Nick Zulovich, Senior Editor

Four of the industry associations with significant presence on Capitol Hill celebrated on Wednesday after the U.S. Senate passed a Congressional Review Act Resolution (S.J. Res. 57) to repeal the 2013 Auto Finance Bulletin issued by the Consumer Financial Protection Bureau. To recap, industry representatives maintained... Read More

SubPrime Auto Finance News Staff

One of the faces well known with Ally Financial’s auto finance business is leaving the company as part of key leadership changes announced on Thursday in association with changes to its auto finance, insurance and risk management organizations. According to a news release, Doug Timmerman has been named president... Read More

SubPrime Auto Finance News Staff

Another example of industry cooperation in the repossession world came to light on Wednesday. Consolidated Asset Recovery Systems (CARS) announced that the forwarding company has integrated its IBEAM repossession and remarketing compliance portal with the Clearplan dashboard used by repossession agents to manage work... Read More

SubPrime Auto Finance News Staff

The auto industry relationship involving Jim Calvert and David Gryglewicz dates back several years, and now the pair has collaborated to form a new company designed to improve repossessions, recoveries and remarketing. This new operation — ENDTRUST — looks to provide all the administration and... Read More

SubPrime Auto Finance News Staff

Dealers now have another option for helping their potential customers learn about their financial capacity as their searching store inventory. Automotive website and digital marketing company Dealer eProcess recently announced that it has signed with CreditMiner for soft pull technology, delivering a brand-new... Read More

Cort DeHart, MBSi Corp.

Data driven insights are increasingly bringing new perspectives on the usefulness of long-established processes and practices. Over the last few years, MBSi Corp. has begun to dive deeply into the tens of millions of repossession-related data points contained within its iRepo database in an effort to discover new insights,... Read More

SubPrime Auto Finance News Staff

A trio of executives from Primeritus Financial Services described how much it meant to receive a special honor from Ally Financial. On Tuesday, Primeritus, a leading provider of recovery management, skip-tracing and remarketing services for the auto finance industry in the U.S., announced that it has received Ally... Read More

SubPrime Auto Finance News Staff

Auto finance defaults improved a bit on a sequential comparison but deteriorated slightly on a year-over-year basis in March, according to the latest S&P/Experian Consumer Credit Default Indices. On Tuesday, S&P Dow Jones Indices and Experian released their data through March, and analysts indicated the... Read More

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