Latest Equifax data reflects depth of subprime volume slowdown
Thursday, August 9, 2018 - 10:51am
BillingTree elevates Hiland to VP of sales and business development
Wednesday, August 15, 2018 - 9:51am
Wednesday, August 15, 2018 - 9:51am
Payment technology provider BillingTree recently announced Jason Hiland has been appointed vice president of sales and business development for ARM and financial services. In this newly created position, Hiland oversees sales operations and initiatives to expand electronic payment and technology adoption to a broader... Read More
COMMENTARY: Discussion about CFPB’s structure about to get more interesting
Tuesday, August 14, 2018 - 10:13am
Tuesday, August 14, 2018 - 10:13am
Senior U.S. District Judge for the Southern District of New York Loretta Preska issued an opinion on June 21 that has set the consumer finance world atwitter, sparking discussions of a potential review by the Supreme Court. In her opinion, Preska, a 1992 George H.W. Bush appointee, ruled that the structure of the... Read More
RideShare Knight details 7 coverage plans for ride-sharing vehicles
Friday, August 10, 2018 - 10:50am
Friday, August 10, 2018 - 10:50am
After initially launching this spring, RideShare Knight offered more details about its vehicle service contract for Uber and Lyft drivers working in the ride-sharing economy today, launching a total of seven coverage plans. Including multiple tiered plan options within each new coverage package, RideShare Knight... Read More
Moxy Solutions and Redshield join F&I Express
Friday, August 10, 2018 - 10:48am
Friday, August 10, 2018 - 10:48am
Moxy Solutions, a tool designed to streamline the sales and deal-closing process, joined the F&I Express platform this week. The company added that this integration will also add aftermarket provider, Red Shield, to the F&I Express network of more than 160 providers. IMOXY can provide an easy way to monitor... Read More
ARA and TalentValue unveil revamped job listing site
Wednesday, August 8, 2018 - 1:58pm
Wednesday, August 8, 2018 - 1:58pm
Another way for repossession agencies to find the personnel they need recently launched. The American Recovery Association (ARA), in partnership with TalentValue, recently rolled out an improved ARA Job Board at repojobs.us. It’s part of the association’s ongoing member recruitment strategy with... Read More
Analyzing why private equity wants back in non-prime market
Tuesday, August 7, 2018 - 10:50am
Tuesday, August 7, 2018 - 10:50am
The market fundamentals in non-prime are signaling positive. A strong economy and low unemployment are contributing to stabilization in consumer credit scores. Auto defaults are at the lowest point with one full quarter of improvements under the belt. There continue to be new auto bond issuances, and the spreads on... Read More
4 specific areas where F&I trust can be built
Monday, August 6, 2018 - 11:13am
Monday, August 6, 2018 - 11:13am
GWC Warranty acknowledged that perhaps the most difficult obstacle to overcome in the dealership F&I office is getting customers to trust that the products store personnel are offering will be worth the added cost. The provider of used-vehicle service contracts sold through dealers insisted in a recent blog post... Read More
FTC charges 4 dealers with illegally enhancing credit applications
Friday, August 3, 2018 - 10:15am
Friday, August 3, 2018 - 10:15am
Embellishing “stips” to enhance the figures sent to finance company underwriting departments landed a quartet of dealerships in trouble with a top federal regulator. This week, the Federal Trade Commission charged a group of four dealers operating in Arizona and New Mexico, near the border of the Navajo... Read More