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Industry Elite honoree Jennifer Turnage on why accurate financial information can make or break any business
Wednesday, Mar. 25, 2026, 05:01 PM
Next up on in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Jennifer Turnage, who is chief executive officer of Primeritus Financial Services. Turnage talks with Cherokee Media Group senior editor Nick Zulovich about the importance ... Listen Here
Industry Elite honoree Kelly Wyatt on 25-year career with GM Financial
Wednesday, Mar. 25, 2026, 04:43 PM
Next up on in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Kelly Wyatt, who is chief digital officer with GM Financial. Wyatt shares a conversation with Cherokee Media Group senior editor Nick Zulovich about being ... Listen Here
Industry Elite: Sean Morgan of Westlake Financial
Monday, Mar. 23, 2026, 03:07 PM
Next up on in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Sean Morgan, who is executive vice president of finance and operations at Westlake Financial. Morgan talks with Cherokee Media Group senior editor Joe Overby ... Listen Here

Proposed FTC order spells out what not to do in collections

Friday, May. 2, 2025, 09:46 AM
SubPrime Auto Finance News Staff
A proposed order detailed by the Federal Trade Commission this week gave auto finance companies clear bullet points of what not to do when it comes to their collections activities. In developments outside of automotive, the FTC alleged that Global ... [Read More]

CreditGauge reveals some stability in subprime auto finance & overall credit market

Thursday, May. 1, 2025, 11:37 AM
SubPrime Auto Finance News Staff
While overall consumer credit balances remained largely stable, the March edition of CreditGauge from VantageScore offered deeper insight into the subprime credit tier and auto financing. When looking only at subprime consumers — what VantageScore pegs as individuals with scores ... [Read More]

11 awards given during NARS 2025

Wednesday, Apr. 30, 2025, 12:14 PM
SubPrime Auto Finance News Staff
The repossession community gathered in Orlando, Fla., last week for the annual North American Repossessors Summit (NARS). Along with organizing insightful panel discussions, crucial training workshops and demonstrations as well as productive meetings between finance companies and repossession agents, the ... [Read More]

Zest AI integrates credit decisioning & fraud detection into Temenos loan origination solution

Wednesday, Apr. 30, 2025, 10:51 AM
SubPrime Auto Finance News Staff
In a move geared toward more credit access, Zest AI on Tuesday announced the native integration of its automated underwriting and fraud detection with the Temenos loan origination solution. The companies highlighted this seamless integration provides traditional financial institutions in ... [Read More]

Organizations upbeat about auto refinancing outlook

Wednesday, Apr. 30, 2025, 10:37 AM
SubPrime Auto Finance News Staff
While the Federal Reserve hasn’t lowered interest rates yet this year, institutions that participate in auto refinancing are upbeat about the volume they could generate in the coming months. Two examples of the bullish perspective recently came from iLending and ... [Read More]

Consumer sentiment continues to sag as even prime auto ABS experiences turbulence

Tuesday, Apr. 29, 2025, 10:19 AM
Nick Zulovich, Senior Editor
Federal Reserve chair Jerome Powell quipped during an appearance at the Economic Club of Chicago earlier this month, saying, “As that great Chicagoan Ferris Bueller once noted, ‘Life moves pretty fast.’” Nowadays, many consumers don’t appear to be liking how ... [Read More]

VantageScore generates record 41.7 billion credit scores in 2024

Monday, Apr. 28, 2025, 10:18 AM
SubPrime Auto Finance News Staff
The latest Charles River Associates analysis released on Monday showed that VantageScore credit score usage is up sharply by 55% year-over-year to a record 41.7 billion credit scores delivered in 2024. That’s up from 26.9 billion in 2023, as lenders ... [Read More]

CFPB withdraws from lawsuit against Credit Acceptance

Thursday, Apr. 24, 2025, 10:52 PM
Nick Zulovich, Senior Editor
Immediately drawing applause from the American Financial Services Association, Credit Acceptance announced late on Thursday that a lawsuit involving the Consumer Financial Protection Bureau (CFPB) took a positive turn for the subprime auto finance company. According to a news release ... [Read More]

With trillions of debt outstanding in auto & beyond, 35% of consumers can’t pay on time

Thursday, Apr. 24, 2025, 10:32 AM
SubPrime Auto Finance News Staff
According to Experian’s State of the Automotive Finance Market Q4 2024, the outstanding balances connected to auto financing grew from $1.106 trillion at the close of 2018 to $1.485 trillion at the end of last year. And to finish 2024, ... [Read More]

With Fed still seeing growth at ‘solid pace,’ Fitch expects credit deterioration

Tuesday, Apr. 22, 2025, 10:12 PM
SubPrime Auto Finance News Staff
Fitch Ratings predicted on Friday that the Federal Reserve likely won’t trim interest rates again until the fourth quarter, while U.S. credit trends are likely to deteriorate during the second half of the year. And on Tuesday, Fed Governor Adriana ... [Read More]

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