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Study details ‘pessimism’ about future subprime performance
Wednesday, May. 29, 2019, 06:44 PM
SubPrime Auto Finance News Staff
One of the experts set to appear during the upcoming 23rd annual Non-Prime Auto Financing Conference hosted by the National Automotive Finance Association doesn’t have upbeat expectations of how the subprime auto finance space will perform. Portfolio performance is expected ... [Read More]
CoreLogic rolls out 2 new tools for using alternative data, assessing potential tornado damage
Wednesday, May. 29, 2019, 06:40 PM
SubPrime Auto Finance News Staff
Along with rolling out a tool that’s designed to deliver precise damage exposure data from a tornadic event within minutes, CoreLogic on Wednesday launched a solution aimed at leveraging the capability of alternative credit data. The global property information, analytics ... [Read More]
FTC amends rules for FCRA disclosure and compliance
Wednesday, May. 29, 2019, 03:29 PM
SubPrime Auto Finance News Staff
Now is the time for dealerships and finance companies to check their documents in connection with the Fair Credit Reporting Act. Just before Memorial Day weekend, the Federal Trade Commission approved publication of a Federal Register notice announcing the rescission ... [Read More]
KPA names new president and CEO
Wednesday, May. 29, 2019, 03:27 PM
SubPrime Auto Finance News Staff
KPA acquired Compli earlier this year, and now the provider of environmental health and safety (EHS), HR management and F&I compliance software and services has a new president and chief executive officer. According to a news release distributed on Wednesday, ... [Read More]
RSIG and Allied Finance Adjusters to include 2 FBI experts during annual event
Wednesday, May. 29, 2019, 03:16 PM
SubPrime Auto Finance News Staff
Recovery Specialist Insurance Group (RSIG) and Allied Finance Adjusters are prepping for their annual gathering. REPO19 is set to begin on June 18 in Phoenix. Among the collection of experts set to speak during the three-day event, organizers highlighted the ... [Read More]
New Fed consumer survey and updated TransUnion data refute subprime stereotypes
Tuesday, May. 28, 2019, 03:14 PM
SubPrime Auto Finance News Staff
The narrative sometimes pushed by critics of subprime auto finance is that consumers who encounter financial problems in part because of their substantial vehicle payment turn to personal loans with interest rates sometimes higher than the ones connected to the ... [Read More]
Credit Acceptance adds COO to executive team
Friday, May. 24, 2019, 02:20 PM
SubPrime Auto Finance News Staff
Credit Acceptance Corp. created a new executive position this week and appointed an individual who has been with the company for 17 years to the position. According to a filing with the Securities and Exchange Commission posted on Thursday, Credit ... [Read More]
Auto defaults remain stable in April
Thursday, May. 23, 2019, 02:13 PM
SubPrime Auto Finance News Staff
Only once during the past 12 months has the auto finance default rate topped 1%. And the April reading remained steady on a sequential basis. This week, S&P Dow Jones Indices and Experian released data through April for the S&P/Experian ... [Read More]
TransUnion considers how quickly 2 auto-finance metrics might rise
Wednesday, May. 22, 2019, 03:38 PM
Nick Zulovich, Senior Editor
SubPrime Auto Finance News put Brian Landau on the spot a bit after TransUnion released its latest auto-finance data. The senior vice president and automotive business leader pondered the question about which of these milestones might happen first. Will the ... [Read More]
ALS Resolvion claims 2 industry awards
Wednesday, May. 22, 2019, 03:36 PM
SubPrime Auto Finance News Staff
ALS Resolvion, a nationwide skip-trace and repossession management firm, has been selected as an honorable mention winner within Digital Defense’s 2018 Client Recognition Award Program, which recognizes organizations that display the highest level of network security. This accolade arrived soon ... [Read More]
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