SubPrime Auto Finance News Staff

Both LAUNCHER.SOLUTIONS and F&I Express each enhanced their offerings for dealerships and finance companies by adding more industry partners. LAUNCHER.SOLUTIONS, a technology provider specializing in subprime auto finance originations, recently announced that it has added Kelley Blue Book to its list of data... Read More

SubPrime Auto Finance News Staff

This week, both General Motors Financial and Nicholas Financial disclosed changes regarding the executives serving as chief financial officers. While Nicholas Financial also highlighted how it plans to enhance originations, a filing with the Securities and Exchange Commission showed GM Financial reported that Chris... Read More

SubPrime Auto Finance News Staff

This past week, the House of Representatives passed two strongly bipartisan bills from the Financial Services Committee, one of which could have a significant impact on auto financing. Lawmakers highlighted that H.R. 3299 — the Protecting Consumers’ Access to Credit Act of 2017 — clarifies current law... Read More

SubPrime Auto Finance News Staff

Security for dealers and finance companies nowadays involves much more than just locking vehicles, the showroom and front door each night. In fact, EFG Companies recently highlighted that data security is one of the largest areas of concern in 2018 for dealers, finance companies and their partners. According to the... Read More

Lou Loquasto, Equifax

Reading headlines from major media outlets this past summer, it might seem as though auto finance companies didn’t understand the importance of verifying income and employment information provided by applicants. Everything was written from auto finance companies being fraudsters to the auto industry being the... Read More

Neeb takes over as CEO of ACA International

SubPrime Auto Finance News Staff

This week, Mark Neeb officially became the chief executive officer of ACA International, the Association of Credit and Collection Professionals. Neeb brings to the association nearly 40 years of corporate strategy experience, including 28 years specifically working in the credit and collection industry. He is intimately... Read More

SubPrime Auto Finance News Staff

GWC Warranty, a provider of used-vehicle service contracts sold through dealers, recently received two awards recognizing it as a top employer both nationally and locally in the greater Wilkes-Barre area of northeastern Pennsylvania. First, GWC Warranty was recognized nationally by the National Association of Business... Read More

SubPrime Auto Finance News Staff

Credit unions continue to make significant strides in booking retail installment sales contracts and vehicle leases. CU Direct and GrooveCar’s CU Xpress Lease recently highlighted just how much success they enjoyed in 2017. In fact at CU Direct, 2017 represented a record-breaking year. Credit unions funded... Read More

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