SubPrime Auto Finance News Staff

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

SubPrime Auto Finance News Staff

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

SubPrime Auto Finance News Staff

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

SubPrime Auto Finance News Staff

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

SubPrime Auto Finance News Staff

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

SubPrime Auto Finance News Staff

Extended warranty product provider Protect My Car has new ownership. On Thursday, Protect My Car (PMC) announced that funds managed by Crestview Partners, together with members of PMC’s management team, have completed the acquisition of the company from a private investor group. According to a news release,... Read More

Nick Zulovich, Senior Editor

Regularly, alerts and messages arrive in my inbox containing some kind of enforcement action against a dealership or finance company. Oftentimes, my approach is just stick with the facts of the matter contained in a press release, share the developments through our channels here at Cherokee Media Group and carry on with... Read More

SubPrime Auto Finance News Staff

Only three states posted 60-day delinquency rates above 1 percent during the second quarter, according to Experian’s State of the Automotive Finance Market report. Overall, analysts found that 60-day delinquencies dropped by 3 basis points year-over-year, settling at 0.64 percent during Q2. The top 10 states... Read More