FTC reinforces auto industry enforcement priorities

Nick Zulovich, Senior Editor

Coinciding with the regulator offering a deeper explanation of its revamped Used Car Rule, Tom Pahl of the Federal Trade Commission made the opening presentation during the National Policy Conference, hosted this week by the National Independent Automobile Dealers Association. Pahl covered a variety of topics during his... Read More

Smith out as Equifax CEO

SubPrime Auto Finance News Staff

Less than three weeks after revealing a massive cybersecurity data breach, Equifax said that chairman and chief executive officer Richard Smith is retiring from those posts effective today. Current board member Mark Feidler has been appointed non-executive chairman by the board. Interim CEO is Paulino do Rego Barros... Read More

RoadVantage enhances benefits for lease customers

SubPrime Auto Finance News Staff

RoadVantage recently introduced what the F&I program provider called a “powerful and innovative” program for lease customers called Preferred LeaseCare. The company explained this new concept combines the “as you drive” benefits of RoadVantage ancillary products with a lease-end benefit,... Read More

SubPrime Auto Finance News Staff

Recent projects completed by the Competitive Enterprise Institute and the Cato Institute again delved into unsatisfactory assessments of the Consumer Financial Protection Bureau. Coinciding with House Republicans chastising the CFPB over its investigation of Wells Fargo, a wide-sweeping survey conducted by the Cato... Read More

GWC Warranty appoints new chief revenue officer

SubPrime Auto Finance News Staff

This week, GWC Warranty, a provider of used-vehicle service contracts sold through dealers, appointed Brian Stach as the company’s new chief revenue officer. In his role, Stach will oversee all of GWC Warranty’s field sales operations, including a nationwide team of area vice presidents, dealer consultants... Read More

SubPrime Auto Finance News Staff

Because of the Federal Reserve’s view of realized and expected labor market conditions and inflation, a unanimous vote of the Federal Open Market Committee decided to maintain the target range for the federal funds rate at 1 percent to 1.25 percent, according to an announcement policymakers made on Wednesday. Fed... Read More

Nick Zulovich, Senior Editor

Hudson Cook partner Allen Denson read through the auto-finance portion of the latest Supervisory Highlights shared by the Consumer Financial Protection Bureau and immediately thought of another credit segment. The CFPB’s report described problems bureau representatives found with vehicles being repossessed after... Read More

SubPrime Auto Finance News Staff

Credit Bureau Connection (CBC) and Clarity Services have partnered to provide dealers and finance companies what the service providers say is a first-of-its-kind, comprehensive view of a consumer’s credit history. The companies explained exclusive subprime credit data combined with existing traditional credit... Read More

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