Dealerships often face the challenge of their potential buyers bringing a sizeable amount of negative equity with them via their trade, creating a hurdle to get a deal bought within their network of finance companies. Times have changed tremendously, based ... [Read More]

The pandemic put the kibosh on any in-person festivities AUL Corp. had planned a year ago to celebrate its 30th anniversary. But the full-service F&I provider certainly is pretty jovial since the company still had reasons to revel thanks to ... [Read More]

Portfolio’s newest board member certainly has significant familiarity with how the F&I industry functions. The company announced this week that Kelly Price has been appointed executive vice president of strategic ventures and has joined the company’s board of directors. Price ... [Read More]

The auto default rate now has been below the 1% level for 15 consecutive months, according to data assembled by S&P Dow Jones Indices and Experian. The streak continued thanks to a small dip in the auto segment of the ... [Read More]

In more signs that the industry is returning to some normalcy, the Receivables Management Association International (RMAI) held its 2021 annual conference in Las Vegas earlier this month, welcoming more than 500 attendees in person and another 150 virtual attendees ... [Read More]

The American Recovery Association’s relationship with its newest industry partner recently produced more fruit to help members. Through its latest industry whitepaper, ARA highlighted that Bassford Remele takes a closer look at problematic provisions in a boilerplate clause, including: • ... [Read More]

Similar to an extensive response by the American Financial Services Association, Kroll Bond Rating Agency (KBRA) also refuted recent assertions by the Wall Street Journal that extrapolated TransUnion data to say that more than 9% of subprime auto financing was ... [Read More]

Defaults are a bad outcome for both lenders and borrowers, and research shows that the mismatched timing between a person’s income and their bills is one of the most common reasons for these financial shortfalls. A new behavioral science experiment ... [Read More]

Equifax recently expanded its offerings connected with alternative data so finance companies still can cater to consumers with thin files or soft credit backgrounds. Developed in partnership with Urjanet, Equifax introduced Payment Insights, a cloud-based solution that promotes greater financial ... [Read More]

SWBC now possesses a stronger foothold in the auto-finance market through acquisition. Last week, SWBC announced that it recently acquired the auto claims division of DIMONT, one of the largest providers of specialty insurance and loan administration services to the ... [Read More]