SubPrime Auto Finance News Staff

Dealerships of all sizes oftentimes sell vehicle service contracts and extended warranties in their F&I offices. Now a company has come on the scene looking to offer VSCs and extended warranties for consumers who are utilizing their vehicles for services such as Uber, Lyft, Juno, Via, and other up-and-coming... Read More

SNH Capital Partners acquires ProMax

SubPrime Auto Finance News Staff

Not only is the investment community finding ways to fuel auto finance companies that originate paper, they’re also navigating paths to secure firms that provide critical ancillary services that help foster the entire process. According to news release distributed on Thursday, SNH Capital Partners announced the... Read More

SubPrime Auto Finance News Staff

Along with raising funds during the North American Repossession Summit (NARS) to support the Recovery Agents Benefit Fund (RABF), Digital Recognition Network (DRN) presented top providers and affiliate awards during last week’s events to honor organizations that have demonstrated excellence and leadership in the... Read More

SubPrime Auto Finance News Staff

MBSi Corp., and American Recovery Service (ARS) recently broadened their relationship. The repossession assignment software and vendor compliance solutions provider and national repossession services firm are expanding their partnership as ARS will soon begin outsourcing repossession assignments through MBSi’s... Read More

FTC continues fight against illegal phone calls

SubPrime Auto Finance News Staff

While phone calls remain an important tool for collectors and skip-tracers at auto finance companies, the Federal Trade Commission told the U.S. Senators last week that the agency “is using every tool at its disposal to fight” illegal robocalls. Appearing at a hearing hosted by the Senate Committee on... Read More

SubPrime Auto Finance News Staff

Wells Fargo said Friday it has entered consent orders with the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau, under which the company will have to pay civil penalties totaling $1 billion. The consent orders with the OCC and CFPB deal with matters involving Wells Fargo’s... Read More

SubPrime Auto Finance News Staff

Along with an effort to raise awareness and funds for Special Olympics NY, GrooveCar is running its annual April Auto Sales Event starting on Friday through its network of participating credit unions and dealerships. Credit unions in the New York region publicize the event to more than 1 million members with the message... Read More

Zurich now available on Darwin Automotive

SubPrime Auto Finance News Staff

Darwin Automotive’s menu for dealership F&I departments became even more robust this week. Darwin announced that it has added Zurich North America’s F&I products to the Darwin core F&I menu, as well as Darwin digital retailing and service menu. “We are thrilled to add access to... Read More

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