CFPB roundup: Measures to remove auto finance guidance and Mulvaney on the Hill
Friday, April 13, 2018 - 10:44am
Both Black Book and Fitch now within Hearst portfolio
Thursday, April 12, 2018 - 11:27am
Thursday, April 12, 2018 - 11:27am
Earlier this month, Black Book and Fitch Ratings released their latest collaborate project analyzing vehicle depreciation trends, as well as how the auto ABS market might behave. Now, both of those companies are completely under the same corporate umbrella. Hearst announced on Thursday that it has purchased from... Read More
Enterprise Car Sales cites credit unions for record origination volume in 2017
Wednesday, April 11, 2018 - 10:59am
Wednesday, April 11, 2018 - 10:59am
The combination of auto financing availability and credit unions and late-model used vehicles from one of the largest rental companies is continuing to generate record-setting originations. Strong credit union partnerships have long been a driving force behind the growth of Enterprise Car Sales, which opened five new... Read More
ACA International welcomes Smith back as VP of operations
Wednesday, April 11, 2018 - 10:56am
Wednesday, April 11, 2018 - 10:56am
ACA International likely isn’t completely going back to the heyday of VCRs and fluorescent clothing, but the organization is welcoming back an executive who first worked with the group back in the 1980s. ACA International recently announced Ted Smith has returned to the organization, now as vice president of... Read More
Credit Acceptance president announces upcoming retirement
Wednesday, April 11, 2018 - 10:55am
Wednesday, April 11, 2018 - 10:55am
According to a filing with the Securities and Exchange Commission submitted late last week, Credit Acceptance president Steven Jones announced his decision to retire as an officer and employee of the company. The SEC document indicated that Jones’ decision is effective on June 30. Jones has been part of a... Read More
Tax refunds trigger US auto loan ABS improvement in February
Tuesday, April 10, 2018 - 11:26am
Tuesday, April 10, 2018 - 11:26am
The cadence of customer-payment improvement stemming from an injection of cash from the Internal Revenue Service surfaced again, according to the latest analysis from S&P Global Ratings. On Tuesday, analysts reported prime and subprime collateral performance in the U.S. auto loan asset-backed securities (ABS) market... Read More
defi SOLUTIONS listed among publication’s 2018 Most Promising Fintech Providers
Friday, April 6, 2018 - 10:30am
Friday, April 6, 2018 - 10:30am
The trophy case at defi SOLUTIONS is starting to get quite full as the company received another accolade this week. In recognition of its position as a dynamic and disruptive industry Fintech innovator and business partner defi SOLUTIONS has been named to CIO Review’s annual list of Top 20 Most Promising... Read More
Innovate Auto Finance names new VP of portfolio acquisitions
Friday, April 6, 2018 - 10:27am
Friday, April 6, 2018 - 10:27am
Innovate Auto Finance added to its human capital this week in an effort to keep its book of business growing. Innovate Auto Finance, a purchaser and servicer of auto portfolios and provider of line-of-credit financing, has hired Kevyn Rails as vice president of portfolio acquisitions. In this role, the company indicated... Read More
New-car rates jump to near-decade high as delinquencies remain stable
Thursday, April 5, 2018 - 10:48am
Thursday, April 5, 2018 - 10:48am
As Edmunds spotted interest rates on new-vehicle financing climbing to the highest level in nearly a decade, the latest auto finance data from Equifax showed severe delinquency edged up only slightly in February. According to information shared this week with SubPrime Auto Finance News, Equifax determined the severe... Read More