Implications for auto finance as Fed ‘is in a pickle’

Thursday, Sep. 18, 2025, 10:18 AM

Arra Finance closes acquisition of Crescent Bank’s auto-finance division

Wednesday, Sep. 17, 2025, 11:37 AM

Safe-Guard opens expanded facility in SC

Wednesday, Sep. 17, 2025, 11:34 AM

Latest Stories

COMMENTARY: Tricolor’s failure is an opportunity for dealers

AFSA & ABA seek collaboration to reduce fraud in auto finance & elsewhere

ARA forms new committee focused on agent safety

Chip Perry & Dom Pope of sellmyride

Friday, Sep. 26, 2025, 03:08 PM

Chip Perry, founding president and CEO of Autotrader and former CEO of TrueCar, has a new role: chairman of sellmyride, a startup seeking to help dealers source inventory from private sellers. Perry and sellmyride founder and president Dom Pope join ... Listen Here

A Look Back at Last Two Decades of the Used-Car Industry in Canada

Thursday, Sep. 18, 2025, 02:32 PM

In the grand finale of our podcast episodes from Canada’s Used Car Week in June, conference chair and Cherokee Media Group president Bill Zadeits is joined by Brad Hart and Peter Snoyer on a panel celebrating 20th anniversary of the ... Listen Here

SPONSORED EPISODE: AI & Big Data Deliver Significant Improvements to Inventory Management

Thursday, Sep. 11, 2025, 04:33 PM

In this sponsored episode of the Auto Remarketing Podcast, Merritt Critcher, Director of Product Management with CDK speaks with Bill Zadeits about the newest trends and potential for AI and big data to meet and exceed the inventory management needs ... Listen Here

Wells Fargo Dealer Services expands in Texas

Wednesday, Oct. 7, 2015, 03:55 PM

Nick Zulovich, Editor

Wells Fargo spokesperson Natalie Brown told SubPrime Auto Finance News late this summer that the company doesn’t “grow for growth’s sake.” So it’s likely the company made a concerted effort with its due diligence as it opened its 57th regional ... [Read More]

Reynolds releases F&I library for Washington

Wednesday, Oct. 7, 2015, 03:03 PM

SubPrime Auto Finance News Staff

This week, Reynolds Document Services, a segment of Reynolds and Reynolds, released the Reynolds LAW Washington F&I Library, a comprehensive catalog of standardized, legally reviewed finance and insurance documents available to franchised dealers in the state of Washington. Reynolds reiterated ... [Read More]

10 attributes about millennials’ ‘fragile’ financial standing

Monday, Oct. 5, 2015, 03:33 PM

SubPrime Auto Finance News Staff

A pair of experts from the Global Financial Literacy Excellence Center at the George Washington University School of Business shared their analysis about millennials’ personal finances and highlighted 10 key findings. Coming from the report titled, Gen Y Personal Finances: ... [Read More]

More than 500 dealers mingle with lawmakers

Monday, Oct. 5, 2015, 03:30 PM

SubPrime Auto Finance News Staff

The National Automobile Dealers Association chose an appropriate time to conduct its Washington Conference with all of the vehicle financing activity that percolated out of the nation’s capital last week. More than 500 franchised dealers and dealer association executives from ... [Read More]

Credit Acceptance completes $75M secured warehouse facility

Monday, Oct. 5, 2015, 03:22 PM

SubPrime Auto Finance News Staff

Credit Acceptance recently completed a $75 million revolving secured warehouse facility with an institutional investor. Under this facility, the company explained it will contribute loans to a wholly owned special purpose entity (SPE) and the SPE may borrow up to the ... [Read More]

2 trends reinforced in Fifth Third action with CFPB

Friday, Oct. 2, 2015, 03:47 PM

Nick Zulovich, Editor

In developments that frustrated a trio of franchised dealer trade groups, it appears the Consumer Financial Protection Bureau strengthened two regulatory patterns when the agency released its enforcement action against Fifth Third Bank earlier this week. To get some clarity about ... [Read More]

Westlake offers 7 details regarding agreement with CFPB

Friday, Oct. 2, 2015, 03:43 PM

SubPrime Auto Finance News Staff

Westlake Financial Services made public statements late Thursday after the Consumer Financial Protection Bureau penalized the subprime auto finance company and its auto title lending subsidiary Wilshire Consumer Credit for pressuring borrowers using what the regulator deemed to be illegal ... [Read More]

CFPB action against Westlake tops $44M

Thursday, Oct. 1, 2015, 07:40 PM

SubPrime Auto Finance News Staff

The second significant Consumer Financial Protection Bureau enforcement action of the week in the auto finance space hit one of the largest players in the subprime market — Westlake Financial Services. On Thursday, CFPB punished Westlake and its auto title ... [Read More]

House lawmakers pepper Cordray over dealer reserve

Wednesday, Sep. 30, 2015, 03:59 PM

Nick Zulovich, Editor

Two of U.S. House membesr who are two of staunchest defenders of dealers and how the indirect auto financing model currently operates — one that still includes dealer reserve — peppered the director of the Consumer Financial Protection Bureau who ... [Read More]

Westlake expanding workforce in Dallas

Wednesday, Sep. 30, 2015, 03:57 PM

SubPrime Auto Finance News Staff

Westlake Financial Services shared its plans this week to expand its servicing team at the WFS Production Center in Dallas. Since its inception back in January, the company highlighted this facility has increased support for Westlake’s dealer partners, providing them with ... [Read More]