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
9 industry associations offer suggestions as FCC crafts call-blocking regulation
Friday, Aug. 25, 2023, 10:11 AM
SubPrime Auto Finance News Staff
Nine industry associations recently sent a letter to the Federal Communications Commission (FCC), pushing back against the regulator’s plan involving call blocking and offering suggestions so financial institutions can still contact their customers. The associations responded because the FCC wants ... [Read More]
Fitch sees subprime ABS deterioration abating, predicts ‘mild’ recession
Thursday, Aug. 24, 2023, 11:34 AM
SubPrime Auto Finance News Staff
A few days after S&P Global Ratings shared its perspectives about how auto securitizations are performing, Fitch Ratings offered its assessment, too, focusing on the subprime sector. Analysts indicated Wednesday that subprime auto ABS loan performance deterioration has recently moderated ... [Read More]
Highlights of 2023 Non-Prime Automotive Financing Survey
Wednesday, Aug. 23, 2023, 10:57 AM
Nick Zulovich, Senior Editor
A quartet of industry executives took turns describing data contained in nearly 20 slides highlighting some of the top trends from 2023 Non-Prime Automotive Financing Survey that featured members of the National Automotive Finance Association and the American Financial Services ... [Read More]
4 enhancements to Launcher’s origination platform
Wednesday, Aug. 23, 2023, 10:49 AM
SubPrime Auto Finance News Staff
On Wednesday, Launcher unveiled the fifth iteration of its loan origination platform. The technology provider said the latest version of appTRAKER LOS vV blends a “staggering” list of process improvements and workflow efficiencies for finance companies utilizing the appTRAKER LOS ... [Read More]
Latest views from S&P Global Ratings on auto ABS & banking sector
Tuesday, Aug. 22, 2023, 11:11 AM
SubPrime Auto Finance News Staff
Along with taking a deep look at the banking sector, S&P Global Ratings also published its latest views on U.S. auto loan asset-backed securities (ABS). Analysts arrived at four assertions when looking at ABS performance for June. They included: —Performance ... [Read More]
3 dealerships settle with Rhode Island AG over alleged vehicle pricing violations
Friday, Aug. 18, 2023, 10:21 AM
SubPrime Auto Finance News Staff
Rhode Island’s attorney general recently reached an agreement to resolve three enforcement actions with a trio of franchised dealerships in the Ocean State for charging automatic add-ons and fees not included in the advertised price and other advertising practices. In ... [Read More]
Open Lending CTO now part of Forbes Technology Council
Friday, Aug. 18, 2023, 09:56 AM
SubPrime Auto Finance News Staff
Open Lending announced this week that chief technology officer Sarah Lackey has been elected to the Forbes Technology Council, an invitation-only community for CIOs, CTOs and technology executives. As a member of the council, Open Lending highlighted Lackey will provide ... [Read More]
PODCAST: More auto finance insights with TransUnion’s Satyan Merchant
Thursday, Aug. 17, 2023, 12:35 PM
SubPrime Auto Finance News Staff
Satyan Merchant, senior vice president and head of TransUnion’s auto finance business, made another appearance on the Auto Remarketing Podcast to discuss findings contained in the company’s Q2 2023 Quarterly Credit Industry Insights Report (CIIR). Merchant also described the impact ... [Read More]
Portfolio moves Griggs to board chair & hires new CEO
Thursday, Aug. 17, 2023, 10:44 AM
SubPrime Auto Finance News Staff
Portfolio made changes at the top of its leadership. On Wednesday, the provider of reinsurance and F&I programs announced the promotion of Brent Griggs from president and CEO to chairman of the company’s board of directors. Succeeding Griggs as CEO ... [Read More]
Weltman launches free webinar series about ‘what’s on tap’ in collections
Wednesday, Aug. 16, 2023, 11:33 AM
SubPrime Auto Finance News Staff
On Thursday morning, Weltman, Weinberg & Reis will launch the opening session of a free, year-round educational webinar series to help finance companies and other lenders stay ahead of trends, changes and updates throughout the world of collections. With the ... [Read More]