SubPrime Auto Finance News Staff

If your shop is struggling with originating quality paper or keeping customers current, perhaps here’s some good news. The opinions of business leaders including company chief executive officers, directors, chairmen and presidents highlighted in White Clarke Group’s new U.S. Auto & Equipment Finance... Read More

SubPrime Auto Finance News Staff

This week, Santander Consumer USA Holdings made a trio of key changes to its leadership team under new chief executive officer Scott Powell, who took control of the finance company in late August. SCUSA announced that Juan Carlos Alvarez, corporate treasurer of Santander Holdings USA is succeeding Ismail (Izzy) Dawood... Read More

Used-financing trends produce stable September

SubPrime Auto Finance News Staff

Along with sharing some insights on how new vehicles are being financed in the Houston market following Hurricane Harvey, Edmunds reported that nationwide used-vehicle financing trends in September remained stable. Analysts determined the average term for a used-vehicle installment contract written in September came in... Read More

SubPrime Auto Finance News Staff

This past Friday, both the Credit Union National Association (CUNA) and the Federal Trade Commission made moves associated with the Equifax security breach. CUNA announced that the association will file a lawsuit against Equifax to protect credit unions and their members from harm as a result of the incident that... Read More

SubPrime Auto Finance News Staff

Wise F&I recently enhanced its vehicle service contract, WiseTVP, to offer consumers five coverage plans, which now include an extended term with coverage for up to 10 years and 100,000 miles. The company highlighted WiseTVP’s coverage plans can provide for escalating levels of mechanical breakdown... Read More

Lawsuit filed over CFPB’s arbitration rule

Nick Zulovich, Senior Editor

The Consumer Financial Protection Bureau’s anti-arbitration rule is now heading for a courtroom clash. On Friday, the U.S. Chamber of Commerce, American Bankers Association, American Financial Services Association, Consumer Bankers Association, Financial Services Roundtable and a coalition of associations located... Read More

SubPrime Auto Finance News Staff

More evidence arrived this week indicating how some contract holders in your portfolio might be struggling to maintain their finances. This time, the research came from the Consumer Financial Protection Bureau. The CFPB’s latest survey showed that more than 40 percent of U.S. adults struggle to make ends... Read More

SubPrime Auto Finance News Staff

Meghan Stringer Musselman, a partner in the Maryland office of Hudson Cook, has been appointed vice chair of the American Bar Association (ABA) Banking Law Committee for a three-year term. With approximately 1,950 members, the mission of the Banking Law Committee is to act as principal Business Law Section Committee... Read More

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