Another federal judge calls CFPB unconstitutional
Friday, June 22, 2018 - 11:36am
Spireon rolls out new features of GoldStar GPS at NIADA
Wednesday, June 20, 2018 - 11:26am
Wednesday, June 20, 2018 - 11:26am
This week during the National Independent Automobile Dealers Association’s Expo and Convention, Spireon introduced Quick Locate, the latest feature of its GoldStar GPS solution. The company highlighted Quick Locate can provide dealers and subprime auto finance companies instant visibility to vehicle location and... Read More
Procon Analytics debuting AI-driven risk mitigation tool at NIADA
Wednesday, June 20, 2018 - 11:24am
Wednesday, June 20, 2018 - 11:24am
Advantage GPS, a Procon Analytics company that can capture and translate raw data into actionable business intelligence, announced it will debut its recently released AI-artificial intelligence-driven vehicle finance platform this week at the National Independent Automobile Dealers Association Convention in Orlando,... Read More
Predictable spring helps subprime ABS make improvements
Monday, June 18, 2018 - 11:20am
Monday, June 18, 2018 - 11:20am
It’s been a predictable spring for the U.S. auto loan asset-backed securities (ABS) market, and S&P Global Ratings said that’s been a good thing. It was so good, in fact, that one subprime-specific metric made a positive move for the first time in six months. According to the firm’s latest... Read More
4 potential benefits of ChannelNet and White Clarke Group partnership
Friday, June 15, 2018 - 10:50am
Friday, June 15, 2018 - 10:50am
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
Friday, June 15, 2018 - 10:47am
Friday, June 15, 2018 - 10:47am
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
Consumers, dealers and OEMs all likely to feel impact of latest interest-rate uptick
Thursday, June 14, 2018 - 11:57am
Thursday, June 14, 2018 - 11:57am
Cox Automotive is seeing how actions by the Federal Open Market Committee (FOMC) at the Federal Reserve is impacting auto-financing activities as well as other major segments of the automotive space. Cox Automotive chief economist Jonathan Smoke recapped that the FOMC voted unanimously on Wednesday to increase the... Read More
Positive signs for delinquency in Q1
Wednesday, June 13, 2018 - 12:50pm
Wednesday, June 13, 2018 - 12:50pm
Perhaps the tightening of underwriting is leading to stabilization of delinquencies on the cusp of repossession as well as a bit of an improvement among those contracts that are behind but could possibly be brought back current. The newest State of the Automotive Finance Market Report from Experian Automotive indicated... Read More
14 AGs push back to keep CFPB complaint database publicly available
Wednesday, June 13, 2018 - 12:23pm
Wednesday, June 13, 2018 - 12:23pm
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