SubPrime Auto Finance News Staff

AGORA recently bolstered its connections to human capital to delve into the debt space. The Texas-based provider of technology solutions for the financial services industry formed a partnership with Nancy Hughes — a leading debt acquisitions expert — in order to expand the scope of services and... Read More

SubPrime Auto Finance News Staff

Organizers of the North American Repossessors Summit (NARS) are hitting their 10th anniversary and received a reward from one of their leading sponsors. NARS — an industry event hosted by the American Recovery Association (ARA) and headline sponsor Harding Brooks Insurance — now has a three-year... Read More

SubPrime Auto Finance News Staff

Sometimes auto finance companies diversify their portfolio through buying paper lower down the credit spectrum than they typically might. In the case of Westlake Financial Services — which specializes in subprime contracts — the provider is doing the opposite. Westlake recently launched its new... Read More

SubPrime Auto Finance News Staff

S&P Global Ratings pored over the 2017 data for the U.S. auto loan asset-backed securities (ABS) sector and reported that  “a few encouraging trends emerged.” Analysts added that December ABS performance showed seasonal patterns, resulting in upticks in metrics they watch regularly. The firm... Read More

SubPrime Auto Finance News Staff

More collaboration developed in an effort to enhance the efficiency — and compliance — involving vehicle repossessions and recoveries. Allied Finance Adjusters (AFA) and Vendor Transparency Solutions (VTS) recently entered into an exclusive joint venture agreement that executives say will add value to both... Read More

SubPrime Auto Finance News Staff

Experian acknowledged that traditional credit attributes provide immense value for auto finance companies when making decisions. But when used alone, Experian insisted they are limited to capturing credit behavior during a single moment of time. To add a deeper layer of insight, Experian recently unveiled what company... Read More

SubPrime Auto Finance News Staff

PointPredictive understands criminals looking to orchestrate auto finance scams aren’t sitting idle. On Tuesday, PointPredictive announced the launch of a new patent pending solution called Synthetic ID Alert. The solution is a complement to the company’s comprehensive application fraud scoring solution Auto... Read More

SubPrime Auto Finance News Staff

Late in February, the American Financial Services Association submitted a comment letter to the New York City Department of Consumer Affairs regarding the department’s proposed rules for independent dealers. According to AFSA’s latest installment of NewsBriefs, the proposed rules would implement Local Laws... Read More