Experts see Middle East conflict making current car & credit markets even more challenging

Tuesday, Mar. 24, 2026, 10:27 AM

With additional insight about affordability, FICO watches averages credit scores tick lower again

Wednesday, Mar. 25, 2026, 11:27 AM

PODCAST: Industry Elite honoree Jennifer Turnage on why accurate financial information can make or break any business

Wednesday, Mar. 25, 2026, 01:05 PM

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Edge Financial Services names Marohn as CEO to lead growth strategy

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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

Compliance diary post No. 2: Green check marks look so pretty

compliance diary picture

Monday, Oct. 3, 2016, 03:48 PM

Nick Zulovich, Senior Editor

The green check mark I received through the online testing platform of the National Automotive Finance Association’s Consumer Credit Compliance Certification Program sure did look pretty this past weekend. Instructors Patty Covington and Eric Johnson closed the Module 1 training ... [Read More]

Auto finance growth at 3.5% through first half of year

arrow up money

Monday, Oct. 3, 2016, 03:30 PM

SubPrime Auto Finance News Staff

When Equifax looked at its most recent auto finance data, analysts considered the trend that finance companies might be tightening their underwriting a bit. Still based on the August Equifax National Consumer Credit Trends Report, analysts noticed what they called ... [Read More]

FTC charges 9 Los Angeles stores with yo-yo financing & payment packing

Sage Covina Chevrolet for SPN

Friday, Sep. 30, 2016, 03:34 PM

SubPrime Auto Finance News Staff

Two noncompliant practices consumer advocates often cite to criticize how financing happens at dealerships — yo-yo financing and payment packing — appeared in the rundown of charges made by the Federal Trade Commission against nine Los Angeles-area dealerships and their ... [Read More]

XpressCredit’s BookOut tool now integrated with NADA UCG values

integration button

Friday, Sep. 30, 2016, 03:29 PM

SubPrime Auto Finance News Staff

XpressCredit — a provider of a web-based, indirect lending platform for independent dealerships —recently entered into an agreement with NADA Used Car Guide to accelerate the used vehicle sale and loan approval process. Executives explained the integration of NADA Used ... [Read More]

Wells Fargo to pay $24M over SCRA allegations by DOJ & OCC

news

Thursday, Sep. 29, 2016, 08:02 PM

SubPrime Auto Finance News Staff

Another action involving regulators leveraging the power of the Servicemembers Civil Relief Act (SCRA) surfaced on Thursday afternoon. The Justice Department announced that Wells Fargo Bank, doing business as Wells Fargo Dealer Services, has agreed to change its policies and ... [Read More]

CFPB complaint tally surges past 1M

new cordray pic for SPN

Thursday, Sep. 29, 2016, 02:24 PM

SubPrime Auto Finance News Staff

The Consumer Financial Protection Bureau made it official this week. As of the reading stemming from its September update, the bureau now has handled more than 1 million consumer complaints. "Since opening our doors in 2011, we have handled over ... [Read More]

Yellen acknowledges how bank regulatory burdens can vary

new Janet Yellen for SPN

Wednesday, Sep. 28, 2016, 04:06 PM

SubPrime Auto Finance News Staff

The opening statements Federal Reserve chair Janet Yellen gave to the U.S. House Financial Services Committee certainly appeared to give the sense policymakers recognize the significant difference in banks that might offer auto financing, especially ones with a nationwide footprint versus ... [Read More]

White Clarke Group adds Fried to US consultancy division

new hire

Wednesday, Sep. 28, 2016, 04:02 PM

SubPrime Auto Finance News Staff

On Wednesday, White Clarke Group announced the appointment of Allan Fried to its North American consultancy division as senior consultant. Fried joined the business in August. The company described Fried as a “finance technology heavyweight” who is well-known in the ... [Read More]

Fitch spots softer credit performance & slowing growth

graph concept 1

Tuesday, Sep. 27, 2016, 02:42 PM

SubPrime Auto Finance News Staff

The latest report from Fitch Ratings indicated U.S. auto loan and lease credit performance will likely continue to deteriorate in the second half of 2016 and into 2017. Analysts noted year-over-year credit performance deteriorated for auto finance companies in the ... [Read More]

Compliance diary post No. 1: That’s a lot of information

compliance diary picture

Monday, Sep. 26, 2016, 04:31 PM

Nick Zulovich, Senior Editor

Patty Covington cautioned me beforehand that the opening module of the National Automotive Finance Association’s Consumer Credit Compliance Certification Program would be like drinking from a firehose. Well, she didn’t exaggerate. However, the way she and fellow instructor Eric Johnson ... [Read More]

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