NY Honda dealer penalized nearly $500K by AG
Thursday, Jul. 12, 2018, 03:09 PM
SubPrime Auto Finance News Staff
The challenges of working with customers who might not be fluent in English has cost a New York franchised dealership nearly $500,000. New York attorney general Barbara Underwood recently announced a settlement requiring Bay Ridge Honda of Brooklyn to reform ... [Read More]
AFS Acceptance rebrands and rolls out broad expansion strategy
Wednesday, Jul. 11, 2018, 01:57 PM
SubPrime Auto Finance News Staff
Back in October 2015, AFS Acceptance chief executive officer Dov Szapiro explained why his company’s decision to sell 65 percent of its equity to Mexican finance institution Credito Real “could not have occurred at a better time.” Now this summer, ... [Read More]
How VSC coverage benefits finance companies and contract holders
Monday, Jul. 9, 2018, 03:32 PM
SubPrime Auto Finance News Staff
A recent blog post from GWC Warranty not only reiterated how your dealership customers can benefit immensely from a robust vehicle service contract, but the provider also emphasized how the finance company connected to the retail installment sales contract can ... [Read More]
Zurich adds service adviser training, integrates with MaximTrak Technologies
Monday, Jul. 9, 2018, 03:30 PM
SubPrime Auto Finance News Staff
Along with an integration with MaximTrak Technologies, Zurich North America also recently expanded its menu of services for dealers by adding service adviser training resources. One of the largest providers of F&I products and consultative training for dealerships in the ... [Read More]
KPA Services bolsters F&I offerings with AAS acquisition
Friday, Jul. 6, 2018, 02:35 PM
SubPrime Auto Finance News Staff
Risk management firm KPA Services recently announced that it closed on the acquisition of California-based Auto Advisory Services (AAS). The firm highlighted that its transaction that came to fruition on May 31 strengthens KPA’s F&I offering through the addition of ... [Read More]
LAUNCHER.SOLUTIONS and General Forensics integrate to curtail power-booking
Friday, Jul. 6, 2018, 02:33 PM
SubPrime Auto Finance News Staff
LAUNCHER.SOLUTIONS, a technology provider specializing in subprime auto finance originations, announced a strategic integration partnership with General Forensics with the thought of helping finance companies to operate more intelligently. Playbook, a General Forensics technology, integrates with LAUNCHER.SOLUTION's appTRAKER Loan Origination ... [Read More]
Acquisition pushes Primeritus deeper into powersports space
Tuesday, Jul. 3, 2018, 02:50 PM
SubPrime Auto Finance News Staff
Primeritus Financial Services is looking to be the forwarding company of choice for finance companies that have more than just cars and trucks in their portfolio. Primeritus recently announced the acquisition of Capital Recovery Group (CRG). Based in Tucson, Ariz., ... [Read More]
Former Assurant, GE exec joins AUL as CFO
Monday, Jul. 2, 2018, 02:34 PM
SubPrime Auto Finance News Staff
AUL Corp. president and chief executive officer Jimmy Atkinson continued to bolster the company’s top management team. The administrator of vehicle service contracts recently appointed David Chang to the position of chief financial officer. Chang, who brings more than 20 ... [Read More]
PointPredictive chooses FICO expert to lead artificial intelligence scoring team
Monday, Jul. 2, 2018, 02:33 PM
SubPrime Auto Finance News Staff
PointPredictive recently added to its roster of experts tasked with helping auto finance companies combat fraud and other risks to their operations. PointPredictive announced that Mike Kennedy has joined the company as vice president of analytics to spearhead the growing ... [Read More]
S&P Global Ratings spots 1990s flashback in subprime ABS space
Thursday, Jun. 28, 2018, 03:06 PM
SubPrime Auto Finance News Staff
In some circles, 1990s fashion is back in style nowadays, and S&P Global Ratings is seeing trends within the subprime auto ABS market that resemble the time when Umbro shorts, the discman and tight-rolled pantlegs became popular. According to a ... [Read More]
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