Survey: 27% of consumers do not review their credit report annually
Wednesday, Oct. 2, 2024, 10:57 AM
Edmunds: Average amount financed for used cars drops in Q3
Tuesday, Oct. 1, 2024, 10:00 AM
FTC reiterates use of ‘plain language’ associated with regulatory activities
Monday, Sep. 30, 2024, 11:35 AM
CPS integrates with Informed.IQ’s Dealer Verify tool
Monday, Oct. 7, 2024, 11:41 AM
SubPrime Auto Finance News Staff
Consumer Portfolio Services on Monday announced the successful integration of Informed.IQ’s Dealer Verify tool into its origination process. The subprime auto finance company said this advanced solution driven by artificial intelligence can enhance the dealer experience by automatically verifying stipulations, ... [Read More]
PayNearMe bolsters collaboration with PayPal
Monday, Oct. 7, 2024, 11:40 AM
SubPrime Auto Finance News Staff
Last week, PayNearMe announced an expansion of its strategic collaboration with PayPal. The companies highlighted that the expanded integration with PayPal’s full stack processing capabilities for both payments and disbursements into the PayNearMe platform can help increase reliability and expand ... [Read More]
FTC emphasizes relevance of Holder Rule nearly 50 years after implementation
Friday, Oct. 4, 2024, 10:11 AM
SubPrime Auto Finance News Staff
It’s been nearly 50 years since the Federal Trade Commission rolled out the Trade Regulation Rule Concerning Preservation of Consumers’ Claims and Defenses, better known in compliance circles as the Holder Rule. While much has developed in almost five decades ... [Read More]
Line\5 & Pauldron partner for vehicle protection plans with smoother financing
Monday, Sep. 30, 2024, 11:26 AM
SubPrime Auto Finance News Staff
Last week, Line\5, a provider of financing solutions for vehicle protection plans, announced a strategic partnership with Pauldron to help dealerships offer a comprehensive suite of protection products, including vehicle service contracts, dent and ding coverage, tire and wheel protection, ... [Read More]
Credit conditions & consumer confidence moving in opposite directions
Friday, Sep. 27, 2024, 10:17 AM
SubPrime Auto Finance News Staff
Credit conditions are improving, but consumer confidence is sagging. Those are the primary assertions from S&P Global Ratings and the Conference Board from their newest insights released this week. S&P Global Ratings said credit conditions for borrowers in North America ... [Read More]
LegalShield: Spiking consumer financial stress ‘not a fluke’
Thursday, Sep. 26, 2024, 11:32 AM
SubPrime Auto Finance News Staff
LegalShield said this week when examining consumers’ finances that the “jump in stress is not a fluke.” Following the steepest surge in the study’s 22-year history, the August reading of the LegalShield Consumer Stress Legal Index (CSLI) ticked up 0.1 ... [Read More]
New ValidiFI report reinforces importance of spotting high-risk indicators of ACH transactions
Wednesday, Sep. 25, 2024, 11:10 AM
SubPrime Auto Finance News Staff
Arranging ACH payments for contract holders to stay current on their auto financing used to be as sure a thing as finance companies could have to keep their portfolios healthy. But like many circumstances, it appears things aren’t quite what ... [Read More]