Friday, January 24, 2020 - 10:35am

SubPrime Auto Finance News Staff

Two dozen state attorneys general are joining their legal horsepower together to support their federal regulatory colleagues in what they believe is a threat against consumer protections provided by the Dodd-Frank Act. This week, New York Attorney General Letitia James led a coalition of 24 attorneys general fighting to... Read More

Friday, January 24, 2020 - 10:35am

SubPrime Auto Finance News Staff

New information released this week by the Federal Trade Commission reinforced how widespread fraud is — and not just in the auto-finance industry. The FTC’s Consumer Sentinel Network received 3.2 million reports in 2019, including nearly 1.7 million fraud reports as well as identity theft and other reports.... Read More

Thursday, January 23, 2020 - 9:28am

Eric Holtzclaw, PossibleNOW

Rooted in increased regulation such as General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA) and general customer backlash, a growing emphasis on collecting consent and ensuring privacy of customer data exists. In this environment, the “cost” of compliance is a top of mind... Read More

Wednesday, January 22, 2020 - 12:00pm

Joel Kennedy, NAF Association

Editor’s note: This commentary is the first in a series compiled by Joel Kennedy, who is the current president of the National Automotive Finance Association and chief operating officer at TruDecision, looking at the intricacies of repossessions and recovery. The industry that locates borrowers and collateral,... Read More

Wednesday, January 22, 2020 - 11:42am

SubPrime Auto Finance News Staff

Coming off of a year when the company said it generated 40% growth on an annual basis, Loss Prevention Services announced plans this week for its new repossession management platform. The company highlighted that SysHub will provide a suite of administrative process and service enhancements that can offer a trio of... Read More

Wednesday, January 22, 2020 - 11:38am

SubPrime Auto Finance News Staff

A nonprofit auto-finance organization launched in Dallas in 2013 and certified by the federal government received quite an injection of funding this week from Goldman Sachs. On the Road Lending announced on Tuesday that it received a loan of up to $10 million from the Goldman Sachs Urban Investment Group to fuel... Read More

Tuesday, January 21, 2020 - 10:15am

SubPrime Auto Finance News Staff

  The auto default rate in December came in at the same pace analysts spotted during the previous month and at nearly the same level or even much lower than what they noticed to close the calendar going back 10 years. According to data through December released by S&P Dow Jones Indices and Experian on Tuesday, the... Read More

Monday, January 20, 2020 - 11:43am

SubPrime Auto Finance News Staff

Equifax recently made another move to give its auto-finance company clients a more vivid picture of what their applicants’ credit background truly might be. The Automotive Intelligence Council member announced new direct-to-consumer partnerships with Esusu, MoCaFi and Zingo that Equifax said will help develop a... Read More