Wednesday, January 30, 2019 - 3:22pm

Mike Levison, ALS Resolvion

Anyone who has been involved with the repossession industry over the past several years knows that the world looks very different today than before the Consumer Financial Protection Bureau arrived. Most of the focus during this period has been on third- and fourth-party oversight. Given the CFPB’s official position... Read More

Wednesday, January 30, 2019 - 10:08am

SubPrime Auto Finance News Staff

The newest S&P Global Ratings report indicated the U.S. auto loan asset-backed securities (ABS) market in November performed where finance companies likely expected, especially for participants within the subprime space. And when analysts extracted a trio of companies that securitize paper in the deep part of... Read More

Tuesday, January 29, 2019 - 10:40am

SubPrime Auto Finance News Staff

Additional products sold to buyers during the financing process along with their terms and conditions continue to create issues for servicemembers, according to the newest report from the Consumer Financial Protection Bureau. The agency’s Office of Servicemember Affairs (OSA) monitors and analyzes complaints from... Read More

Monday, January 28, 2019 - 11:47am

SubPrime Auto Finance News Staff

Darwin Automotive wants finance office products to be as easy for used-vehicle buyers to purchase as their favorite items on Amazon. The F&I software provider recently announced the release of “Buy it Now” functionality as an addition to its Darwin Online digital retailing application, creating what the... Read More

Monday, January 28, 2019 - 11:46am

SubPrime Auto Finance News Staff

National Auto Care (NAC) grew its board of directors to five by adding another member. The provider of F&I products nationwide recently announced the appointment of Michael Boyle to its board of directors. Boyle is the fifth member to join NAC’s board of directors, which already includes NAC chief executive... Read More

Thursday, January 24, 2019 - 12:56pm

SubPrime Auto Finance News Staff

Interest rates continue to increase the cost of buying a vehicle. Dealers and finance companies are well aware of concerns about affordability, consumer access to credit and softening new-vehicle sales. Because of that, dealers and finance companies are exploring new methods to make the auto financing process more... Read More

Wednesday, January 23, 2019 - 8:00am

SubPrime Auto Finance News Staff

Lyft and Uber drivers not only might have a path to generate funds for a down payment when acquiring a vehicle at certain dealerships, they also could take advantage of a solution to help their credit situation. DriveItAway, a company concentrating on dealer-focused shared mobility, announced on Wednesday that it is... Read More

Monday, January 21, 2019 - 10:46am

SubPrime Auto Finance News Staff

Just ahead of the American Financial Services Association’s Vehicle Finance Conference, Allied Solutions announced the restructuring of its claims and recovery product, REPOPlus & Track. The provider of insurance, lending and marketing products to financial institutions in the U.S. for more than 35 years,... Read More