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CreditMiner hires former dealer, Equifax exec as VP
Monday, Feb. 29, 2016, 04:34 PM
SubPrime Auto Finance News Staff
CreditMiner, the solution provider that pre-qualifies and pre-screens consumers on Experian, TransUnion and Equifax credit bureau platforms, recently added a former Equifax executive to its leadership team. Garth Cappy, former director of dealer enterprise relationships for Equifax, joined the CreditMiner ... [Read More]
6 factors to drive new executive search
Friday, Feb. 26, 2016, 05:18 PM
SubPrime Auto Finance News Staff
It’s a scenario perhaps not too uncommon to many finance company executives. They determined one of their key employees is incapable or unwilling to succeed with the company. To illustrate why it’s important to focus on six root factors that ... [Read More]
Dominion’s My Payment solution geared to enhance dealer websites
Friday, Feb. 26, 2016, 05:14 PM
SubPrime Auto Finance News Staff
This week, Dominion Dealer Solutions introduced what it’s calling My Payment for dealerships nationwide. Dominion’s My Payment is a suite of tools designed to drive more leads from dealership websites by giving shoppers “real answers” to their payment questions. The ... [Read More]
Former ACA, Wells Fargo exec joins SAFCO
Friday, Feb. 26, 2016, 05:11 PM
SubPrime Auto Finance News Staff
Southern Auto Finance Co. recently appointed Chris Shelley as vice president of collections at the subprime auto finance company’s collections center located in Orlando, Fla. Shelley has more than 19 years of progressive leadership experience in operations and collections, “and ... [Read More]
Western Funding unveils dealer award program geared toward older vehicles
Friday, Feb. 26, 2016, 05:09 PM
SubPrime Auto Finance News Staff
Western Funding launched a compliment to its successful Triple Pay Program this week; an initiative dubbed the “10-10-10 Program.” As an extension of the Triple Pay program, the subprime auto finance company explained its “10-10-10 Program” allows dealers to fill ... [Read More]
January auto default rate stays flat
Wednesday, Feb. 24, 2016, 05:06 PM
SubPrime Auto Finance News Staff
In light of the economy developing what analysts called a “split personality,” the S&P/Experian Consumer Credit Default Indices showed the auto loan rate for January remained stable on a sequential comparison. According to S&P Dow Jones Indices and Experian, the ... [Read More]
CUNA Mutual Group invests in SpringboardAuto.com
Wednesday, Feb. 24, 2016, 05:05 PM
SubPrime Auto Finance News Staff
This week, CUNA Mutual Group announced it is investing in a new direct-to-consumer lending platform SpringboardAuto.com. Officials indicated the relationship means this new technology solution can provide a direct online auto loan platform so credit unions can lend to members ... [Read More]
TCI names new director of sales
Wednesday, Feb. 24, 2016, 05:04 PM
SubPrime Auto Finance News Staff
Teledata Communications (TCI), a provider of cloud-based loan origination solutions, hired Mark Gleason this week as director of sales for the consumer finance industry. In this capacity, TCI highlighted that Gleason will oversee the company’s sales activities in this expanding ... [Read More]
Cordray reiterates issues with arbitration agreements
Monday, Feb. 22, 2016, 05:52 PM
Nick Zulovich, Editor
Back just before Thanksgiving, the Consumer Financial Protection Bureau made a special page on its website where individuals could submit complaints about the auto financing process while the agency reiterated its warnings about signing arbitration agreements, cautioning consumers how they ... [Read More]
AUL promotes Smith to additional leadership position
Monday, Feb. 22, 2016, 05:48 PM
SubPrime Auto Finance News Staff
Vehicle service contract provider AUL Corp. recently promoted Scott Smith to lead the operations department in addition to his role as the service support manager. Smith joined AUL nine years ago as a customer service representative and then was appointed ... [Read More]
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