Subprime lags behind Dealertrack Credit Availability Index climb of 5 straight months

Wednesday, Jul. 15, 2026, 09:51 AM

APCO boosts EasyCare footprint via acquisition for second time in less than a week

Tuesday, Jul. 14, 2026, 10:44 AM

SAFCO promotes CFO to president

Monday, Jul. 13, 2026, 11:54 AM

Latest Stories

Acting CFPB director defends changes to ‘out-of-control’ agency during Congressional hearings

Edmunds pinpoints top 20 trades with negative equity in Q2

Auto Data Direct rolls out CarLocate in Texas

The Spark Between EVs & CPO

Thursday, Jul. 16, 2026, 02:46 PM

In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here

Vincenzo Ciampi of iA Financial Group

Tuesday, Jun. 30, 2026, 10:53 AM

Next up on the Canada’s Used Car Week Live Stage is Vincenzo Ciampi . who is senior vice president, of auto finance and dealer services for Canada at iA Financial Group. Ciampi talks with Cherokee Media Group’s Joe Overby about ... Listen Here

Ted Berlovich of Clutch

Monday, Jun. 29, 2026, 03:44 PM

Continuing the discussions from the Live Stage at Canada’s Used Car Week, senior editor Joe Overby connects with Ted Berlovich, director of wholesale at online used-car retailer Clutch. Berlovich explained the company’s wholesale process, how the company handles some of ... Listen Here

Latest views on credit availability & tax refunds

Tuesday, Mar. 14, 2023, 03:35 PM

SubPrime Auto Finance News Staff

During the past week, Cox Automotive touched on two important current trends associated with auto financing — credit availability and tax refunds. Both trajectories might be positives for dealerships getting vehicles delivered and finance companies building their portfolios. First, according ... [Read More]

4 new qualms CFPB has with ‘unlawful junk fees’ in auto financing

CFPB files lawsuit against US Auto Sales servicer

Monday, Mar. 13, 2023, 03:33 PM

SubPrime Auto Finance News Staff

Last week, the Consumer Financial Protection Bureau articulated four ways “unlawful junk fees” are happening in auto financing. The bureau shared the details in a special edition of its Supervisory Highlights. The CFPB said during auto servicing examinations that bureau ... [Read More]

5 parts of Western Funding’s record growth in 2022

LendingArch continues to expand presence in Canadian auto finance market

Friday, Mar. 10, 2023, 03:58 PM

SubPrime Auto Finance News Staff

Praising its team in the process, Western Funding Inc. (WFI), a subsidiary of Westlake Technology Holdings and part of the Nowlake umbrella, announced record growth in 2022. The company’s five primary highlights from last year include: —73% year-over-year growth in ... [Read More]

AFSA leader cites 5 examples why CFPB is ‘ripe for reform’

Thursday, Mar. 9, 2023, 03:58 PM

SubPrime Auto Finance News Staff

American Financial Services Association president and CEO Bill Himpler testified on Thursday during a hearing hosted by the U.S. House Subcommittee on Financial Institutions and Monetary Policy. Himpler made a case for why the Consumer Financial Protection Bureau is “ripe ... [Read More]

2023 Women in Collections and Recoveries honorees

Wednesday, Mar. 8, 2023, 05:12 PM

SubPrime Auto Finance News Staff

Cherokee Media Group on Wednesday announced this year’s honorees for the Women in Collections and Recoveries award program presented by American Recovery Service. The Women in Collections and Recoveries award program received nominations nationwide for women in various roles within ... [Read More]

MBSi & SCUSA partner to eliminate agency recovery fees

Wednesday, Mar. 8, 2023, 05:10 PM

SubPrime Auto Finance News Staff

MBSi made what it described as a “milestone” announcement on Wednesday involving what it called a “major client.” As a result of in-person meetings, the provider of repossession assignment management and compliance management solutions said Santander Consumer USA has decided ... [Read More]

Advanced Dealer Solutions now part of Zurich North America’s network of F&I agencies

Wednesday, Mar. 8, 2023, 05:09 PM

SubPrime Auto Finance News Staff

This week, Advanced Dealer Solutions (ADS) announced it has signed on to represent the Zurich suite of protection products to its current and future auto and powersports dealers. ADS is a dealer development agency based in Richfield, Ohio, with specialties ... [Read More]

Crescent Bank taps Open Lending to accelerate approval process

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Wednesday, Mar. 8, 2023, 05:09 PM

SubPrime Auto Finance News Staff

Open Lending finalized a partnership on Tuesday with Crescent Bank, an institution offering auto financing to consumers across 32 U.S. states. As rising interest rates and vehicle prices inhibit access to vehicle ownership for consumers in near- and non-prime credit ... [Read More]

3 economists upbeat about current employment scene

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Tuesday, Mar. 7, 2023, 03:09 PM

SubPrime Auto Finance News Staff

Cox Automotive chief economist Jonathan Smoke as well as Comerica Bank chief economist Bill Adams and senior economist Waran Bhahirethan offered perhaps some reassuring assessments of what the overall employment landscape looks like. All three shared their perspectives ahead of ... [Read More]

Cox Automotive cautious about taking ‘sky is falling’ approach with repossessions

Smoke sees subprime delinquency & defaults rising

Friday, Mar. 3, 2023, 04:04 PM

SubPrime Auto Finance News Staff

While acknowledging there has been some portfolio softening, Cox Automotive chief economist Jonathan Smoke cautioned about taking an approach “to create the view that the sky is falling.” Smoke explained his reasoning in a company podcast posted on Friday with ... [Read More]

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