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CFPB report notes continued servicemember frustration over GAP and other products
Tuesday, Jan. 29, 2019, 03:33 PM
SubPrime Auto Finance News Staff
Additional products sold to buyers during the financing process along with their terms and conditions continue to create issues for servicemembers, according to the newest report from the Consumer Financial Protection Bureau. The agency’s Office of Servicemember Affairs (OSA) monitors ... [Read More]
Darwin Automotive launches ‘Amazon-like’ checkout for F&I products
Monday, Jan. 28, 2019, 04:16 PM
SubPrime Auto Finance News Staff
Darwin Automotive wants finance office products to be as easy for used-vehicle buyers to purchase as their favorite items on Amazon. The F&I software provider recently announced the release of “Buy it Now” functionality as an addition to its Darwin ... [Read More]
National Auto Care expands board to 5 members
Monday, Jan. 28, 2019, 04:14 PM
SubPrime Auto Finance News Staff
National Auto Care (NAC) grew its board of directors to five by adding another member. The provider of F&I products nationwide recently announced the appointment of Michael Boyle to its board of directors. Boyle is the fifth member to join ... [Read More]
The negative impact of title release inefficiencies on finance company profits
Thursday, Jan. 24, 2019, 05:40 PM
SubPrime Auto Finance News Staff
Interest rates continue to increase the cost of buying a vehicle. Dealers and finance companies are well aware of concerns about affordability, consumer access to credit and softening new-vehicle sales. Because of that, dealers and finance companies are exploring new ... [Read More]
DriveItAway lands partnership to get free credit repair for Lyft and Uber drivers
Wednesday, Jan. 23, 2019, 01:00 PM
SubPrime Auto Finance News Staff
Lyft and Uber drivers not only might have a path to generate funds for a down payment when acquiring a vehicle at certain dealerships, they also could take advantage of a solution to help their credit situation. DriveItAway, a company ... [Read More]
Allied Solutions revamps tool for recovery and insurance tracking
Monday, Jan. 21, 2019, 03:39 PM
SubPrime Auto Finance News Staff
Just ahead of the American Financial Services Association’s Vehicle Finance Conference, Allied Solutions announced the restructuring of its claims and recovery product, REPOPlus & Track. The provider of insurance, lending and marketing products to financial institutions in the U.S. for more ... [Read More]
AUL Corp. adds VP of national sales to bolster executive team
Friday, Jan. 18, 2019, 03:32 PM
SubPrime Auto Finance News Staff
An executive from another provider of vehicle service contracts, who also spent several years running franchised dealerships, now is with AUL Corp. AUL president and chief executive officer Jimmy Atkinson on Thursday appointed automotive veteran Paul McCarthy to the position ... [Read More]
Hudson Cook rolls out 8th edition of CARLAW F&I Desk Book
Friday, Jan. 18, 2019, 03:30 PM
SubPrime Auto Finance News Staff
The Hudson Cook team has been in writing mode, and the results are its latest resource to help dealerships and finance office professionals. CounselorLibrary.com, the publisher of multiple products and resources for the consumer financial services and privacy industries, on ... [Read More]
KAR shifts White to executive role at PAR North America
Thursday, Jan. 17, 2019, 03:45 PM
SubPrime Auto Finance News Staff
KAR Auction Services selected one of its executives who has been with the company for a decade for a role with its business unit — PAR North America — a provider of vehicle transition services with coast-to-coast solutions for recovery ... [Read More]
Defaults close 2018 by sending ‘caution signal’
Thursday, Jan. 17, 2019, 03:42 PM
SubPrime Auto Finance News Staff
Experts who compile the S&P/Experian Consumer Credit Default Indices described the readings to close 2018 as a "caution signal." This week, the teams from S&P Dow Jones Indices and Experian released their default data through December, and they spotted a ... [Read More]
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