Financial News

Subprime auto finance performance is expected to deteriorate soon, according to a 360-degree market study released by Credit Chronometer. The study reports that a negative performance outlook is impacting participants’…
Westlake Portfolio Management (WPM) has been selected as third-party servicer by Total Finance on its $100 million automotive portfolio. Approximately 84 percent of the $100 million portfolio at the time…
The amount of subprime auto finance continues to rise. Through January, 21.3 percent of auto finance was issued to consumers with a subprime credit score, according to Equifax. This accounted…
Autotrader recently identified the 10 Best Non-Luxury CPO Programs and 10 Best Luxury CPO Programs for 2019. Hyundai led the way among mass-market brands. Lexus was the overall luxury winner.…
Spireon earned the 2019 Excellence in Customer Service Award for Organization of the Year from the Business Intelligence Group. Spireon was selected due to its deep investment in product innovation…
The Consumer Financial Protection Bureau (CFPB) published a notice on how it plans to periodically review regulations under the Regulatory Flexibility Act (RFA) and to request public input. Congress specified…
Digital speech analytics expert Tony Colqan has joined the Proactive Dealer Solutions team as director of enterprise sales.Colan comes to PDS from VoiceBase, Inc., where he served as enterprise sales…
Katherine A. Lemire has been appointed as executive deputy superintendent of the New York Department of Financial Services’ newly created Consumer Protection and Financial Enforcement Division. The new division combines…
The Consumer Financial Protection Bureau issued a Notice of Proposed Rulemaking to implement the Fair Debt Collection Practices Act (FDCPA). The proposal would provide consumers with clear protections against harassment…
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