Time dwindling to submit public comments about House’s major CFPB reform proposal
Wednesday, Aug. 12, 2026, 11:19 AM
F&I Sentinel, Global Lending Services, CHAMP again among Inc. 5000
Wednesday, Aug. 12, 2026, 11:13 AM
Cox Automotive: Subprime share decreases again in July, as loan terms stay at all-time high
Tuesday, Aug. 11, 2026, 10:16 AM
Deeper dive into rising LTVs with TransUnion’s Satyan Merchant
One of the notable findings from TransUnion’s Q2 2026 Credit Industry Insights Report (CIIR) was how much loan-to-value ratios have changed in the past five years. Satyan Merchant, one of this year’s Automotive Intelligence Award recipients and senior vice president ... Listen Here
PayNearMe chief product officer John Minor on intersection of payments & technology
PayNearMe recently shared new search, explaining that hidden costs sustained by auto lenders can show up as failed payments, borrower support calls, late payments, collections follow-up, reconciliation work and manual recovery effort. PayNearMe chief product officer John Minor elaborated about ... Listen Here
Matt Babcock of Wolters Kluwer on how digital transformation continues to gain steam in auto financing
Matt Babcock, who heads up digital lending product strategy for Wolters Kluwer, returned for another visit on the Auto Remarketing Podcast. Wolter Kluwer recently released its latest quarterly Auto Finance Digital Transformation Index. Babcock recapped the sustained upward trajectory the ... Listen Here
Auto defaults drop for sixth consecutive month
SubPrime Auto Finance News Staff
Perhaps again reflecting how COVID-19 is turning data topsy-turvy, S&P Dow Jones Indices and Experian reported the auto-finance default rate in May came in at the lowest rate in 10 years. According to the latest update of the S&P/Experian Consumer ... [Read More]
TransUnion: More than 100 million consumer-credit accounts in relief programs
SubPrime Auto Finance News Staff
TransUnion is looking to assist finance companies and insurers as millions of consumers continue to request and receive various payment accommodations because of the coronavirus pandemic. Last week, TransUnion officially launched its CreditVision Acute Relief Suite that’s designed to help ... [Read More]
PAR rolls out title warehousing and digital processing services
SubPrime Auto Finance News Staff
PAR North America launched centralized title warehousing and electronic title processing services that the business unit KAR Global said is in compliance with all state regulatory requirements. PAR explained its title services can save customers additional staffing and storage costs ... [Read More]
UPDATED: California bill stalls that would have banned repossessions for 2 years
Nick Zulovich, Senior Editor
Representatives from the American Financial Services Association, the American Recovery Association, the National Automotive Finance Association, and the National Independent Automobile Dealers Association let out of collective exhale of relief after what they each described as a significantly damaging piece of ... [Read More]
2 more developments aim for major change at CFPB
Nick Zulovich, Senior Editor
The Consumer Financial Protection Bureau was on the receiving end of two separate actions this week aimed at dramatically changing how the agency operates. First, a collection of consumer advocate groups is suing the CFPB and director Kathleen Kraninger for ... [Read More]
MBSi, Resolvion put integration plan in motion
SubPrime Auto Finance News Staff
MBSi Corp. and Resolvion are making sure their firms are fully prepared when finance companies begin to start repossession and recovery activities again in full force. The companies announced on Wednesday that they reached an agreement to complete full integration ... [Read More]
EFG Companies sees revamped VSC generating up to $200K in annual store revenue
SubPrime Auto Finance News Staff
EFG Companies wants dealers to generate up to $200,000 in revenue per year through a new F&I product rolled out this week. The firm announced the launch of its re-imagined Motorist Assistance Plan (MAP) vehicle service contract. EFG Companies highlighted ... [Read More]
Top 10 states for delinquencies in Q1
SubPrime Auto Finance News Staff
Experian’s latest State of the Automotive Finance Market Report showed delinquency rates on auto financing declined during the first quarter. Experian determined 30-day delinquencies decreased from 1.98% in Q1 of last year to 1.93% in Q1 of this year, while ... [Read More]
Moody’s, S&P use recent auto ABS information to project summertime industry status
SubPrime Auto Finance News Staff
Both S&P Global Ratings and Moody’s Investors Service are trying to use their data and information about the auto ABS market to project the health of finance companies and their portfolios later this summer and beyond. Each firm considered payment ... [Read More]
Nicholas Financial celebrates profitable fiscal year
SubPrime Auto Finance News Staff
Nicholas Financial found a way to cheer the close of its 2020 fiscal year since it broke a string of two consecutive years of negative earnings. And the subprime auto-finance company also highlighted how funds from the Paycheck Protection Program ... [Read More]
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