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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
Automotive Intelligence Award honoree Tom Kontos of Auto Auction Holdings
Monday, Mar. 23, 2026, 01:56 PM
Our conversations with the 2026 Automotive Intelligence Award winners continue with Tom Kontos, who now is analytics advisor for Auto Auction Holdings. Convinced to come out of retirement and get back in the business last fall with the growing wholesale ... Listen Here
Industry Elite: Mike Clark Jr. of C&C Cars
Friday, Mar. 20, 2026, 03:50 PM
Next up on in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Mike Clark Jr., operations manager of C& C Cars in Pinellas Park, Fla. Clark is a third-generation dealer and helps run the family business ... Listen Here

Auto/Mate finalizes DMS integration with DDI Technology’s title and registration solutions

partnership gears
Tuesday, Jun. 18, 2019, 09:18 PM
SubPrime Auto Finance News Staff
Auto/Mate Dealership Systems announced on Tuesday it has successfully completed all dealership management system (DMS) integrations with DDI Technology, an established provider of vehicle title and registration services for dealerships. Auto/Mate’s DMS customers can now use DDI Technology’s solutions to ... [Read More]

ANALYSIS: When it comes to Magnuson-Moss, the devil is in the details

compliance pic
Tuesday, Jun. 18, 2019, 09:12 PM
Jim Brinkley, Binary Automotive Solutions
The Magnuson-Moss Warranty Act is the federal law that governs consumer product warranties. Passed in 1975, the act was created to protect consumers from deceptive warranty practices, ensure warranties are easy to understand and make violations legally enforceable. Perhaps one ... [Read More]

PointPredictive Fraud Consortium identifies top 3 concerns

fraud prevention
Tuesday, Jun. 18, 2019, 03:01 PM
Nick Zulovich, Senior Editor
Chief fraud strategist Frank McKenna described the fourth gathering of the PointPredictive Fraud Consortium Roundtable earlier this month just ahead of the National Automotive Finance Association’s Non-Prime Auto Finance Conference as the best one yet. Besides more than 50 attendees ... [Read More]

Fitch Ratings cites 4 reasons for improved US auto lease ABS outlook

investment picture
Monday, Jun. 17, 2019, 03:44 PM
SubPrime Auto Finance News Staff
Fitch Ratings is a bit more upbeat about the direction of the auto lease asset backed securities market. Analysts expect stability in residual value realizations throughout the year, prompting them to revise their wholesale market outlook haircut to neutral from ... [Read More]

DriveTime Automotive Group announces $400M tender offer

Federal reserve
Monday, Jun. 17, 2019, 03:42 PM
SubPrime Auto Finance News Staff
DriveTime Automotive Group and its related finance company, Bridgecrest Acceptance Corp., announced on Monday that they have commenced a cash tender offer to purchase any and all of their outstanding $400 million aggregate principal amount of 8.00% senior secured notes ... [Read More]

Arent Fox reinforces compliance personnel & offerings

legal analysis
Thursday, Jun. 13, 2019, 08:42 PM
SubPrime Auto Finance News Staff
Arent Fox is bolstering its compliance offering, and in the process, bringing back one of its experts. This week, the firm announced the launch of Managing Automotive Compliance, a regulatory, auditing and consulting service that is designed to help auto industry ... [Read More]

AFSA names vice president of communications

latest news
Thursday, Jun. 13, 2019, 08:40 PM
SubPrime Auto Finance News Staff
This week, the American Financial Services Association welcomed its new vice president of communications. Taking on this role for the national trade association for the consumer credit industry is Ed McFadden. AFSA indicated McFadden will play a crucial role in ... [Read More]

FTC reaches settlement involving dealer software data breach

data breach
Thursday, Jun. 13, 2019, 02:11 PM
SubPrime Auto Finance News Staff
National Automobile Dealers Association chairman Charlie Gilchrist recently wrote about how data and digital issues remain a high priority for the organization. And it appears those topics certainly are being monitored by the Federal Trade Commission, too. Early this week, ... [Read More]

DRN and ARS celebrate 10 years of recovery collaboration

Jeremiah Wheeler for website
Wednesday, Jun. 12, 2019, 04:12 PM
SubPrime Auto Finance News Staff
In today’s world where it might seem the only auto-finance element lengthening in time involves terms of consumers’ retail installment sales contracts, Digital Recognition Network (DRN) and American Recovery Service (ARS) are reaching a significant milestone — their 10th anniversary of doing ... [Read More]

Both House and Senate craft proposals to delay CECL implementation

capitol hill
Wednesday, Jun. 12, 2019, 01:48 PM
SubPrime Auto Finance News Staff
Apparently, federal lawmakers heard the concerns from banks, credit unions and finance companies about the challenges of preparing for significant accounting changes in connection with reserving for losses. A day short of three weeks after a proposal surfaced from six ... [Read More]

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