Portfolio made changes at the top of its leadership. On Wednesday, the provider of reinsurance and F&I programs announced the promotion of Brent Griggs from president and CEO to chairman of the company’s board of directors. Succeeding Griggs as CEO ... [Read More]

On Thursday morning, Weltman, Weinberg & Reis will launch the opening session of a free, year-round educational webinar series to help finance companies and other lenders stay ahead of trends, changes and updates throughout the world of collections. With the ... [Read More]

The Alliance of Illinois Repossessors (AIR) cheered the signing of SB 0800 into law by Gov. J.B. Pritzer, a development the organization said solidified the nation’s first law related to consumer data protection and repossessed vehicles. The July 28 signing ... [Read More]

Multiple sources of auto-finance data and more intriguing economic trends surfaced in recent days, with experts touching on defaults, interest rates and the possibility of a recession. Let’s begin this roundup with the auto portion of the S&P/Experian Consumer Credit ... [Read More]

Cox Automotive noticed that July was the best conditions to get your paper bought since March, but the subprime share still softened. The July reading of Dealertrack Credit Availability Index came in at 97.4, marking the second straight month of ... [Read More]

Formula Automotive Consulting and Technologies, a new company specializing in warranty reimbursement for automotive dealers, announced the official launch of its consultative services. Spearheaded by fixed operations experts, Formula Automotive looks to solve the pain point of warranty rate disparity ... [Read More]

Perhaps two trends from the auto segment of the Q2 2023 Quarterly Credit Industry Insights Report (CIIR) from TransUnion might calm finance companies on the risk front. TransUnion reported the average amounts financed for new vehicles have stabilized year-over-year, while ... [Read More]

The American Recovery Association previously stated that the organization’s next executive director would have to possess eight distinct characteristics, including industry experience, public speaking ability and more. The ARA found its next professional leader, announcing well-known industry figure Tony Long ... [Read More]

Davis+Gilbert announced that the law firm has achieved Mansfield Certification Plus status as part of its ongoing commitment to diversity, equity and inclusion (DEI). The firm highlighted its Certification Plus status indicates that, in addition to meeting the consideration and ... [Read More]

New vehicles might still be out of reach for many customers who land in the subprime credit tier. But the latest data from Kelley Blue Book showed that perhaps the prospects for putting a subprime consumer into a new model ... [Read More]