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SPONSORED EPISODE: Five questions to ask before choosing a transportation partner
Tuesday, Nov. 4, 2025, 09:15 PM
This sponsored episode of the Auto Remarketing Podcast features two experts from Central Dispatch who offer valuable guidance for choosing a transportation partner. Shanna Wise, who oversees business strategy execution, and Blake Bentley, who leads enterprise client account success, take ... Listen Here
Inside Auto Auction M&A with Mach10 CEO George Pero
Tuesday, Oct. 28, 2025, 02:01 PM
The auto auction industry has seen a spike in M&A over the last three years, similar to the consolidation in auto retail that has been going on much longer. And our guest today has experience with both. George Pero is ... Listen Here
Insight into Q3 Wolters Kluwer Auto Finance Digital Transformation Index
Monday, Oct. 27, 2025, 04:17 PM
While the year-over-year figure reflects broader market volatility, Matthew Babcock, who oversees digital lending product strategy for Wolters Kluwer, explained the strong quarter-over-quarter increase of the Q3 Wolters Kluwer Auto Finance Digital Transformation Index signals market re-engagement. Babcock elaborated about ... Listen Here

10 attributes about millennials’ ‘fragile’ financial standing

business man and woman having coffee
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

Bill_Fox at conference for SPN
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

money 4
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

michael thurman at UCW
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

gavel 2
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

news report stock photo
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

capitol hill for spn story
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

new hires floating above hands
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]

AmTrust Financial Services closes acquisition of Warranty Solutions

money 1
Wednesday, Sep. 30, 2015, 03:55 PM
SubPrime Auto Finance News Staff
AmTrust Financial Services recently completed of the acquisition of Warranty Solutions from Wells Fargo & Co. for approximately $158 million in cash. Officials indicated the transaction is expected to be immediately accretive, meaning it will add more value than the ... [Read More]

Fifth Third Bank ordered to pay $18M, reduce mark-up to 1.25% or less

gavel 4
Monday, Sep. 28, 2015, 06:48 PM
SubPrime Auto Finance News Staff
First Ally Financial, then American Honda Finance Corp., and on Monday, the Consumer Financial Protection Bureau added Fifth Third Bank to its list of recipients of multi-million-dollar actions for what the regulators determined to be discrimination in vehicle financing. As ... [Read More]
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