AFSA & NIADA welcome halt of discretionary publication of complaint narratives & visualizations by CFPB
Monday, Aug. 17, 2026, 10:34 AM
DriveItAway posts highest monthly revenue in company history
Friday, Aug. 14, 2026, 10:26 AM
Credit Acceptance plucks Amazon AI expert to be CTO
Thursday, Aug. 13, 2026, 09:48 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
CFPB establishes Office of Innovation as director nominee faces Senate
SubPrime Auto Finance News Staff
Coinciding with Kathleen Kraninger telling the Senate Banking Committee this week how she would oversee the regulator as its new director, the Consumer Financial Protection Bureau outlined the head of a new division — the Office of Innovation. Acting director ... [Read More]
Levison: Are you buying a repo service or a repo result?
Mike Levison, ALS Resolvion
Over the years, repossession and skip-tracing services have come to be viewed somewhat as commodities by many in the lending community. As such, outside of compliance, the primary focus around the management of these services has been cost. After all, since ... [Read More]
June auto default rate stays flat
SubPrime Auto Finance News Staff
For the first time since last fall, the auto default rate remained flat on a sequential basis. According to data through June released this week by S&P Dow Jones Indices and Experian, last month’s reading came in at 0.93 percent; ... [Read More]
Kennedy: Reviewing non-prime auto performance and looking ahead
Joel Kennedy, Spinnaker Consulting Group
I’ve recently spent a considerable amount of time poring over the 2018 Non-Prime Automotive Finance Survey, which is administered annually by the National Automotive Finance Association. All who review this important survey will see the story of increasing operating expenses, ... [Read More]
RouteOne adds C&F Finance to growing list of available e-contracting finance sources
SubPrime Auto Finance News Staff
Late last week, RouteOne announced that C&F Finance Co. is now an available e-contracting finance source for dealers utilizing the RouteOne platform. The move was made in an effort to augment the digital exchange of critical contract documents and data ... [Read More]
Equifax acquires DataX to enhance alternative-data capabilities
SubPrime Auto Finance News Staff
Now all three major credit bureaus have made a move to bolster their offerings within the alternative-data space. On Monday, Equifax announced that it has acquired DataX, a leading specialty finance credit reporting agency and alternative data provider to finance ... [Read More]
GWC Warranty introduces major account management team
SubPrime Auto Finance News Staff
This week, GWC Warranty announced the inception of a newly created major account management team. The provider of used-vehicle service contracts sold through dealers indicated this new team of five highly skilled and experienced account managers will be led by ... [Read More]
Penske extends agreement with Reynolds and Reynolds
SubPrime Auto Finance News Staff
Reynolds and Reynolds enhanced its relationship with the Penske Automotive Group this week. The two companies announced they extended their exclusive agreement for Reynolds to provide the Reynolds Retail Management System to all Penske franchised dealerships in the U.S. and ... [Read More]
NY Honda dealer penalized nearly $500K by AG
SubPrime Auto Finance News Staff
The challenges of working with customers who might not be fluent in English has cost a New York franchised dealership nearly $500,000. New York attorney general Barbara Underwood recently announced a settlement requiring Bay Ridge Honda of Brooklyn to reform ... [Read More]
AFS Acceptance rebrands and rolls out broad expansion strategy
SubPrime Auto Finance News Staff
Back in October 2015, AFS Acceptance chief executive officer Dov Szapiro explained why his company’s decision to sell 65 percent of its equity to Mexican finance institution Credito Real “could not have occurred at a better time.” Now this summer, ... [Read More]
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