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This Month's Focus

Artificial Intelligence
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Bain Survey: Few Companies Ready for Sustainability Rules (24%) Building on three-year partnership, Bain invests in OpenAI Deployment Company
Wednesday, May. 13, 2026, 12:13 PM
Bain & Company today announced an investment in the Deployment Company, a new venture launched by OpenAI with 19 global partners. According to a news release, the OpenAI Deployment Company is built to help businesses deploy artificial intelligence across their ... Read More
EY study shows Canadians still cautious about AI but using it more for everyday activities
Monday, May. 11, 2026, 03:00 PM
This artificial intelligence is pretty smart, eh? That sentiment might be held by at least some Canadians who are already embedding AI into everyday decisions, often in ways that extend beyond simple assistance into early autonomy, even while concerns about ... Read More
Carfluent’s new AI tool helps dealerships beat aggregators in searches
Monday, May. 11, 2026, 09:51 AM
A growing percentage of consumers now use artificial intelligence as what marketplace Cars.com describes as a “trusted co-pilot” in their search for a vehicle to purchase. Meanwhile, other studies suggest that dealership websites are not visible to many of those ... Read More
Tiger Okeley describes what it’s like for BHPH dealers during another turbulent year
Tuesday, May. 12, 2026, 01:47 PM
Tiger Okeley is the executive board member of Oak Motors, a buy-here, pay-here dealership that’s been in business for more than 40 years in central Indiana. Having seen boom times, recessions, and more, Okeley shared his insight to help owners ... Listen Here
SPONSORED EPISODE: Know your Buyer & Grow your Lot
Tuesday, May. 12, 2026, 09:20 AM
In this insightful episode of the Auto Remarketing Podcast, Auto Trader and KBB executives Elizabeth Stegall and David Lumpkin share findings gleaned from Cox Automotive’s unique research into shoppers who buy from Independent Dealers. Learn how shifting buyer expectations connect ... Listen Here
FICO’s Shams Blanc on lenders sharpening underwriting & more
Wednesday, Apr. 29, 2026, 03:54 PM
Fresh off being in Miami as part of the Used Car Industry Summit that Cherokee Media Group hosted this spring, Shams Blanc, who is vice president of auto scores at FICO, appeared again on the Auto Remarketing Podcast. Blanc discussed ... Listen Here

StoneEagle Q3 data shows steady times in dealer F&I departments

Tuesday, Dec. 2, 2025, 10:21 AM
SubPrime Auto Finance News Staff
StoneEagle on Tuesday highlighted how it was a steady quarter in dealership F&I departments amid some gross-profit turbulence seen in July, August and September. Third-quarter information included in the StoneEagleDATA F&I Benchmark Report showed stable F&I performance across key metrics. ... [Read More]

CFPB unveils ‘humility pledge’ for supervision division

CFPB seeking more data about repossessions & contract modifications
Monday, Dec. 1, 2025, 11:48 AM
SubPrime Auto Finance News Staff
Perhaps compliance departments at auto lenders and other companies involved in financial services had something extra to be thankful for last week. Just ahead of Thanksgiving, the Consumer Financial Protection Bureau made significant changes to how its supervision division conducts ... [Read More]

AutoPayPlus welcomes new agency development manager

new hire
Monday, Dec. 1, 2025, 11:47 AM
SubPrime Auto Finance News Staff
AutoPayPlus by US Equity Advantage continued its recent string of moves by announcing the appointment of Steven Weir as agency development manager. In this role, the automated financial concierge service said Weir will be responsible for building and supporting strong ... [Read More]

Weltman, Weinberg & Reis adds 5 attorneys to Chicago office, donates to Feeding America network

Another former Manheim Canada exec joins Otolane
Wednesday, Nov. 26, 2025, 01:48 PM
SubPrime Auto Finance News Staff
Along with making donations to local food banks and pantries in the Feeding America network, Weltman, Weinberg & Reis Co., added to its stable of legal professionals at its Chicago office. This month, the firm welcomed five new attorneys: Tresina ... [Read More]

Auto snippets from TransUnion’s October 2025 Credit Industry Snapshot

Wednesday, Nov. 26, 2025, 10:07 AM
SubPrime Auto Finance News Staff
Are auto-finance providers taking on more risk or are there simply more consumers who fall into the subprime credit tier? Here some more data to consider. As Cox Automotive’s information showed credit access improved a bit in October, TransUnion’s October ... [Read More]

October data from Cox Automotive & VantageScore shows expanded credit access but growing delinquency

Tuesday, Nov. 25, 2025, 10:21 AM
SubPrime Auto Finance News Staff
You can make your own judgements about the state of the credit market based on October data from Cox Automotive and VantageScore. In October, Cox Automotive reported, the Dealertrack Credit Availability Index resumed its upward trend of improved credit access ... [Read More]

InterVest to acquire Flagship Credit Acceptance with Landy set to be CEO

Monday, Nov. 24, 2025, 10:40 AM
SubPrime Auto Finance News Staff
The next chapter in Jim Landy’s career in auto finance will arrive through another acquisition involving a lender and an investment firm. Last week, Flagship Credit Acceptance announced that affiliates of InterVest Capital Partners, a New York-based specialty finance investment ... [Read More]

PAR hires Dave Baker as vice president

Friday, Nov. 14, 2025, 01:26 PM
SubPrime Auto Finance News Staff
OPENLANE subsidiary PAR has a new vice president — someone familiar to the repossession and recovery industries. Coming aboard with three decades of experience spanning corporate operations, law enforcement, and compliance management is Dave Baker, who will serve as the ... [Read More]

Equifax launches new anti-money laundering solutions to help banks, credit unions & financial services companies

Friday, Nov. 14, 2025, 10:16 AM
Nick Zulovich
Equifax doesn’t want financial services firms and related industries to land in trouble for not meeting anti-money laundering (AML) mandates. So on Friday, Equifax introduced new AML compliance solutions designed to ease the burden of regulatory compliance by flagging potential ... [Read More]

TransUnion trying to clean up credit washing with new fraud detection solution

Friday, Nov. 14, 2025, 10:16 AM
SubPrime Auto Finance News Staff
TransUnion is trying to help the financial services industry clean up the proliferation of credit washing that’s impacting auto finance and beyond. To combat credit washing — the practice of removing legitimate, accurate and non-obsolete credit data from credit profiles ... [Read More]

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