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
Court orders notifications to begin involving Wells Fargo insurance settlement
SubPrime Auto Finance News Staff
The United States District Court for the Central District of California announced on Monday that a notification program began this week as ordered by the court to alert consumers about a proposed class action settlement to remediate auto finance customers ... [Read More]
ALS Resolvion finalizes integration with RDN agent platform
SubPrime Auto Finance News Staff
About a month after rolling out its “mobile only” policy, ALS Resolvion announced this week that the skip-tracing and repossession management firm completed the integration between its proprietary operating system (Wombat) into the forwarder platform fueled by Recovery Database Network ... [Read More]
KBRA reports cyclical non-prime auto ABS performance in July
SubPrime Auto Finance News Staff
If your non-prime portfolio performance is experiencing some cyclical turbulence this summer, it appears you might not be alone. This week, Kroll Bond Rating Agency (KBRA) released its auto loan indices for July, reporting on delinquency roll rates from asset-level ... [Read More]
Nicholas Financial back to profitability after ‘transitional year’
SubPrime Auto Finance News Staff
Coming off of what the president and chief executive officer described as a “transitional year,” Nicholas Financial opened its 2020 fiscal year with positive net income after finishing its 2019 fiscal year with a loss. The publicly-traded specialty consumer finance ... [Read More]
Former Arizona dealer employee arrested on fraud charge
SubPrime Auto Finance News Staff
Another fraud incident recently surfaced involving two dealerships with the investigation spreading into two states. The Arizona Department of Transportation’s Office of Inspector General made an arrest following an investigation that revealed a Nissan dealership employee stole a customer’s identity ... [Read More]
DOJ secures 10-year prison sentence for orchestrator of luxury-vehicle Ponzi scheme
SubPrime Auto Finance News Staff
This week, a judge sentenced a Wisconsin man to more than 10 years in prison after the Justice Department secured an indictment earlier this summer in connection with the orchestration of a Ponzi scheme that included the fraudulent financing and ... [Read More]
SCRA violations cost NMAC nearly $3M
SubPrime Auto Finance News Staff
Repossession of 113 vehicles and violations of vehicle-lease mandates are going to cost Nissan Motor Acceptance Corp. (NMAC) nearly $3 million. The Department of Justice recently announced that NMAC has agreed to pay almost $3 million to resolve allegations that ... [Read More]
SNAAC to wind down operations, liquidate portfolio
SubPrime Auto Finance News Staff
A little more than three years after announcing an aggressive growth plan based on a strategy to add a significant number of dealership customers throughout the United States, Security National Automotive Acceptance Company (SNAAC) is departing the auto-finance business. A ... [Read More]
Experian and Oliver Wyman roll out tool for CECL forecasting
SubPrime Auto Finance News Staff
While mandated implementation might be delayed, Experian and Oliver Wyman are still looking to help auto finance companies meet the initial set of deadlines for the Financial Accounting Standards Board’s current expected credit loss (CECL) model via a new solution ... [Read More]
defi SOLUTIONS, Sagent Auto sign merger agreement
SubPrime Auto Finance News Staff
At the beginning of last year, loan origination system (LOS) provider defi SOLUTIONS announced it has raised $55 million in a Series C investment from Bain Capital Ventures. Then last September, Fiserv Lending Solutions announced the launch of its new ... [Read More]
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