From the editor: The CFPB and a fire alarm

Nick Zulovich, Senior Editor

There didn’t appear to be any obvious connection between a representative from the Consumer Financial Protection Bureau finishing his presentation during the National Policy Conference hosted by the National Independent Automobile Dealers Association and the hotel fire alarm activating as a question-and-answer... Read More

Top 10 states for 60-day delinquency in Q2

SubPrime Auto Finance News Staff

Experian Automotive indicated that 30-day delinquency moved little during the second quarter when compared to the same time a year ago, but the 60-day delinquency reading did deteriorate more noticeably. According to Experian’s State of the Automotive Finance Market Report, the overall 30-day delinquency rate... Read More

SubPrime Auto Finance News Staff

SpringboardAuto highlighted this week that the company has produced an upward trajectory of completed auto financing equal to a compound monthly growth rate of 20 percent. As a result, the company announced it has expanded operations to 22 states, now covering more than 70 percent of the U.S. population — a move... Read More

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

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