Monday, April 22, 2019 - 10:50am

SubPrime Auto Finance News Staff

First Investors Financial Services (FIFS) is now using a pair of cloud-based loan solutions fueled by defi SOLUTIONS. Officials highlighted the Houston-based subprime auto finance company went live on the defi loan origination and analytics systems (defi LOS and defi ANALYTICS) in just four months. “We needed... Read More

Thursday, April 18, 2019 - 10:42am

SubPrime Auto Finance News Staff

PointPredictive chief fraud strategist Frank McKenna joined Nick for the episode that focused on the achievements of the Auto Fraud Consortium, a wide-ranging collection of finance companies that are collaborating to reduce the volume of fraudulent paper infecting their portfolios. McKenna explained how the confidential... Read More

Wednesday, April 17, 2019 - 9:57am

SubPrime Auto Finance News Staff

For the second time leading into this week’s North American Repossessors Summit (NARS), Recovery Industry Services Co. (RISC) is bolstering its offerings. Through its relationship with Hudson Cook, RISC announced it has completed a significant update to the Certified Asset Recovery Specialist (CARS) National... Read More

Wednesday, April 17, 2019 - 9:50am

SubPrime Auto Finance News Staff

Indiana attorney general Curtis Hill is pursuing legal action against another dealership promotions company over allegations of deceptive advertising that included thousands of dollars in prizes and promotions of special financing connected with monthly payments of less than $100. In a civil lawsuit filed April 4 in... Read More

Monday, April 15, 2019 - 11:28am

SubPrime Auto Finance News Staff

Consumer survey results discovered by PenFed Credit Union reinforced the importance vehicle buyers place on securing a monthly payment that fits their budgets. The findings arrived as the newest Cox Automotive analysis showed purchasing both new and used vehicles is becoming a more expensive endeavor. Cox Automotive... Read More

Friday, April 12, 2019 - 12:00pm

SubPrime Auto Finance News Staff

Here’s another collaborative effort to present information to consumers who want to know if the vehicle in your inventory might fit within the potential terms the finance company could provide — especially in the subprime segment. Equifax and Credit Bureau Connection (CBC) are joining forces to offer dealers... Read More

Thursday, April 11, 2019 - 10:00am

SubPrime Auto Finance News Staff

Black Book and Fitch Ratings delivered seven key findings along with other projections as a part of its latest joint U.S. vehicle depreciation and auto asset backed securities (ABS) report released on Thursday. Black Book is forecasting an annual depreciation rate of 15% in 2019 as the supply of used cars and trucks... Read More

Wednesday, April 10, 2019 - 12:23pm

SubPrime Auto Finance News Staff

Repossession agents and other recovery industry professionals looking to sharpen their skip-training efforts have another resource on the horizon. Recovery Industry Services Co. (RISC), a provider of compliance education and training services, announced on Tuesday that it will be releasing an updated version of the... Read More