AFSA & NIADA welcome halt of discretionary publication of complaint narratives & visualizations by CFPB
Monday, Aug. 17, 2026, 10:34 AM
Edmunds on depth of ‘The Vanishing Affordable Used Car’
Tuesday, Aug. 18, 2026, 10:17 AM
PODCAST: Additional insight into FTC’s move involving disparate impact from Hudson Cook
Tuesday, Aug. 18, 2026, 09:25 AM
Additional insight into FTC’s move involving disparate impact from Hudson Cook
The Federal Trade Commission recently announced it will not pursue claims based on disparate-impact or “unfair discrimination” theories. In this episode of the Auto Remarketing Podcast, Hudson Cook partners Erica Kramer and Rob Tilley offered some historical perspectives and a ... Listen Here
Deeper dive into rising LTVs with TransUnion’s Satyan Merchant
One of the notable findings from TransUnion’s Q2 2026 Credit Industry Insights Report (CIIR) was how much loan-to-value ratios have changed in the past five years. Satyan Merchant, one of this year’s Automotive Intelligence Award recipients and senior vice president ... Listen Here
PayNearMe chief product officer John Minor on intersection of payments & technology
PayNearMe recently shared new search, explaining that hidden costs sustained by auto lenders can show up as failed payments, borrower support calls, late payments, collections follow-up, reconciliation work and manual recovery effort. PayNearMe chief product officer John Minor elaborated about ... Listen Here
Compliance diary post No. 2: Green check marks look so pretty
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
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
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
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
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
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
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
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
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
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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