SubPrime Auto Finance News Staff

An attorney general who previously had taken aggressive regulatory and enforcement actions within the automotive space has resigned amid allegations of physical abuse against women. According to a report published on Monday afternoon in The New Yorker, New York attorney general Eric Schneiderman resigned within... Read More

SubPrime Auto Finance News Staff

The first quarter went quite well for DIMONT. The Dallas-based provider of insurance claims adjusting and collateral loss mitigation services to the residential mortgage and auto financing industries announced it achieved four key milestones in Q1. The developments included: — Processing approximately... Read More

SubPrime Auto Finance News Staff

The American Financial Services Association recently held its 2018 Independents Conference & Exposition in Ft. Lauderdale, Fla., an event that brings together institutions that oftentimes offer auto financing as well as other types of personal loans. AFSA handed out its Outstanding Independent Award; an honor that... Read More

SubPrime Auto Finance News Staff

At least for another month, auto finance companies won’t necessarily have to modify the interest rates they charge because of the latest decision by the Federal Reserve. Thanks to unanimous approval by all eight members of the Federal Open Market Committee (FOMC), policymakers this week decided to maintain the... Read More

SubPrime Auto Finance News Staff

Megasys and Dealertrack now are collaborating even more; a development that might be especially beneficial to subprime auto finance companies. Megasys, a provider of complete loan servicing systems for the consumer finance industry, announced this week a new facet of its integral partnership with Dealertrack. The... Read More

Nick Zulovich, Senior Editor

There probably are not many strategies leveraged by subprime auto finance companies that Consumer Portfolio Services chairman and chief executive officer Brad Bradley hasn’t seen since joining the company in 1991. But Bradley described a concept as being “the new thing on the street” during CPS’... Read More

ARA honors 22 members during annual convention

SubPrime Auto Finance News Staff

Ahead of the North American Repossessors Summit in April, the American Recovery Association also hosted its 54th annual convention where an array of topics associated with repossessions and recoveries were discussed by agents, finance companies and other service providers. “We have a lot of exciting things in the... Read More

SubPrime Auto Finance News Staff

Chase Auto Finance will continue to be a captive-like provider for a luxury brand. On Tuesday, Chase and Jaguar Land Rover North America announced the renewal of their private-label agreement, extending Chase’s role as the private-label finance provider for the manufacturer. For the last decade, Chase Auto has... Read More