SubPrime Auto Finance News Staff

Dealer Marketing Services, the makers of ProMax, on Monday announced significant enhancements to its certified integration with Dealertrack. ProMax is a certified partner of most major dealer management systems, and has offered a certified integration with Dealertrack since 2009. The newly updated two-way integration... Read More

Dissecting lawsuit over CFPB arbitration rule

Nick Zulovich, Senior Editor

A week ago, a lawsuit landed in the Northern District of Texas, Dallas Division where five national organizations and a coalition of associations located throughout Texas filed a legal challenge to the Consumer Financial Protection Bureau’s rule that prohibits the use of class action waivers in arbitration... Read More

SubPrime Auto Finance News Staff

Along with highlighting seven major findings and availability of the 2017 Non-Prime Automotive Financing Survey, the National Automotive Finance Association on Friday announced the next stage of its compliance training offerings. Building off of the momentum generated by wide-spread leveraging of its Compliance... Read More

SubPrime Auto Finance News Staff

FactorTrust finalized a partnership this week with leading analytics-driven marketing consultancy, DataLab Data Solutions (DDS), which couples high-quality, clean data with deep analytics and model development, giving its customers the best opportunity for successful targeted marketing programs. The addition of... Read More

SubPrime Auto Finance News Staff

Two operators in the auto finance space recently celebrated year No. 2 together. GWC Warranty recently marked two years of partnership with Metrolina Credit by joining the Carolinas-based finance company at the grand opening of its new corporate headquarters and flagship branch office in Charlotte, N.C. GWC Warranty... Read More

SubPrime Auto Finance News Staff

S&P Global Ratings certainly didn’t dismiss the Cox Automotive estimates that Hurricane Harvey may have destroyed 300,000 to 500,000 vehicles, while Hurricane Irma ruined up to 400,000 units. But analysts suspect any severe impacts on the collateral for auto loan asset-backed securities transactions... Read More

SubPrime Auto Finance News Staff

Earlier this week, Westlake Financial Services announced the launch of its eContracting automotive loan origination solution in all 50 U.S. states through DealerCenter. And the finance company reached this accomplishment earlier than company officials expected. “Our goal was to launch eContracting in all 50... Read More

SubPrime Auto Finance News Staff

Recovery Industry Services Co. (RISC) recently reached a new threshold of industry professionals completing its Certified Asset Recovery Specialist (CARS) and CARS-FC certification program. Since it was launched in 2002, RISC tabulated that it has certified more than 10,000 individuals through its recovery agent... Read More

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