance News Staff
CallMiner is leveraging its 17 years of experience to offer a free webinar to help finance companies keep one of their most important departments functioning as the coronavirus impact intensifies — their call centers. CallMiner’s Steve Chirokas and Brian LaRoche are set to be joined by Donna Fluss of... Read More
Monday, March 23, 2020 - 10:44am
Monday, March 23, 2020 - 10:44am
SubPrime Auto Finance News Staff
Along with many finance companies offering their own programs, Experian also is accelerating and enhancing its financial education in response to the urgent and rapid changes associated with COVID-19. With expected delays in bill payments, unprecedented layoffs, hiring freezes and related hardships, Experian said on... Read More
Thursday, March 19, 2020 - 9:58am
Thursday, March 19, 2020 - 9:58am
SubPrime Auto Finance News Staff
Kroll Bond Rating Agency (KBRA) noticed seasonal improvement in February as analysts released their auto loan ABS update this week. However, much of KBRA’s latest discussion revolved around the impact COVID-19 is going to leave. But first, analysts reviewed their latest data that showed credit performance showed... Read More
Wednesday, March 18, 2020 - 2:56pm
Wednesday, March 18, 2020 - 2:56pm
SubPrime Auto Finance News Staff
Ally Financial took significant action to help both consumer and dealer customers who might be experiencing significant cash-flow issues triggered by the COVID-19 health crisis. In a news release distributed on Wednesday afternoon, Ally said existing loan customers will be allowed to defer payment for up to 120 days.... Read More