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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

New CFPB rule bans mandatory arbitration

arbitration 2
Monday, Jul. 10, 2017, 06:39 PM
SubPrime Auto Finance News Staff
Check those installment contracts. Arbitration appears to be no longer an option for dealerships and finance companies to settle conflicts with consumers. On Monday, the Consumer Financial Protection Bureau announced a new rule to ban companies from using mandatory arbitration clauses ... [Read More]

5 points from FactorTrust’s non-prime survey

analysis pic
Monday, Jul. 10, 2017, 02:20 PM
SubPrime Auto Finance News Staff
FactorTrust recently released findings from an industry-wide survey on the use of alternative data in the non-prime auto financing space, which indicate that alternative data is being more commonly used for underwriting purposes in this market. The survey, sponsored by ... [Read More]

Buyers in only 1 of top 25 metro areas can afford new vehicles

expensive
Wednesday, Jul. 5, 2017, 03:07 PM
SubPrime Auto Finance News Staff
Along with looking to ascertain how few Americans have no emergency savings, a median-income household can only afford the average-priced new vehicle in one of the 25 largest U.S. metropolitan areas, according to a new Bankrate.com report released this week. ... [Read More]

PointPredictive secures funding to enhance fraud solution

news update 1
Wednesday, Jul. 5, 2017, 03:06 PM
SubPrime Auto Finance News Staff
With interest gaining steam toward combating fraud, PointPredictive landed funding from Mosaik Partners, an expansion-stage venture capital fund, to enhance its efforts as a provider of fraud solutions to banks, lenders and finance companies. PointPredictive announced on Wednesday that the ... [Read More]

Metrolina Credit opens new corporate offices

open for business
Wednesday, Jul. 5, 2017, 03:04 PM
SubPrime Auto Finance News Staff
This week, Metrolina Credit Co. celebrated more than just Independence Day. The finance company that often originates subprime installment contracts with both independent and franchised dealers announced the opening of its new corporate offices and flagship branch office in Charlotte, N.C. ... [Read More]

New record set within June’s new & used finance data

arrow up money
Monday, Jul. 3, 2017, 02:05 PM
SubPrime Auto Finance News Staff
As buyers’ appetites for bigger and more expensive vehicles grow, Edmunds found the contract term length for new-model financing reached an all-time high in June with the terms for used-vehicle deliveries not far off that record-setting pace. According to a ... [Read More]

Pelican chooses Payix for collections & mobile app

lady on iphone
Friday, Jun. 30, 2017, 02:20 PM
SubPrime Auto Finance News Staff
This week, Pelican Auto Finance selected Payix to provide its collections tools, including its new mobile collections application. The tools are designed to help Pelican better connect with its contract holders and improve its ability to collect installment payments. The ... [Read More]

BillingTree names new CFO, plus 2 other senior executives

business handshake
Thursday, Jun. 29, 2017, 03:00 PM
SubPrime Auto Finance News Staff
Payment technology and merchant services provider BillingTree recently announced the appointment of Bryan Schreiber as chief financial officer, along with two other senior personnel moves involving its leadership team. BillingTree indicated Schreiber will oversee the company’s expansion plans to spearhead ... [Read More]

Reynolds adds Delaware, Alaska, Iowa and Mississippi to F&I Library

puzzle pieces coming together
Thursday, Jun. 29, 2017, 02:58 PM
SubPrime Auto Finance News Staff
During the past three months, Reynolds and Reynolds added four more states where its LAW F&I Library — a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents for franchised dealers — is now available. Resources now are ... [Read More]

Carfax & MeridianLink partner to enhance vehicle history report accessibility

handshake in front of company
Wednesday, Jun. 28, 2017, 03:14 PM
SubPrime Auto Finance News Staff
Carfax and MeridianLink recently teamed up to make it easier for auto finance companies to get Carfax Vehicle History Reports. Using MeridianLink’s LoansPQ loan origination system (LOS), officials highlighted this week that thousands of auto finance companies now can order ... [Read More]
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