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
Business Intelligence Group honors Spireon for second straight year
SubPrime Auto Finance News Staff
Spireon received a reason to be celebratory on a Monday morning amid the coronavirus pandemic. Spireon announced it has been named a winner of the 2020 Excellence in Customer Service Award, presented by Business Intelligence Group. For the second year ... [Read More]
In response to crisis, Portfolio launches new claims website
SubPrime Auto Finance News Staff
Reinforcing an earlier message about the need for teamwork and digitization as COVID-19 disrupts the F&I industry, Portfolio recently announced the launch of a new website for GAP and ancillary claims. Portfolio said its new site features a fully redesigned ... [Read More]
KBRA waiting for auto ABS deterioration after March improvements
SubPrime Auto Finance News Staff
Kroll Bond Rating Agency (KBRA) acknowledged its March prime and non-prime auto loan ABS indices don’t yet reflect the depths of how the automotive asset backed securities market might be impacted by the coronavirus pandemic. Auto securitizations showed improving credit ... [Read More]
Industry responds as negative equity hits new records
Nick Zulovich, Senior Editor
EFG Companies chief revenue officer Eric Fifield acknowledged the issue during a phone conversation with SubPrime Auto Finance News last week. “Negative equity was a problem before, and it’s only going to be exasperated now,” Fifield said as the company ... [Read More]
Westlake absorbs third portfolio of discontinued finance company since May
SubPrime Auto Finance News Staff
For the third time in the past year, Westlake Portfolio Management (WPM) — a division of Westlake Financial Services — is absorbing the accounts of a finance company that has departed the business during the span of the coronavirus pandemic. ... [Read More]
ARA seeking member help to defend rights for vehicle repossessions
SubPrime Auto Finance News Staff
The American Recovery Association is communicating with state and federal officials regarding potential policy “that if passed would devastate our businesses over the coming months in ways that most would not be able to recover from,” according to a recent ... [Read More]
NAF Association postpones annual Non-Prime Automotive Financing Conference
SubPrime Auto Finance News Staff
According to an email message from the organization distributed on Tuesday, the National Automotive Finance Association has postponed its annual Non-Prime Automotive Financing Conference. The 24th installment was scheduled for June 3-5 in Plano, Texas. NAF Association officials did not ... [Read More]
PODCAST: Best practices for curbing fraud during COVID-19
SubPrime Auto Finance News Staff
Before PointPredictive made its patented technology solution — SyntheticID Alert — available to auto-finance companies at no charge for the rest of this year, chief fraud strategist Frank McKenna returned last week for another episode of the podcast. Senior editor ... [Read More]
F&I roundup: Darwin Automotive, JM&A Group ramp up complimentary services
SubPrime Auto Finance News Staff
Two F&I product providers began the workweek with offers to help cash-strapped dealerships with finance office resources for little to no cost. In separate announcements made on Monday morning, JM&A Group said it is bringing the Virtual F&I playbook, model ... [Read More]
Unemployment rate now seen above 15%
Nick Zulovich, Senior Editor
The likelihood some contract holders currently in your auto-finance portfolio will seek some kind of payment modification grew again with the latest initial claims for unemployment benefits reported by federal officials on Thursday morning. For the second week in a ... [Read More]
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