Wednesday, May 8, 2019 - 11:32am

SubPrime Auto Finance News Staff

Along with handing out five different awards and generating thousands of dollars for an industry-related charity, the American Recovery Association cheered the success of this year’s North American Repossessors Summit (NARS), sponsored by Harding Brooks Insurance. ARA officials highlighted that the 11th annual... Read More

Wednesday, May 8, 2019 - 11:27am

SubPrime Auto Finance News Staff

Another professional accolade was recently given to Tom Hudson. The co-founder of Hudson Cook has been accepted as a Fellow of the American Bar Foundation (ABF). The fellows comprise a global honorary society of attorneys, judges, law faculty and legal scholars whose public and private careers have demonstrated... Read More

Wednesday, May 8, 2019 - 11:25am

SubPrime Auto Finance News Staff

The Consumer Financial Protection Bureau is setting its regulatory target next on debt collection in light of technology advances such as text messaging and more. On Tuesday, the bureau issued a notice of proposed rulemaking (NPRM) to implement the Fair Debt Collection Practices Act (FDCPA). CFPB officials said the... Read More

Tuesday, May 7, 2019 - 10:28am

SubPrime Auto Finance News Staff

Kevin Kindschi called it a “detour from retirement,” to work with credit unions about product that can help them serve members with subprime credit histories. After retiring from CUNA Mutual following a 30-year career, Kindschi recently joined Open Lending as regional vice president of sales in a territory... Read More

Monday, May 6, 2019 - 10:46am

SubPrime Auto Finance News Staff

For the second time in the past few days, 700Credit finalized another integration; this time with ABCoA so dealerships can answer the question of, “How can we get rid of double-entry and multiple screens when working a deal?” ABCoA has integrated 700Credit’s credit, compliance and pre-screen platforms... Read More

Monday, May 6, 2019 - 10:44am

SubPrime Auto Finance News Staff

An evaluation project started by the Federal Trade Commission nearly four years ago recently came to a conclusion. The FTC recently announced that it has completed its review of the Holder Rule, which protects consumers who purchase goods and services using credit obtained through a merchant. This rule impacts... Read More

Friday, May 3, 2019 - 10:51am

Nick Zulovich, Senior Editor

May opened with a pair of economic updates that should be pleasing to dealerships and finance companies with interest rates remaining steady and unemployment declining. The developments came in light of the Federal Reserve chairman refuting thoughts that policymakers are succumbing to political pressure from the White... Read More

Friday, May 3, 2019 - 10:46am

SubPrime Auto Finance News Staff

This week, AUL Corp. launched a new suite of F&I products. President and chief executive officer Jimmy Atkinson described the offering as giving dealers “a one-stop shop for all of their F&I needs.” AUL’s collection of products now includes: • GAP coverage • Theft • Pre-paid... Read More