Nick Zulovich, Senior Editor

With regulators such as the Consumer Financial Protection Bureau issuing official requests for information about the implications of rules, investigations and enforcement actions, a sterling example might have arrived from BB&T Dealer Financial Services. In a direct message to SubPrime Auto Finance News on... Read More

SubPrime Auto Finance News Staff

After approaching the $1 billion securitization threshold last summer, Westlake Financial Services surpassed the mark, according to an announcement shared earlier this week. Westlake issued its largest asset-backed securitization (ABS) of $1 billion backed by approximately $1.1 billion of automotive paper. Vice... Read More

BillingTree makes 7 executive moves

SubPrime Auto Finance News Staff

Payment technology provider BillingTree looked to strengthen its company leadership to serve clients within five crucial markets, including auto financing. This week, the company announced the extension of its C-level team and made five key senior vertical industry appointments as part of a company-wide strategic... Read More

Now CFPB wants back on enforcement process

SubPrime Auto Finance News Staff

Along with naming a chief of staff who formerly served the chair of the House Financial Services Committee, Consumer Financial Protection Bureau acting director Mick Mulvaney is continuing to put his stamp on how the regulator operates. The CFPB issued another request for information (RFI); this time in connection with... Read More

NARS 2018 to include special repo agency owner forum

SubPrime Auto Finance News Staff

It is likely agents discuss their successes and challenges during the networking times and other activities associated with North American Repossessors Summit (NARS) that’s now been conducted for a decade. But now organizers of the industry event hosted by the American Recovery Association (ARA) and sponsored by... Read More

AUL Corp. surpasses 2M contracts and adds to sales team

SubPrime Auto Finance News Staff

It took AUL Corp. 21 years to reach 1 million vehicle services contracts. According to a new release shared this week, the VSC provider doubled that figure seven years later. AUL president and chief executive officer Jimmy Atkinson announced the company just surpassed 2 million contracts issued, making it one of the top... Read More

Nick Zulovich, Senior Editor

Cox Automotive senior economist Charlie Chesbrough explained the challenge facing the Federal Open Market Committee (FOMC) at the Federal Reserve. Chesbrough articulated how the implications might not impact dealership turns and finance company originations immediately, but he cautioned that trends can be difficult to... Read More

Nick Zulovich, Senior Editor

Stretching terms forced Credit Acceptance to adjust its expectations for future cash flows. But increasing contract length to the longest average in company history perhaps helped the finance provider turn around a string of declines in the number originations from active dealers. Before getting into those details,... Read More

посмотреть

узнать больше