USED CAR WEEK 2023 PODCAST: Boosting repo percentages via compliance
Wednesday, Jan. 17, 2024, 12:54 PM
COMMENTARY: Why lenders should leverage the power of multi-channel digital communications
Thursday, Jan. 18, 2024, 10:38 AM
PODCAST: Tackling complaints with Hudson Cook’s Patty Covington
Wednesday, Jan. 17, 2024, 12:05 PM
Jasensky pinpoints 4 key attributes your next job candidate should possess
Tuesday, Oct. 17, 2023, 11:41 AM
SubPrime Auto Finance News Staff
Automotive Personnel CEO Don Jasensky asked this question when compiling his latest strategy recommendations for dealerships and finance companies. In a message to the industry and also with SubPrime Auto Finance News, Jasensky said, “What do NASA, Elon Musk and ... [Read More]
CFPB & Justice Department issue statement focused on ECOA & immigration status
Monday, Oct. 16, 2023, 11:01 AM
SubPrime Auto Finance News Staff
Last week was a busy one at the Consumer Financial Protection Bureau. Not only did the CFPB make multiple moves associated with what regulators and the White House dub “junk fees,” the bureau and Justice Department issued a joint statement ... [Read More]
CFPB, FTC & White House intensify pursuit to eliminate ‘junk fees’
Friday, Oct. 13, 2023, 11:49 AM
SubPrime Auto Finance News Staff
The campaign to prohibit what the regulators are continuing to call “junk fees” intensified again this week as the Biden administration, the Federal Trade Commission and the Consumer Financial Protection Bureau all made moves associated with the topic. First, the ... [Read More]
CFPB revisits ancillary product refunds in special edition of Supervisory Highlights
Thursday, Oct. 12, 2023, 11:33 AM
SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau (CFPB) released a special edition of its Supervisory Highlights this week. A portion focused on a topic that industry experts such as Allied Solutions cautioned finance companies about navigating carefully. The report delved into ancillary ... [Read More]
NAF Association adds executive retreat for 2024
Wednesday, Oct. 11, 2023, 11:20 AM
SubPrime Auto Finance News Staff
The National Automotive Finance Association plans to host two major industry events in 2024. Along with its Non-Prime Auto Financing Conference in June, the NAF Association announced details of second gathering. The organization said the 2024 Auto Finance C-Suite Retreat ... [Read More]
Details of new awards program from Open Lending
Wednesday, Oct. 11, 2023, 11:14 AM
SubPrime Auto Finance News Staff
Following up from its recent Executive Lending Roundtable, Open Lending announced the launch of what the provider of contract analytics, risk-based pricing, risk modeling and default insurance called the Open Lending Economic Vehicle Accessibility Awards (EVAAs). The company said this ... [Read More]
Even with slight improvement in September, auto credit availability remains tight
Tuesday, Oct. 10, 2023, 10:38 AM
SubPrime Auto Finance News Staff
The Dealertrack Credit Availability Index for September showed some slight improvement, as Cox Automotive reported on Tuesday that credit access was made more accessible. But compared to this time last year or before the pandemic, it’s still a challenge in ... [Read More]
StoneEagle reveals CTO transition
Monday, Oct. 9, 2023, 11:25 AM
SubPrime Auto Finance News Staff
Last week, StoneEagle announced the transition of its chief technology officer, as Gary Peek will take on the role from Chris Tynes, who has been with the provider of F&I and service metrics reporting, menu sales tools, an F&I product ... [Read More]
Dealer eProcess to host webinar about 5 ways to leverage credit prequalification
Friday, Oct. 6, 2023, 10:27 AM
SubPrime Auto Finance News Staff
Dealer eProcess said that understanding how to leverage credit prequalification is crucial for maximizing your dealership’s success. So the comprehensive website and digital marketing solution recruited CreditMiner vice president of strategic partnerships Ken Luna to host an education webinar about ... [Read More]
FTC joins CFPB in seeking reversal of appeals court decision involving FCRA
Thursday, Oct. 5, 2023, 09:53 AM
SubPrime Auto Finance News Staff
Last week, the Federal Trade Commission joined the Consumer Financial Protection Bureau in filing an amicus brief in the U.S. Court of Appeals for the Second Circuit. The agencies urging reversal of a district court decision that said they say ... [Read More]