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Dissecting evolving credit scores with Shams Blanc of FICO
Monday, Nov. 24, 2025, 03:34 PM
As much as auto-finance underwriting has become sophisticated, a potential starting point to determine if the applicant will be offered an installment contract is the credit score. Shams Blanc, who is vice president of auto scores at FICO, described the ... Listen Here
Used Car Week Hall of Famer Jerry Kroshus of Location Services
Wednesday, Nov. 12, 2025, 04:19 PM
Next up on our podcast series with 2025 Used Car Week Hall of Fame inductees is a conversation with Jerry Kroshus, who is CEO of Location Services. Cherokee Media President Bill Zadeits talks with Kroshus about his career journey in ... Listen Here
Used Car Week Hall of Famer Kathy Ruble of Ally
Tuesday, Nov. 11, 2025, 07:52 PM
Next up on our podcast series with 2025 Used Car Week Hall of Fame inductees, we catch up with Kathy Ruble, who is executive director of marketing, dealer financial services and communications at Ally. Ruble has been the longtime moderator ... Listen Here

Location Services pays DRN $325K to settle non-compete case with DigitalDog Auto Recovery

federal court house_2
Thursday, Nov. 15, 2018, 04:56 PM
SubPrime Auto Finance News Staff
AI and data analytics company Digital Recognition Network (DRN) announced on Thursday that rather than go to trial on the issue of damages, Location Services and DRN have agreed on a settlement after Federal Court ruled in DRN’s favor.  Location ... [Read More]

Primeritus names new chief executive

NEW CEO
Monday, Nov. 12, 2018, 03:32 PM
SubPrime Auto Finance News Staff
As Used Car Week kicked off this Monday in Scottsdale, Ariz., Primeritus Financial Services announced a new chief executive officer. Mike Thomas has been named CEO, and the move is effective immediately.  Thomas succeeds Scott Peters in the position, who joined ... [Read More]

KAR ramps up recovery services with purchase of Clearplan

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Monday, Nov. 12, 2018, 02:39 PM
SubPrime Auto Finance News Staff
KAR Auction Services today announced it has boosted its asset recovery capabilities with the purchase of Clearplan.  Based in Reno, Nev., Clearplan is a digital platform for recovery agents, drivers, forwarders and lenders that acts as a centralized, mobile “cloud-based ... [Read More]

Fed keeps interest rates steady

interest rates
Friday, Nov. 9, 2018, 03:17 PM
SubPrime Auto Finance News Staff
There’s no doubt about the Federal Reserve’s decision revealed this week to leave interest rates as they are at least for the time being. By a unanimous vote, the Federal Open Market Committee decided to maintain the target range for ... [Read More]

How Location Services is blending diverse backgrounds into one recovery team

strategy picture
Friday, Nov. 9, 2018, 02:29 PM
SubPrime Auto Finance News Staff
What Locations Services believes is the recipe for success in the repossession and recovery industries includes taking executives from an array of well-known companies such as Ally Financial, PAR North America and Remarketing of America and fueling them with the ... [Read More]

Top 100 markets where millennials carry most auto debt

approve
Wednesday, Nov. 7, 2018, 09:15 PM
SubPrime Auto Finance News Staff
This week, LendingTree released its study on where millennials owe the most on their financed vehicles. And as they say, everything is bigger in Texas. The results, ranked by median balance, showed where millennials are the most and least burdened ... [Read More]

Consolidated Asset Recovery Systems and DRN enhance working relationship

fintech investment
Wednesday, Nov. 7, 2018, 04:55 PM
SubPrime Auto Finance News Staff
Two prominent industry names — Consolidated Asset Recovery Systems and Digital Recognition Network (DRN) — now are working even closer together. The two companies that will each have prominent appearances during Repo Con at Used Car Week 2018 announced on ... [Read More]

AGORA unveils validation report for seasoned contracts

auto financing
Monday, Nov. 5, 2018, 05:04 PM
SubPrime Auto Finance News Staff
AGORA Data is responding to the need for accurate information involving seasoned vehicle installment contracts. On Monday, the secondary loan marketplace announced what that company believes is the release of the first-ever loan validation report for seasoned loans. AGORA’s proprietary ... [Read More]

Secure Collateral Management to leverage MBSi’s compliance management system

compliance pic
Monday, Nov. 5, 2018, 05:02 PM
SubPrime Auto Finance News Staff
Secure Collateral Management already announced the skip-tracing and collateral recovery provider was moving into a new headquarters. And then Monday, Secure Collateral Management and MBSi Corp. — a member of the Automotive Intelligence Council and provider of repossession assignment software ... [Read More]

New-model prices keep rising as average APR hits highest point in 9 years

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Thursday, Nov. 1, 2018, 02:44 PM
SubPrime Auto Finance News Staff
Finance companies continue to fill and expand their portfolios, especially when buying paper attached to a new vehicle that’s becoming more difficult for consumers to afford as transaction prices and interest rates keep climbing. October data shared by Edmunds and ... [Read More]
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