3 factors that influence employee compensation most

SubPrime Auto Finance News Staff

Automotive Personnel founder and chief executive officer Don Jasensky tackled one of the most challenging work elements facing both employers and employees — financial compensation. Jasensky, who established his human resources firm in 1989, pinpointed what he believes are three key influences on the figure that... Read More

SubPrime Auto Finance News Staff

Two well-known industry names — Black Book and defi SOLUTIONS — are working together again. On Monday, Black Book announced its history-adjusted valuations (HAV) data and resources will be integrated into an interface with defi SOLUTIONS. Editors explained history-adjusted valuations are a VIN-specific,... Read More

Alexander Koskey, Baker Donelson

The Consumer Financial Protection Bureau (CFPB) has issued its final rule adopting changes to Regulation P, which governs the requirements for financial institutions to issue privacy notices to its customers. The final rule implements new timing requirements for sending annual privacy notices pertaining to financial... Read More

SubPrime Auto Finance News Staff

The Consumer Financial Protection Bureau concentrated the auto-finance portion of its latest supervisory highlights on two of the most complicated matters when someone needs credit to acquire a vehicle — repossession and the application of insurance proceeds. Before deploying a repossession agent to find and take... Read More

SubPrime Auto Finance News Staff

Regional Acceptance Corp. (RAC) and Dealertrack Accelerated Title this week spelled out a pair of reasons why they’re now working together to create efficiencies in their payoff and title release process with dealers accepting vehicle in on trade. RAC, a finance company and a subsidiary of BB&T Corp.... Read More

SubPrime Auto Finance News Staff

The auto-finance industry passed another milestone as Equifax determined current portfolios collectively now exceed $1.25 trillion. However, subprime paper isn’t pushing the industry-wide figure higher as much as volume within that segment did a year ago. To get to the $1.27 trillion overall figure reported as... Read More

SubPrime Auto Finance News Staff

Fitch Ratings sifted through data generated by the subprime auto asset backed securities (ABS) market during the first half of the year. Analysts not only found four elements that are supporting the subprime ABS segment, but also more details about why certain vintages might not be performing as well. First looking into... Read More

23 industry leaders named to 3 CFPB advisory boards

SubPrime Auto Finance News Staff

Three boards containing 23 industry leaders now have an advisory voice in how the Consumer Financial Protection Bureau operates. Late last week, the bureau announced the appointment of new experts from outside the federal government to the Consumer Advisory Board, Community Bank Advisory Council and Credit Union... Read More