Key House member looking for wide-sweeping credit bureau changes
Friday, Oct. 13, 2017, 02:08 PM
SubPrime Auto Finance News Staff
The Equifax data breach is continuing to impact Experian and TransUnion, too. First, New York’s attorney general asked for formal meetings as the Empire State intensified its financial services regulations. Now this week, Chief Deputy Whip Patrick McHenry, who also ... [Read More]
Nicholas Financial among ACI Worldwide’s 2017 Innovation Award winners
Friday, Oct. 13, 2017, 02:06 PM
SubPrime Auto Finance News Staff
ACI Worldwide, one of the more than 60 exhibitors set to share their expertise during Used Car Week, recently announced the winners of the 2017 ACI Innovation Awards, with one of the recipients being a finance company that specializes in ... [Read More]
Resilient economy keeps interest rates stable
Thursday, Oct. 12, 2017, 02:37 PM
SubPrime Auto Finance News Staff
With two more opportunities to announce a move before the end of the year, trends are pointing toward the Federal Reserve using at least one of them to modify interest rates after passing on the chance this week. The Federal ... [Read More]
GrooveCar looking to help credit unions boost 20-percent market share
Wednesday, Oct. 11, 2017, 02:35 PM
SubPrime Auto Finance News Staff
Experian Automotive reported that credit unions held a 20.3-percent market share of all auto financing during the second quarter, up from 18.7 percent a year earlier. GrooveCar is looking to help credit unions boost the figure even more during this ... [Read More]
Crystal Fusion Technologies now a part of F&I Express’ aftermarket network
Wednesday, Oct. 11, 2017, 02:32 PM
SubPrime Auto Finance News Staff
This week, F&I Express welcomed Crystal Fusion Technologies to its network of aftermarket providers, which now total more than 140 companies. Crystal Fusion manufactures Ultra-Hydrophobic coatings for windshields to enhance visibility in bad weather and strengthen the glass. Crystal Fusion ... [Read More]
7 differences between career seekers and job seekers
Tuesday, Oct. 10, 2017, 02:37 PM
SubPrime Auto Finance News Staff
While Cox Automotive’s latest workforce study uncovered some startling data and Hireology presented some branding suggestions, Automotive Personnel chief executive officer Don Jasensky reiterated the seven differences he has seen between “job seekers” and “career seekers.” Jasensky insisted that “there ... [Read More]
Westlake part of third DOJ settlement in 13 months over SCRA violations
Tuesday, Oct. 10, 2017, 02:33 PM
SubPrime Auto Finance News Staff
For the third time in about 13 months, the Justice Department has reached a settlement with a finance company for violating the Servicemembers Civil Relief Act (SCRA) in connection with vehicle repossessions. This time Westlake Financial Services and its subsidiary, ... [Read More]
ALS Resolvion takes on additional capacity in new facility
Tuesday, Oct. 10, 2017, 02:29 PM
SubPrime Auto Finance News Staff
ALS Resolvion contends it now has room to grow for the next decade. The repossession management and skip-tracing services provider recently moved into a larger facility in Charlotte, N.C., to accommodate its rapid ascent in the marketplace. With its new ... [Read More]
Mississippi attorney general subpoenas Credit Acceptance
Monday, Oct. 9, 2017, 02:34 PM
SubPrime Auto Finance News Staff
For the second time in about a year, Credit Acceptance is dealing with an attorney general subpoena. The finance company acknowledged late on Friday through a filing with the Securities and Exchange Commission that it received a subpoena from the ... [Read More]
ProMax enhances certified integration with Dealertrack
Monday, Oct. 9, 2017, 02:33 PM
SubPrime Auto Finance News Staff
Dealer Marketing Services, the makers of ProMax, on Monday announced significant enhancements to its certified integration with Dealertrack. ProMax is a certified partner of most major dealer management systems, and has offered a certified integration with Dealertrack since 2009. The ... [Read More]
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