Monday, April 1, 2019 - 11:38am

SubPrime Auto Finance News Staff

The Consumer Financial Protection Bureau indicated that it took a deep look at what it called “unfair and deceptive practices” regarding rebates for certain ancillary products after examining the protocols executed by at least one captive finance company. CFPB officials recapped through its latest... Read More

Monday, April 1, 2019 - 11:34am

SubPrime Auto Finance News Staff

Last Friday, NextGear Capital announced the passing of John Fuller, company founder and a pioneer in automotive dealer financing. The company described Fuller as a “true innovator” in the field of floor planning; a segment of the automotive industry that provides dealers with funding to purchase vehicle... Read More

Friday, March 29, 2019 - 10:05am

SubPrime Auto Finance News Staff

BillingTree created a new executive position and appointed a new chief operating officer this week. Taking on the role is Terri Harwood. In this newly created position, the company highlighted Harwood will lead BillingTree operations during a period of rapid growth. Her experience and extensive expertise complement the... Read More

Friday, March 29, 2019 - 9:55am

SubPrime Auto Finance News Staff

Two more service providers are joining forces to help finance companies navigate the complicated protocols associated with upcoming changes implemented by the Financial Accounting Standards Board (FASB). Equifax and Wolters Kluwer’s Finance, Risk & Reporting (FRR) business are teaming up to provide... Read More

Thursday, March 28, 2019 - 11:11am

SubPrime Auto Finance News Staff

Having been unsuccessful in becoming governor of Ohio, former Consumer Financial Protection Bureau Richard Cordray appears to have resurfaced on the West Coast in connection with a high-ranking California state lawmaker. Multiple social media posts from California Assemblymember Monique Limon show her pictured with... Read More

Wednesday, March 27, 2019 - 10:59am

SubPrime Auto Finance News Staff

Taylor Thurman is back with National Creditors Connection Inc. (NCCI). The loss-reduction outsourcing (LRO) company recently announced Thurman returned to be its director of sales in the auto-finance market. NCCI indicated Thurman will be leading all market development and sales initiatives for the auto-finance... Read More

Wednesday, March 27, 2019 - 10:58am

SubPrime Auto Finance News Staff

Paramount Recovery Service, a leading Southern California-based automotive repossession company, recently announced the expansion of its locations and services as well as the hiring of two industry experts. Company leaders highlighted the physical expansion includes the acquisition of PRS’ largest location to date... Read More

Tuesday, March 26, 2019 - 10:53am

SubPrime Auto Finance News Staff

With all of the recent hubbub over delinquencies, auto finance defaults are remaining stable so far this year. S&P Dow Jones Indices and Experian released data through February for the S&P/Experian Consumer Credit Default Indices, and the auto component remained unchanged at 0.99 percent. In fact, the latest... Read More