SubPrime Auto Finance News Staff

A new Fitch Ratings report shared results of internally conducted stress tests that likely won’t please recovery managers, but these findings nevertheless cannot be ignored by any finance company, regardless of size. Fitch explained that falling used-vehicle values and swelling supply are set to continue at least... Read More

RISC acquires Recovery Standard Training

SubPrime Auto Finance News Staff

The compliance education and training offerings from Recovery Industry Services Company (RISC) just became much more robust. On Tuesday, RISC announced the acquisition of Recovery Standard Training, which is curriculum created and maintained by Hudson Cook. Officials highlighted the program will soon be added to... Read More

SubPrime Auto Finance News Staff

It’s taken five years, but federal officials are seeing an improvement if consumers faced a financial emergency roughly equal to one payment on their vehicle installment contract. The Federal Reserve Board’s latest Report on the economic well-being of U.S. households indicated four in 10 adults, if faced... Read More

SubPrime Auto Finance News Staff

GSFSGroup created a new executive position to respond to growth and an increasing need for data management and innovative technology in the automotive F&I industry. The provider and administrator of a comprehensive portfolio of F&I products for dealerships this week announced the hiring of Steven Clark as its... Read More

SubPrime Auto Finance News Staff

As Kelley Blue Book rolls out its latest marketing campaign, Autotrader and KBB are teaming up with LendingTree to help potential buyers secure financing options just in time for Memorial Day weekend sales events. The Cox Automotive companies announced on Thursday that they now are collaborating with LendingTree’s... Read More

SubPrime Auto Finance News Staff

Key findings of BillingTree’s sixth annual Operations and Technology Survey involving collections, recoveries and more, are showing just how much of an impact all of the widespread changes at the Consumer Financial Protection Bureau are leaving on service providers. For the first time in the history of the... Read More

SubPrime Auto Finance News Staff

Auto finance defaults are back below the 1-percent level for the first time this year, halting a stretch above that level dating back to last August. This week, S&P Dow Jones Indices and Experian released data through April for the S&P/Experian Consumer Credit Default Indices, and the auto segment dropped 6... Read More

Nick Zulovich, Senior Editor

The 2013 indirect auto lending guidance from what was previously called the Consumer Financial Protection Bureau now is officially off the books. On Monday, President Trump signed into law a bipartisan Congressional resolution disapproving a rule that was in the form of guidance issued by the regulator that now calls... Read More