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 average 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

Latest Stories

Fed’s Barr recaps rate strategy after ‘series of shocks’ to US economy

EFG: 6 compliance priorities for rest of 2026

AutoPayPlus dealer survey reinforces concerns about ‘84-month trade-in cliff’

Industry Elite: Tony Rimas of XPEL

Tuesday, Mar. 31, 2026, 07:40 PM

Concluding our inaugural Industry Elite: The C-Suite honoree series is a conversation with Tony Rimas, who is vice president of global revenue at XPEL Inc. Rimas — an avid biker who swam and ran track & field and cross country ... Listen Here

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

Thursday, Mar. 26, 2026, 02:23 PM

Next up in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Mike Thomas, who is chief executive officer of Resolvion. Thomas shares memories with Cherokee Media Group senior editor Nick Zulovich about working in construction and ... Listen Here

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

Hudson Cook adds associate to DC office

Another former Manheim Canada exec joins Otolane

Wednesday, Aug. 13, 2025, 10:08 AM

SubPrime Auto Finance News Staff

Hudson Cook added to its stable to legal experts last week, announcing that Francesca Gross has joined the firm as an associate in its Washington, D.C. office, focusing on litigation, regulatory compliance, and government investigations. Hudson Cook highlighted Gross brings ... [Read More]

Centerbridge Partners to acquire MeridianLink for $2B

Wednesday, Aug. 13, 2025, 10:07 AM

SubPrime Auto Finance News Staff

MeridianLink is going to be a private company. The provider of modern software platforms for financial institutions and consumer reporting agencies announced on Monday that it has entered into a definitive agreement to be acquired by funds advised by affiliates ... [Read More]

Fed’s Bowman maintains stance for rate cut

Tuesday, Aug. 12, 2025, 10:23 AM

SubPrime Auto Finance News Staff

Michelle Bowman, who is the Federal Reserve’s vice chair for supervision, was one of two members of the Federal Open Market Committee who dissented from the majority vote that kept interest rates unchanged when policymakers made their decision at the ... [Read More]

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]

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