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SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here
Path to delivering education in Spanish with Ignite Dealer Compliance Group
Steve Levine has dozens of dealer clients with Spanish as their native language. Those dealers also have hundreds of Hispanic customers who cannot speak or understand English. To fill compliance and training gaps created by language challenges, the owner of ... Listen Here

House lawmakers look for discrimination as finance rates jump again in April

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SubPrime Auto Finance News Staff
With U.S. House lawmakers set to conduct a hearing on Wednesday to examine the rising costs and potential discrimination happening in auto financing, the April data shared by Edmunds and Kelley Blue Book showed how much more consumers stretched to ... [Read More]

S&P Global Ratings spots 5 trends as subprime ABS stabilizes

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SubPrime Auto Finance News Staff
After reviewing first-quarter data connected with U.S. subprime auto loan asset-backed securities (ABS), S&P Global Ratings discovered cumulative net losses appear to have stabilized, albeit at “relatively high levels,” according to its newest report released on Tuesday. On a segment ... [Read More]

2019 Chambers USA Guide honors 3 Hudson Cook attorneys

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SubPrime Auto Finance News Staff
More accolades went Hudson Cook’s way as three members of its legal team collected honors from the 2019 Chambers USA Guide. Michael Benoit, Nikki Munro and Jean Noonan were recently ranked in the 2019 Chambers USA Guide for Financial Services ... [Read More]

700Credit integrates with AppOne Dealer Portal to help powersports stores

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SubPrime Auto Finance News Staff
Officials from 700Credit, which provides credit reports, compliance solutions and soft-pull products and services, recently finalized another integration aimed at streamlining delivery to be as fast as the weekend toys that powersports dealers sell. AppOne integrated 700Credit’s credit and compliance ... [Read More]

PossibleNOW acquires PACE Regulatory Guide

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SubPrime Auto Finance News Staff
PossibleNOW reinforced its compliance resources this week that could benefit the marketing efforts and dealerships and finance companies. The provider of Do Not Contact direct marketing compliance and enterprise consent and preference management solutions, announced the acquisition of the Professional ... [Read More]

Pennsylvania Honda store settles with state AG over ‘valueless’ warranties

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SubPrime Auto Finance News Staff
Faulkner Honda recently reached a settlement that includes restitution for consumers for what Pennsylvania attorney general Josh Shapiro described as deceptive and unfair sales of a “valueless” warranty product. According to a news release, an investigation by the attorney general’s ... [Read More]

Industry input prompts CFPB to revise policies involving CIDs

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Nick Zulovich, Senior Editor
Perhaps reinforcing an outline shared during the director’s public appearance just a few days earlier, the Consumer Financial Protection Bureau this week announced changes to policies regarding civil investigative demands (CIDs). The regulator said the actions are designed to ensure ... [Read More]

DRN honors 10 agencies as part of 2019 National Affiliate of the Year Awards

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SubPrime Auto Finance News Staff
Along with sharing details about a new affiliate benefit program, Digital Recognition Network (DRN) handed out its annual awards to companies that have demonstrated excellence in the repossession industry. During an appreciation dinner in conjunction with the 2019 North American ... [Read More]

Millennium Capital and Recovery captures another award from Toyota’s captive

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SubPrime Auto Finance News Staff
Toyota Financial Services evidently really likes the results the captive receives from Millennium Capital and Recovery Corp., since the auto-finance provider gave another honor to the forwarding company. TFS recently handed its Recovery Services Excellence Award to Millennium Capital and ... [Read More]

3 mathematics experts create VisionMenu lease payment tool

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SubPrime Auto Finance News Staff
Vision Dealer Solutions went to academia to solve complicated computations finance offices regularly face. The provider that offers VisionMenu, in collaboration with Purdue University Fort Wayne, released a lease payment solver that officials said this week will essentially reverse-engineer the ... [Read More]

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