Dealerships and finance companies likely are quite aware of fraud committed by organized individuals and rings of experts who steal credit information to create synthetic IDs. But new research from Socure highlighted the depth of first-party fraud being done by ... [Read More]

Ignite Consulting Partners reiterated some best practices this week since the Consumer Financial Protection Bureau and the Federal Trade Commission intensified their campaign of weeding out what they deem to be “junk fees.” Firm experts cautioned that ignoring what regulators ... [Read More]

Automotive industry M&A activity continued on Wednesday with an announcement indicating KPA has acquired ComplyNet. KPA, a provider of environmental health, and safety (EHS) as well as F&I solutions, explained why it made this move to acquire ComplyNet which provides ... [Read More]

The next educational webinar from Weltman, Weinberg & Reis Co., will focus on replevins and preparing your recovery strategy for 2024. It’s all part of the Weltman’s Ask a Pro Series featuring shareholders Amy Clum Holbrook and Allen Reis and ... [Read More]

California-based LoanMart recently shared an intriguing list based on its quarterly activity connected with its title loan business. LoanMart said it generated 36% growth in the third quarter compared to the first quarter, based newly serviced loan volume associated with ... [Read More]

Lender Compliance Technologies (LCT), which offers a platform for automotive finance compliance and aftermarket product cancellations, announced a partnership with aftermarket product refund experts Blue Elk Advisors. LCT and Blue Elk Advisors highlighted the partnership is geared to offer auto ... [Read More]

Automotive Personnel CEO Don Jasensky asked this question when compiling his latest strategy recommendations for dealerships and finance companies. In a message to the industry and also with SubPrime Auto Finance News, Jasensky said, “What do NASA, Elon Musk and ... [Read More]

Last week was a busy one at the Consumer Financial Protection Bureau. Not only did the CFPB make multiple moves associated with what regulators and the White House dub “junk fees,” the bureau and Justice Department issued a joint statement ... [Read More]

The campaign to prohibit what the regulators are continuing to call “junk fees” intensified again this week as the Biden administration, the Federal Trade Commission and the Consumer Financial Protection Bureau all made moves associated with the topic. First, the ... [Read More]

The Consumer Financial Protection Bureau (CFPB) released a special edition of its Supervisory Highlights this week. A portion focused on a topic that industry experts such as Allied Solutions cautioned finance companies about navigating carefully. The report delved into ancillary ... [Read More]