AutoPayPlus sees client demand necessitate 30% growth in workforce
Friday, Jul. 26, 2024, 10:23 AM
SubPrime Auto Finance News Staff
AutoPayPlus has good reasons to be in a celebratory mood this summer. The payment processing company recently hosted an employee gathering because AutoPayPlus’ workforce has grown by 30% year-over-year, sparked in part because of “innovative business process enhancements, increasing customer ... [Read More]
CFPB circular focuses on whistleblowing guidelines for financial institutions
Thursday, Jul. 25, 2024, 10:39 AM
SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau (CFPB) is blowing a whistle, so to speak, about whistleblowing. On Wednesday, the bureau issued a circular to law enforcement agencies and regulators explaining how companies may be breaking the law by requiring employees to ... [Read More]
Loanbridge.AI & AutoSquared.AI partner to speed up repossessions & trim impound fees
Wednesday, Jul. 24, 2024, 11:35 AM
SubPrime Auto Finance News Staff
With Cox Automotive chief economist Jonathan Smoke making note of them this week, vehicle repossessions might be an even higher priority for finance companies nowadays. To help with the situation, Loanbridge.AI and AutoSquared.AI reiterated their partnership is aimed to improve ... [Read More]
Glenview Finance rolls out eContracting platform
Tuesday, Jul. 23, 2024, 11:30 AM
SubPrime Auto Finance News Staff
Glenview Finance’s Credit Builder subprime financing platform recently debuted its new eContracting system. The company said it’s a comprehensive solution that can have deals funded in less than an hour. Glenview Finance sees this new system as dramatically improving the ... [Read More]
PODCAST: Latest views on fraud & ransomware with Point Predictive’s Frank McKenna
Friday, Jul. 19, 2024, 10:17 AM
SubPrime Auto Finance News Staff
Point Predictive’s Frank McKenna returned for another episode of the Auto Remarketing Podcast for a discussion about what’s happening on the fraud front. McKenna recapped his keynote appearance at this year’s Non-Prime Auto Financing Conference hosted by the NAF Association ... [Read More]
Kontos: ‘Inflation dragon has not been slain’
Thursday, Jul. 18, 2024, 11:08 AM
Nick Zulovich, Senior Editor
While members of the Federal Reserve spoke publicly this week about movements associated with inflation and data that’s indicating them, ADESA chief economist Tom Kontos was a little more hesitant when giving his assessment about inflation to Cherokee Media Group. ... [Read More]
ARA reacts to Supreme Court overturning Chevron Doctrine
Wednesday, Jul. 17, 2024, 02:02 PM
SubPrime Auto Finance News Staff
The American Recovery Association board sent an industry message this week, reacting to the Supreme Court’s 6-3 decision overturning what’s been widely known in legal circles as the Chevron Doctrine. ARA first gave a brief explanation of what the Chevron ... [Read More]