AFSA offers 8 recommendations to smooth CFPB complaint database issues
Friday, Mar. 6, 2026, 09:39 AM
Experian: Subprime financing originated during a Q4 climbs to highest level in four years
Thursday, Mar. 5, 2026, 11:06 AM
Used Car Summit’s auto finance roundtable to foster conversations about collections, risk management & more
Wednesday, Mar. 4, 2026, 02:44 PM
Latest Stories
Carleton’s Tim Yalich on how critical accurate payment information is to today’s car shoppers
Tim Yalich, who now is vice president of business development for Carleton, returned for an appearance on the Auto Remarketing Podcast. Yalich explained how much more crucial accurate payment information is to today’s car shoppers in an environment with some ... Listen Here
Tuesday, Mar. 10, 2026, 02:48 PM
Widewail CEO Cuyler Owens
Cuyler Owens is CEO of Widewail, a reputation and customer experience platform for the auto industry Cuyler joined Widewail as CEO in December, following nearly three years as chief revenue officer of TrustRadius, and time with Dell, Vmware and Dealerware. ... Listen Here
Monday, Mar. 9, 2026, 08:09 PM
Automotive Intelligence Award Honoree: Patrick Manzi of NADA
Our conversations with the 2026 Automotive Intelligence Award winners continue with Patrick Manzi, who is the chief economist at the National Automobile Dealers Association. Manzi , who got his first subscription to Car and Driver in his early teens, talks ... Listen Here
Friday, Mar. 6, 2026, 07:55 PM
Details about the ASAP Program from CPS
Monday, Jul. 1, 2019, 03:18 PM
SubPrime Auto Finance News Staff
No doubt, both dealerships and their customers want to know ASAP if an application will be approved and a retail installment contract will be bought by the finance company. Well, the newest initiative from Consumer Portfolio Services is using that exact ... [Read More]
FASB seeks to clarify 4 accounting issues over CECL changes
Monday, Jul. 1, 2019, 03:17 PM
SubPrime Auto Finance News Staff
The Financial Accounting Standards Board (FASB) looked to reinforce its position concerning the upcoming mandates placed on banks, credit unions and finance companies in connection with reserving for losses, emphasizing the changes can be implemented without incurring “significant costs.” Last ... [Read More]
FBI names 8 lenders potentially impacted by alleged fraud at SC Mitsubishi store
Friday, Jun. 28, 2019, 03:33 PM
Nick Zulovich, Senior Editor
This week, SubPrime Auto Finance News secured the affidavit connected with an FBI investigation of a South Carolina Mitsubishi dealership containing scathing details about store management manipulating trade-in values, down payments and income figures in an elaborate fraud scheme that ... [Read More]
ADAI endorsement of Dealertrack Registration and Title Solutions reaches 10 years
Friday, Jun. 28, 2019, 03:28 PM
SubPrime Auto Finance News Staff
It appears Hoosier State dealers like the tools Dealertrack provides since an endorsement of them now has existed for a decade. According to a news release distributed this week, the Automobile Dealers Association of Indiana (ADAI) has renewed its preferred ... [Read More]
FTC roundup: Actions involving active duty military, credit repair scheme and robocalls
Thursday, Jun. 27, 2019, 02:48 PM
SubPrime Auto Finance News Staff
The past seven days have been quite active at the Federal Trade Commission. The regulator made moves involving credit reporting and active military personnel, took action in connection with an alleged credit repair scheme and worked with and its law ... [Read More]
KAR moves AFC exec to PAR sales leader
Tuesday, Jun. 25, 2019, 05:05 PM
SubPrime Auto Finance News Staff
On Tuesday, KAR Auction Services shifted an executive from AFC to a role with PAR North America. According to a news release, PAR announced Drew Shull was named vice president of sales and client experience. In his new role, the ... [Read More]
DIMONT enhances auto team with former VanWagenen executive
Tuesday, Jun. 25, 2019, 05:00 PM
SubPrime Auto Finance News Staff
DIMONT bolstered its leadership team on Tuesday with a former VanWagenen executive who also has been involved with multiple industry organizations such as the American Financial Services Association and the National Automotive Finance Association. The Dallas-based provider of insurance claims adjusting and ... [Read More]
Subprime auto loan ABS metrics mixed in April
Tuesday, Jun. 25, 2019, 03:13 PM
SubPrime Auto Finance News Staff
Analysts discovered some positive metrics when finalizing April data for the latest S&P Global Ratings report about the auto loan asset-backed securities (ABS) sector. S&P Global Ratings shared that subprime auto loan ABS losses improved month-over-month to 6.60% from 7.11%. ... [Read More]
May auto defaults stay below 1%
Monday, Jun. 24, 2019, 03:46 PM
SubPrime Auto Finance News Staff
Auto defaults remained below the 1% mark in May, according to the latest information assembled by S&P Dow Jones Indices and Experian. Analysts noticed the May auto default reading dropped 7 basis points to settle at 0.87%. Auto defaults have ... [Read More]
Black Book launches Asset Verification Tool
Monday, Jun. 24, 2019, 03:44 PM
SubPrime Auto Finance News Staff
Black Book recently rolled out its latest solution for auto finance professionals — Asset Verification Tool — which is designed to help protect finance companies, auction and dealers against vehicle misrepresentation by providing insight on vehicle trim and equipped options. ... [Read More]
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