SubPrime Auto Finance News Staff

Now with one quarter of 2018 in the books, Black Book and Fitch Ratings released their latest joint vehicle depreciation report. Along with three other major findings, Black Book forecasted an annual depreciation rate of 17 percent in 2018 as the supply of used cars and trucks increases, up from a lower-than-expected... Read More

FTC responds to CFPB info request about CIDs

SubPrime Auto Finance News Staff

Industry associations and private and publicly traded companies aren’t the only entities replying to a request for information issued by the Consumer Financial Protection Bureau. Last week, the Federal Trade Commission’s Bureau of Consumer Protection (BCP) filed a comment to the CFPB in response to that... Read More

SubPrime Auto Finance News Staff

Two leading providers of technology to help dealership F&I offices function smoothly — Darwin Automotive and Reynolds and Reynolds — each recently landed significant developments to boost their industry presence. First, Darwin Automotive announced that Darwin Online is now integrated with RouteOne for... Read More

Santander Consumer USA revamps website

SubPrime Auto Finance News Staff

With so much discussion happening at recent industry conferences about enhancing how customers shop for and finance their vehicles, Santander Consumer USA took action. SCUSA unveiled a new company website with the singular goal of improving the overall customer experience. The new site features what the finance company... Read More

SubPrime Auto Finance News Staff

Earlier this year, SpringboardAuto released results of a survey that determined consumers want to finance their vehicle online and doing so significantly improves their overall car buying experience and perception of the dealership where they take delivery. And last week, SpringboardAuto shared a case study that aligned... Read More

Eve Cann, Baker Donelson

In its long-awaited ruling addressing the Federal Communications Commission’s 2015 Declaratory Ruling and Order, the U.S. Court of Appeals for the D.C. Circuit partially upheld and partially set aside challenges to four specific provisions that had been intended to offer clarity on the Telephone Consumer Protection... Read More

Former CoreLogic executive joins Spireon

SubPrime Auto Finance News Staff

An industry executive with almost two decades of experience joined Spireon. The company announced on Wednesday that it appointed Rashid Ismail as senior vice president of customer success, joining the Spireon’s executive leadership team. Tapping into an extensive background in operations and customer experience,... Read More

SubPrime Auto Finance News Staff

Westlake Financial Services continues to broaden its portfolio of services. On the heels of rolling out a product geared for paper in the prime space, the company this week launched Westlake Portfolio Management (WPM), a new business offering third-party servicing solutions to dealers, finance companies and... Read More