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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

AutoFi lands another $10M in funding, heading to Canada

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Thursday, Aug. 24, 2017, 01:35 PM
SubPrime Auto Finance News Staff
Investment continues to be pushed into new technology designed to respond to how consumers want to purchase and finance their next vehicle. The newest development involves the captive associated with one of the Big 3 domestics. Financial technology company AutoFi ... [Read More]

UPDATED: 70 finance companies already listed with SuperMoney’s new platform

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Wednesday, Aug. 23, 2017, 02:59 PM
Nick Zulovich, Senior Editor
More than 70 finance companies are now included with a technology startup that’s aiming to provide consumers with an online auto financing search and booking process similar to what they already can use to secure flights or hotel rooms. SuperMoney, ... [Read More]

NJ Hyundai dealer agrees to 8 conditions in settlement with attorney general

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Wednesday, Aug. 23, 2017, 02:56 PM
SubPrime Auto Finance News Staff
What law enforcement determined to be deceptive practices associated with dealership advertising of financing options recently surfaced again — this time in New Jersey. Garden State attorney general Christopher Porrino and the state’s Division of Consumer Affairs announced that a ... [Read More]

3 critical questions for repo agents about locksmiths

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Wednesday, Aug. 23, 2017, 02:54 PM
SubPrime Auto Finance News Staff
The Council of Repossession Professionals (CORP) cautioned repo agencies about the potential pitfalls of using a locksmith company that might be mandated by a particular finance company client but could utilize employees who may not be aware or comply with ... [Read More]

3 reasons why KBRA remains ‘comfortable’ with ABS fundamentals

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Tuesday, Aug. 22, 2017, 02:08 PM
SubPrime Auto Finance News Staff
Despite four factors that might make its confidence deteriorate, Kroll Bond Rating Agency (KBRA) said in a report released on Monday that it remains “comfortable” with auto loan ABS fundamentals. That assertion came within the firm’s newest structured finance research ... [Read More]

Westlake’s latest investments in technology, training

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Monday, Aug. 21, 2017, 03:05 PM
SubPrime Auto Finance News Staff
As Westlake Financial Services broadened its employee training program, the finance company also recently agreed to use Equifax’s dealer intelligence platform, TradeSight, to manage and monitor its dealer relationships. TradeSight can help finance companies analyze originations, current and future dealer ... [Read More]

FICO looks to optimize deal structures with new tool

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Monday, Aug. 21, 2017, 02:58 PM
SubPrime Auto Finance News Staff
FICO now has more than just a consumer credit score to offer auto finance companies during the origination process. Leveraging its deep analytic expertise coupled with advanced algorithms and the latest optimization technology, FICO recently highlighted its new automotive industry-specific ... [Read More]

July auto default rate continues summertime trend

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Friday, Aug. 18, 2017, 02:33 PM
SubPrime Auto Finance News Staff
As what’s happened four out of the past five years, auto finance defaults made a slight uptick in July versus the previous month. The auto portion of the S&P/Experian Consumer Credit Default Indices released this week showed that defaults increased ... [Read More]

New York AG returns to making dealer settlements over F&I misdeeds

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Friday, Aug. 18, 2017, 02:30 PM
SubPrime Auto Finance News Staff
After taking a trio of actions involving more than two dozen dealerships in the span of about a year, New York attorney general Eric Schneiderman wielded his enforcement powers again this week in association with F&I activities. Schneiderman announced a ... [Read More]

Using math and time to overcome VSC objections

time is money
Thursday, Aug. 17, 2017, 02:21 PM
SubPrime Auto Finance News Staff
The training team at GWC Warranty acknowledged even the best F&I presentations are oftentimes countered with an objection over the added monthly cost of a vehicle service contract. The company also understands how dealers emphasize that overcoming this common customer ... [Read More]
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