Nick Zulovich, Senior Editor

While the agency director expressed his disappointment, dealerships and auto finance companies can breathe a big sigh of relief; Congress has stopped the Consumer Financial Protection Bureau’s arbitration rule. With Vice President Pence casting the deciding vote late on Tuesday night, a Congressional Review Act... Read More

FactorTrust rolls out credit monitoring solution

SubPrime Auto Finance News Staff

Your customers now have another option to watch for activity associated with their credit file. On Tuesday, Used Car Week sponsor FactorTrust launched what’s being dubbed FactorTrust Credit Monitoring, a service that can observe activity within the FactorTrust credit file. The company explained this new service... Read More

4 suggestions to combat cyberattacks

SubPrime Auto Finance News Staff

David Kennedy of First Credit Resources, who is the current president of the American Recovery Association and one of the speakers on tap for Used Car Week, offered four suggestions for what protective moves repossession agencies, another other service providers, should make with their computer and technology... Read More

White Clarke Group unveils global cloud platform

SubPrime Auto Finance News Staff

On Monday, White Clarke Group announced the release of a new fully cloud-hosted version of its CALMS complete lifecycle credit processing and administration platform for the automotive, consumer and equipment finance industry via its partnership with Amazon Web Services (AWS). Officials insisted White Clarke... Read More

SubPrime Auto Finance News Staff

No doubt, finance companies are looking for whatever reliable piece of information they can examine while they’re first deciding if they should make an auto finance offer to a potential vehicle buyer and then exploring what terms and down payment should be leveraged. So what about using someone’s social... Read More

SubPrime Auto Finance News Staff

Auto defaults continued their cyclical move higher in September, crossing the 1-percent threshold and landing at nearly the highest spot in three years. The data through September reviewed by S&P Dow Jones Indices and Experian showed that auto finance defaults increased 10 basis points to 1.05 percent. That’s... Read More

Nick Zulovich, Senior Editor

Tommy Moore Jr. initially thought what sprouted to be First Investors Financial Services would just be a sideline business in auto finance. He was concentrated on another banking career in Houston at the time, focused on retail and commercial lending. Now nearly 30 years later, First Investors Financial Services is a... Read More

Nick Zulovich, Senior Editor

As S&P Global Ratings noticed collateral performance in the U.S. subprime auto loan asset-backed securities (ABS) market deteriorated moderately on a sequential basis in August, Davis & Gilbert’s Insolvency, Creditors’ Rights & Financial Products Practice Group fears investors could be in for a... Read More

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