Resolvion, a provider of national repossession management, skip-tracing, remarketing, license plate recognition, and heavy equipment and specialty recovery, announced on Monday a partnership with AKUVO. As an integrated repossession service provider, the partnership will provide Resolvion the opportunity to serve ... [Read More]

Crédito Real USA Finance gained new ownership in April. This week, the finance company that specializes in the Hispanic segment got a new brand name. The operation launched its new brand as FinBe USA, what executives explained as representing “a ... [Read More]

ADESA chief economist Tom Kontos shared a similar reaction with SubPrime Auto Finance News as his expert brethren, saying the Federal Reserve voting unanimously to keep the federal funds rate at 5.25% to 5.5% was to be expected. “Moreover, the ... [Read More]

On Wednesday, Open Lending Corp. released the addition of new alternative data attributes for auto finance applicants to more accurately inform the risk score generated by its Lenders Protection solution. Open Lending highlighted that access to expanded criteria from TransUnion ... [Read More]

The Consumer Financial Protection Bureau is calling for reinforcements. CFPB enforcement director Eric Halperin revealed in a public appearance last week that the bureau is looking to add about 75 new full-time employees to the office of enforcement. Halperin told ... [Read More]

As the Federal Reserve approaches its next opportunity to modify interest rates on Wednesday, findings from a new survey orchestrated by Santander Holdings USA perhaps reinforced perceptions already held by auto finance leaders. Santander reported on Monday that American consumers ... [Read More]

Dealerships, finance companies and other service providers connected to automotive had to begin compliance with the Safeguards Rule in June. On Friday, the Federal Trade Commission approved an amendment to it, instructing non-banking institutions to report certain data breaches and ... [Read More]

According to a news release and statement sent to SubPrime Auto Finance News, Relentless Recovery, one of the largest collateral recovery and remarketing companies servicing Ohio, entered into a settlement agreement with Digital Recognition Network (DRN), which is a subsidiary ... [Read More]

Experian this week rolled out its latest effort to curb fraudulent applications amid rising vehicle prices and the automotive industry relying more heavily on digital retailing. The company introduced the Hunter Automotive Fraud Alliance, which Experian described as a collaborative ... [Read More]

Paul McCarthy, vice president of sales, key accounts, at Protective Asset Protection, made another appearance on the Auto Remarketing Podcast for a conversation about dealerships and their F&I activities. McCarthy recapped Protective’s latest dealer survey and how F&I professionals are ... [Read More]