SubPrime Auto Finance News Staff

ChannelNet announced a strategic partnership this week with White Clarke Group to offer an end-to-end financing solution to the global asset finance market. The partnership offers asset finance companies an integrated customer and dealer-facing platform that can automate the overall management of the customer... Read More

GrooveCar unveils newly designed website

SubPrime Auto Finance News Staff

A project that took roughly six months came to fruition in an attempt to help credit unions fill their auto finance portfolios. This week, GrooveCar launched its new corporate website designed to deliver a greater level of engagement for its credit union partners as they seek the latest expertise on auto finance... Read More

Nick Zulovich, Senior Editor

As the Consumer Financial Protection Bureau continues to modify how it operates, more than a dozen state attorneys general are pushing the CFPB not to change its practices regarding consumer complaints. New York attorney general Barbara Underwood recently led a coalition of 14 attorneys general in urging the CFPB to... Read More

SubPrime Auto Finance News Staff

Additional survey results from Protective Asset Protection could provide information that F&I managers are seeking as part of their pitch to vehicle buyers about service contracts and other ancillary products. The provider of F&I programs, services and dealer-owned warranty programs recently announced... Read More

SubPrime Auto Finance News Staff

Global Lending Services, Credit Acceptance and Consumer Portfolio Services all have been active in the securitization space during the past 60 days; moves by the subprime auto finance companies that involved more than $1.1 billion in value. The most recent move arrived this week as Kroll Bond Rating Agency (KBRA)... Read More

CFPB disbands Consumer Advisory Board

SubPrime Auto Finance News Staff

An official from the Consumer Financial Protection Bureau described this week’s moves as “transforming the way we engage.” Meanwhile, members of bureau’s Consumer Advisory Board called it a “firing.” The contrasting views about this segment of the regulator surfaced through a CFPB... Read More

Nick Zulovich, Senior Editor

Dave Kennedy and Les McCook of the American Recovery Association shared some vivid anecdotes originating from meetings with Jack Tracey and Joel Kennedy of the National Automotive Finance Association along with leadership of close to 30 finance companies with large and small portfolios. “They saw the hardship that... Read More

SubPrime Auto Finance News Staff

When GWC Warranty announced several additions to its sales leadership team, the provider of used-vehicle service contracts sold through dealers didn’t go with “green peas” to fill these positions. This week, GWC Warranty highlighted that five newly created regional sales manager (RSM) positions were... Read More