Friday, January 11, 2019 - 11:06am

SubPrime Auto Finance News Staff

On Friday, KAR Auction Services announced an addition to the management team for one of its business units, Recovery Database Network (RDN). Joining the provider of specialized software and data solutions to customers across the repossession and disposition value chain as vice president of business development is... Read More

Friday, January 11, 2019 - 11:04am

SubPrime Auto Finance News Staff

The team at 700Credit this week rolled out a new solution built to identify and combat synthetic fraud using a suite of synthetic identity detection rules to prevent criminals from continuing to hide behind false identities. The provider of credit reports, compliance solutions, prescreen and consumer pre-qualification... Read More

Thursday, January 10, 2019 - 4:07pm

Nick Zulovich, Senior Editor

Exeter Finance is going public, joining providers such as Credit Acceptance and Consumer Portfolio Services as specialists in subprime auto finance that also sell public shares. The Texas-based company that began originations in April 2006 filed paperwork this week with the Securities and Exchange Commission for an... Read More

Thursday, January 10, 2019 - 10:41am

SubPrime Auto Finance News Staff

BillingTree named a new chief executive officer on Thursday. Coming aboard as the new leader of the supplier of financial technology and payment solutions is Christine Lee. The company indicated in a news release that former CEO Edgars Sturans will remain as a BillingTree board member. BillingTree highlighted... Read More

Wednesday, January 9, 2019 - 1:29pm

SubPrime Auto Finance News Staff

Before the federal government shutdown took hold, the Federal Communications Commission adopted new rules that can impact phone numbers auto finance company collection departments might be trying to regain contact with delinquent contract holders. The new FCC rules are designed to establish a reassigned numbers database... Read More

Wednesday, January 9, 2019 - 1:16pm

SubPrime Auto Finance News Staff

Just like some of its auto finance company clients, CalAmp is diversifying its portfolio beyond its GPS solution division that can help with recoveries and mitigate risk. On Tuesday, CalAmp announced a strategic partnership with Pioneer Electronics to expand connected vehicle services through Pioneer’s aftermarket... Read More

Wednesday, January 9, 2019 - 1:11pm

SubPrime Auto Finance News Staff

The roster of partners on Hudson Cook’s legal team became larger this week. The firm announced attorneys Anastasia Caton and Erica Kramer have been promoted to equity partners of the firm, effective Jan. 1. With their addition, 18 of the firm’s 40 equity partners are female. Caton, a resident in the... Read More

Tuesday, January 8, 2019 - 12:08pm

SubPrime Auto Finance News Staff

Auto finance defaults ticked up slightly in November, but the rate still remained below 1 percent, according to the most recent data compiled by S&P Dow Jones Indices and Experian. The auto finance segment of the S&P/Experian Consumer Credit Default Indices increased 1 basis point to 0.93 percent, but the... Read More