Originations slow for fourth straight quarter

SubPrime Auto Finance News Staff

It’s no secret that the auto finance industry is taking its collective foot off of the origination accelerator. In fact, TransUnion now has seen originations soften on a year-over-year basis for four quarters in a row. Displayed one quarter in arrears, TransUnion’s recently released Industry Insights Report... Read More

Sarah Rubenoff, SubPrime Auto Finance News Correspondent

It was reported by CNBC and other news outlets early Wednesday afternoon that director of the Consumer Financial Protection Bureau Richard Cordray would be stepping down from his position by the end of the month. The news first surfaced in an email sent out by Cordray himself, announcing his plans. This new comes just a... Read More

TransUnion acquires FactorTrust

SubPrime Auto Finance News Staff

The company that deemed itself an alternative credit bureau now is a part of what traditionally has been one of the Big 3 credit history providers. Late on Tuesday, TransUnion announced the acquisition of Used Car Week sponsor FactorTrust, a provider of alternative credit data, analytics and risk scoring information... Read More

SubPrime Auto Finance News Staff

The leadership at Recovery Industry Services Co. (RISC) heard panel discussions and networking dialogue from industry participants during Used Car Week about the importance of compliance for third-party vendors. The situation reinforced why RISC rolled out its latest offering on Tuesday. RISC’s Lot Inspection... Read More

SubPrime Auto Finance News Staff

One of the benefits of Used Car Week is the networking that happens among auto finance service providers. Some of the fruit of that ongoing networking between two of Used Car Week’s staunchest supporters ripened on Monday. Digital Recognition Network (DRN) and Intellaegis, which does business as masterQueue,... Read More

Brien Joyce, EFG Companies

Millennials — those individuals born between 1980 and 1994 — currently represent 25 percent of the total buying power in the U.S., according to a recent study by TransUnion. They also control a large chunk of liquid assets, an amount that is forecast to grow to $7 trillion by 2020. By 2025, they are... Read More

SubPrime Auto Finance News Staff

Traffic Control, a solution for dealers retailing 50 to 150 vehicles a month, this week announced new features for improving multiple F&I-related steps to enhance deal cash flow, employee efficiency and customer satisfaction. Traffic Control CRM now features e-document technology integrated with RouteOne to pull... Read More

Nick Zulovich, Senior Editor

Beyond its originations and collections activities, Wall Street observers questioned Credit Acceptance Corp. leadership about two specific operational areas when executives discussed their third-quarter results. Investment analysts wanted to know about Credit Acceptance’s strategy for adding to its sales force to... Read More