Wednesday, April 24, 2019 - 11:57am

SubPrime Auto Finance News Staff

Along with sharing details about a new affiliate benefit program, Digital Recognition Network (DRN) handed out its annual awards to companies that have demonstrated excellence in the repossession industry. During an appreciation dinner in conjunction with the 2019 North American Repossessors Summit, DRN highlighted that... Read More

Wednesday, April 24, 2019 - 11:53am

SubPrime Auto Finance News Staff

Vision Dealer Solutions went to academia to solve complicated computations finance offices regularly face. The provider that offers VisionMenu, in collaboration with Purdue University Fort Wayne, released a lease payment solver that officials said this week will essentially reverse-engineer the setups for lease... Read More

Wednesday, April 24, 2019 - 11:53am

SubPrime Auto Finance News Staff

Toyota Financial Services evidently really likes the results the captive receives from Millennium Capital and Recovery Corp., since the auto-finance provider gave another honor to the forwarding company. TFS recently handed its Recovery Services Excellence Award to Millennium Capital and Recovery as part of... Read More

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

Tuesday, April 16, 2019 - 11:23am

SubPrime Auto Finance News Staff

Maybe now that both the first quarter and Tax Day are both in the rear-view mirror, perhaps the handwringing over the delinquency rate spotted at the end of 2018 can be completely squashed based on the newest default data shared on Tuesday by S&P Dow Jones Indices and Experian. The auto finance reading of the March... Read More