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Automotive Intelligence Award honoree Satyan Merchant of TransUnion
Wednesday, Apr. 1, 2026, 07:01 PM
Our conversations with the 2026 Automotive Intelligence Award winners wrap up with Satyan Merchant, who is senior vice president, automotive and mortgage business leader at TransUnion. Merchant recollected how his interest in data started when studying statistics on the back ... Listen Here
Top Reasons Dealers can benefit by attending the Used Car Summit
Wednesday, Apr. 1, 2026, 03:27 PM
On this episode of the Auto Remarketing Podcast, Bill Zadeits has a conversation with Vanessa Rocha, VP, All-American Bonds and Insurance and a Board member with the Florida Independent Auto Dealers Association. Vanessa speaks to some of the big issues ... Listen Here
Industry Elite: Tony Rimas of XPEL
Tuesday, Mar. 31, 2026, 07:40 PM
Concluding our inaugural Industry Elite: The C-Suite honoree series is a conversation with Tony Rimas, who is vice president of global revenue at XPEL Inc. Rimas — an avid biker who swam and ran track & field and cross country ... Listen Here

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]

TransUnion finds 9.3M consumers couldn’t handle rate rise

fed interest rate pic
Monday, Sep. 26, 2016, 04:28 PM
SubPrime Auto Finance News Staff
While the Federal Reserve chose again to pass on moving interest rates higher, research from TransUnion found that up to 92 million credit-active consumers would experience some type of monthly debt service payment increase if policymakers had raised interest rates ... [Read More]

Intellaegis gains new chairman

news
Friday, Sep. 23, 2016, 01:46 PM
SubPrime Auto Finance News Staff
Intellaegis is getting new board chairman: former Exeter Finance Corp. chief executive officer and board member Mark Floyd. This news came as part of an announcement from Exeter on Thursday. The specialty auto finance company said that former GE Capital executive ... [Read More]

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