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

SubPrime Auto Finance News Staff

Photographs often highlight how valuable — or deteriorated — a vehicle might be before it lands in your inventory. Well, Black Book leveraged some helpful imagery as a part of a new educational infographic to help dealers, remarketers and finance companies learn how the company’s History-Adjusted... Read More

SubPrime Auto Finance News Staff

Platinum Auto Finance recently bolstered its executive team with a leader who possesses a wide range of professional experience with smaller and large providers. David Knightly joined Platinum Auto Finance as senior vice president of operations and national sales director, reporting directly to chief operating... Read More

Award-winning Dealertrack alum joins FrogData

SubPrime Auto Finance News Staff

A former award-winning member of Dealertrack’s team recently joined FrogData, a business analytics platform that can deliver advanced reporting, business insights and predictive analytics to dealers, helping them make better decisions to make a positive impact on their business. FrogData continued its rapid... Read More

APR for new models jumps to 8-year high

SubPrime Auto Finance News Staff

Perhaps it’s the mix of applicants or finance companies passing on risk to potential new-vehicle buyers. Whatever the specific trigger, Edmunds announced on Thursday that interest rates on new-vehicle installment contracts are expected to soar to their highest point in eight years in February. Edmunds reported... Read More

SubPrime Auto Finance News Staff

Santander Consumer USA cleared another legal matter regarding its repossession processes. Connecticut Banking Commissioner Jorge Perez recently announced a settlement with SCUSA, for alleged violations of Connecticut banking law pertaining to its activity concerning repossessed vehicles. In addition to providing $2.9... Read More