S&P Global Ratings recently offered more analysis as to how it examines subprime auto loan asset-backed securities (ABS) issuers in light of what the firm described as an increasingly noticeable trend. The firm explained that certain U.S. subprime auto loan ... [Read More]

On Thursday, Credit Acceptance Corp. announced the completion of a $398.3 million asset-backed non-recourse secured financing. Pursuant to this transaction, the subprime auto finance company said it contributed installment contracts of a net book value of approximately $500.1 million to ... [Read More]

The c-level executive team at defi SOLUTIONS now has grown by three members so far this year. The latest addition is Jason Zubrick as chief technology officer. Zubrick comes to defi SOLUTIONS with nearly 20 years’ software architecture experience, most ... [Read More]

The polar opposite reaction to a one-vote margin of passage within the Senate Banking Committee reinforced why the nomination of Kathy Kraninger by President Trump to be the next director of the Consumer Financial Protection Bureau appears to be so ... [Read More]

It might only be August, but the American Recovery Association (ARA) already has April on its radar. ARA in conjunction with headline sponsor, Harding Brooks Insurance, announced the theme, secured keynote speakers and early bird registration details for the 11th ... [Read More]

For consumers who needed a subprime auto finance company to accept their application because of a soft credit profile, Merchant Partners and Acima Credit are collaborating to assist those same individuals who encounter financial hardship stemming from vehicle repair. The ... [Read More]

Finance companies that use the defi SOLUTIONS platform now have additional tools to combat fraud. PointPredictive, a leading provider of machine learning fraud and misrepresentation solutions, announced on Wednesday that its Auto Fraud Manager 2.0 and DealerTrace 2.0 solutions are ... [Read More]

The seasonal upturn in auto defaults typically seen during the middle month of summer surfaced again based on the latest information from S&P Dow Jones Indices and Experian. According to data through July for the S&P/Experian Consumer Credit Default Indices ... [Read More]

Nine Hudson Cook attorneys were recently selected for inclusion in the 2019 edition of The Best Lawyers in America, up from five recognized a year ago. Attorneys named to The Best Lawyers in America were recognized by their peers in ... [Read More]

Millennium Capital and Recovery Corp. sees its latest partnership as the combination of “intelligent automation and human ingenuity.” The provider of nationwide recovery management and related services as well as the lead sponsor of Repo Con at Used Car Week ... [Read More]