Friday, December 6, 2019 - 11:05am

SubPrime Auto Finance News Staff

If auto-finance companies were not already using alternative data to enhance their underwriting efforts, they appear to have gotten the green light this week from five prominent federal regulators. Those five agencies — the Federal Reserve, the Consumer Financial Protection Bureau (CFPB), the Federal Deposit... Read More

Wednesday, December 4, 2019 - 12:08pm

SubPrime Auto Finance News Staff

At least from an interest-rate perspective, new vehicles looked a bit more attractive to buyers in November, even though retail prices for those models continued to climb. Meanwhile, financing for used vehicles stayed on a steady course, according to the November information compiled by Edmunds. Edmunds reported this... Read More

Wednesday, December 4, 2019 - 12:05pm

SubPrime Auto Finance News Staff

The Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) will host a public workshop on Tuesday to discuss issues affecting the accuracy of both traditional credit reports and employment and tenant background screening reports. The regulators shared 11 different questions they might be... Read More

Tuesday, December 3, 2019 - 12:19pm

SubPrime Auto Finance News Staff

Santander Holdings USA, Santander Consumer USA Holdings and Wells Fargo all made high-level leadership changes on Tuesday morning with an executive shifting from one institution to the other being among the moves. According to separate news releases, Timothy Wennes has been named Santander US chief executive officer and... Read More

Monday, December 2, 2019 - 11:42am

SubPrime Auto Finance News Staff

Amid all of the Black Friday retail activities, RouteOne announced that CRB Auto is now an available eContracting finance source for dealers utilizing the RouteOne platform. The companies reiterated that eContracting can enable the digital exchange of critical contract documents and data between dealers and finance... Read More

Monday, December 2, 2019 - 11:41am

SubPrime Auto Finance News Staff

While keeping a close watch on lengthening contract terms, S&P Global Ratings reported that collateral performance was generally positive for the U.S. auto loan asset-backed securities (ABS) sector in September. “Losses and 60-plus-day delinquencies decreased month over month as well as year over year in both... Read More

Wednesday, November 27, 2019 - 10:40am

SubPrime Auto Finance News Staff

In separate public appearances this week, two members of the Federal Reserve Board gave similar, upbeat assessments about the economy and the prospects for steady performance next year. However, one of the prominent measurements of consumer sentiment showed that individuals who might be purchasing vehicles among other... Read More

Tuesday, November 26, 2019 - 11:23am

SubPrime Auto Finance News Staff

As part of our collection of podcasts originating from Used Car Week 2019, Nick Zulovich shared a conversation with the leadership of the National Automotive Finance Association. Current president Joel Kennedy and executive director Jack Tracey discussed what they’re hearing from members and what the NAF... Read More