Experts see Middle East conflict making current car & credit markets even more challenging

Tuesday, Mar. 24, 2026, 10:27 AM

With additional insight about affordability, FICO watches averages credit scores tick lower again

Wednesday, Mar. 25, 2026, 11:27 AM

PODCAST: Industry Elite honoree Jennifer Turnage on why accurate financial information can make or break any business

Wednesday, Mar. 25, 2026, 01:05 PM

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PODCAST: Industry Elite honoree Mike Thomas of Resolvion on building his career — literally

Edge Financial Services names Marohn as CEO to lead growth strategy

Another former T-Mobile executive joins Credit Acceptance

Industry Elite honoree Jennifer Turnage on why accurate financial information can make or break any business

Wednesday, Mar. 25, 2026, 05:01 PM

Next up on in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Jennifer Turnage, who is chief executive officer of Primeritus Financial Services. Turnage talks with Cherokee Media Group senior editor Nick Zulovich about the importance ... Listen Here

Industry Elite honoree Kelly Wyatt on 25-year career with GM Financial

Wednesday, Mar. 25, 2026, 04:43 PM

Next up on in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Kelly Wyatt, who is chief digital officer with GM Financial. Wyatt shares a conversation with Cherokee Media Group senior editor Nick Zulovich about being ... Listen Here

Industry Elite: Sean Morgan of Westlake Financial

Monday, Mar. 23, 2026, 03:07 PM

Next up on in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Sean Morgan, who is executive vice president of finance and operations at Westlake Financial. Morgan talks with Cherokee Media Group senior editor Joe Overby ... Listen Here

Only momentary tariff bump interrupts ongoing expansion of auto credit access

Monday, Aug. 11, 2025, 10:39 AM

SubPrime Auto Finance News Staff

It appears only talk about tariffs disrupted the upward trajectory of expanded auto credit access since last summer. Cox Automotive reported the Dealertrack Credit Availability Index improved again in July, marking the third consecutive month of enhanced credit access. The ... [Read More]

CFPB seeks input about changing Automobile Financing Larger Participant Rule

Friday, Aug. 8, 2025, 10:24 AM

SubPrime Auto Finance News Staff

A decade ago, the Consumer Financial Protection Bureau established the Automobile Financing Larger Participant Rule, which created regulatory oversight over providers that originated 10,000 contracts or more annually. That threshold might be changing since the regulator now operates with half ... [Read More]

New Open Lending CFO starts on Aug. 18

AutoCanada Announces Board Appointments

Friday, Aug. 8, 2025, 09:52 AM

SubPrime Auto Finance News Staff

Open Lending Corp. will have a new chief financial officer in place on Aug. 18. The provider of automotive lending and risk analytics solutions for financial institutions recently appointed Massimo Monaco as its incoming CFO, an executive who will bring ... [Read More]

ACC pauses originations but not ‘a closure of business’

latest news

Friday, Aug. 8, 2025, 09:11 AM

SubPrime Auto Finance News Staff

One of the longest-tenured finance companies in the subprime space has paused originations but said, “This is not a closure of business.” Automotive Credit Corp. (ACC) said late Thursday afternoon it will continue to fund all complete contract packages that ... [Read More]

IAA sees salvage transactions with negative equity remain at 3-year high in Q2

Wednesday, Aug. 6, 2025, 02:07 PM

SubPrime Auto Finance News Staff

Negative equity can be significant hurdle to clear when dealerships handle trades, as Edmunds recently reported 7.7% of trade-ins toward a new-vehicle purchase during the second quarter were upside down by more than $15,000. Negative equity can be a conundrum ... [Read More]

Vola CreditMap aimed at helping consumers handle debt & increase credit scores

Wednesday, Aug. 6, 2025, 10:32 AM

SubPrime Auto Finance News Staff

Coinciding with the Federal Reserve Bank of New York tabulating that total consumer debt surpassed $18 trillion during the second quarter, personal financial management platform Vola Finance rolled out a new loan management dashboard designed to help consumers take control ... [Read More]

New York Fed sees stability in auto-finance sector but turbulence involving student loans

Wednesday, Aug. 6, 2025, 10:30 AM

SubPrime Auto Finance News Staff

While student-loan metrics are deteriorating because of changes in federal policies, auto-loan trends are staying stable. That’s two of the primary findings from the Quarterly Report on Household Debt and Credit released on Tuesday by the Federal Reserve Bank of ... [Read More]

Wolters Kluwer: ‘Enforcement pullback exceeds even the most aggressive predictions’

Tuesday, Aug. 5, 2025, 10:05 AM

SubPrime Auto Finance News Staff

New information from Wolters Kluwer about how much the regulatory landscape has changed since President Trump started his second term prompted experts to say, “this enforcement pullback exceeds even the most aggressive predictions.” According to new data from Wolters Kluwer ... [Read More]

Western Funding executes first securitization

Lendbuzz gains $100M warehouse facility through MUFG

Monday, Aug. 4, 2025, 11:08 AM

SubPrime Auto Finance News Staff

Western Funding is now in the securitization business, too. Late on Friday, the subsidiary company of Westlake Technology Holdings announced the successful closing of its inaugural asset-backed securitization (ABS), WEFUN 2025-1, totaling $400 million. Management said this transaction marks Western ... [Read More]

PODCAST: TransUnion explains auto-refinancing opportunities with 18M consumers

Monday, Aug. 4, 2025, 11:08 AM

SubPrime Auto Finance News Staff

Even without the aid of an interest rate cut from the Federal Reserve that’s displaying some dissension, TransUnion is bullish about the prospects from auto refinancing. Analysts acknowledged many consumers continue to face pressure on their household budgets, prompting a ... [Read More]

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