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Cox Automotive’s Andy Mayers on opportunity in subprime & elsewhere in auto finance
Friday, Oct. 3, 2025, 02:33 PM
Andy Mayers sees opportunity in subprime and other parts of auto finance. The associate vice president of business operations for retail solutions with Cox Automotive explained his reasons during this episode of the Auto Remarketing Podcast. Mayers also mentioned another ... Listen Here
The Future of EVs & More From the OEM Lens
Tuesday, Sep. 30, 2025, 07:38 PM
Laurie Harbour is a partner at Wipfli, a top 25 accounting and advisory firm, and works with automakers and suppliers on how to adjust to changing winds of automotive. Harbour joins the Auto Remarketing Podcast to discuss how automakers are ... Listen Here
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

FinBe USA hires new chief risk officer

Wednesday, Aug. 21, 2024, 09:49 AM
SubPrime Auto Finance News Staff
About a month after rolling out a financing program tailored for work trucks, FinBe USA announced the hiring of a new chief risk officer on Wednesday. Through a post on LinkedIn, FinBe USA welcomed Raghu Venkat, who is bringing more ... [Read More]

KPA unveils new compliance solution for advertising, sales & finance

Wednesday, Aug. 21, 2024, 09:44 AM
SubPrime Auto Finance News Staff
KPA on Tuesday launched a new guided solution for advertising, sales and finance (ASF) compliance, designed specifically for dealerships navigating changing regulations. KPA said this combination of software and consulting services provides an end-to-end solution to lower business risk, avoid ... [Read More]

From the editor: Interesting perspectives from newest members of the FTC

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Monday, Aug. 19, 2024, 03:45 PM
Nick Zulovich, Senior Editor
Melissa Holyoak and Andrew Ferguson are the two newest commissioners of the Federal Trade Commission, having been sworn into their positions in March and April, respectively. But Holyoak and Ferguson certainly are not bashful when questioning how the FTC operates, ... [Read More]

Asbury says FTC allegations of ‘payment packing’ are ‘false and unfounded’

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Monday, Aug. 19, 2024, 11:17 AM
SubPrime Auto Finance News Staff
Late last week, Asbury Automotive Group rejected “false and unfounded” allegations by the Federal Trade Commission (FTC) of “payment packing” at three of its dealerships in the Dallas-Fort Worth area. The development surfaced a couple of days after the FTC ... [Read More]

LendingClub survey reveals how unaware consumers are about current outstanding debts

Revisiting topic of partial payments
Monday, Aug. 19, 2024, 11:15 AM
SubPrime Auto Finance News Staff
Recent analysis by LendingClub Corp. might reinforce why the debt-to-income portion of your auto finance company’s underwriting guidelines could be dinging applications more often nowadays — especially if the individual is leaning heavily on their credit cards. LendingClub’s research on ... [Read More]

Dissension surfaces even when FTC votes unanimously to punish Arizona dealers

3 commissioners gain confirmation at FTC
Friday, Aug. 16, 2024, 11:24 AM
Nick Zulovich, Senior Editor
Here’s how a unanimous vote can still contain dissension in the automotive regulatory world. The Federal Trade Commission voted unanimously to join the state of Arizona against a pair of franchised dealerships. Officials said the stores engaged in a wide ... [Read More]

CFPB brings its own enforcement action involving credit repair

subprime credit report
Wednesday, Aug. 14, 2024, 02:37 PM
SubPrime Auto Finance News Staff
A couple of days after the Federal Trade Commission handed out penalties associated with credit repair, the Consumer Financial Protection Bureau (CFPB) took similar actions involving the same topic last week, too. The CFPB filed a proposed order to resolve ... [Read More]

Auto-credit availability dips for fourth consecutive month

Tuesday, Aug. 13, 2024, 05:11 PM
SubPrime Auto Finance News Staff
The flow of credit from the auto-finance spigot is steadily decreasing. The Dealertrack Credit Availability Index now has declined for four months in a row, as Cox Automotive reported the July reading at 92.9. That index level represented a 1.0% ... [Read More]

Obra Capital buys out Solera Auto Finance

Tuesday, Aug. 13, 2024, 11:53 AM
SubPrime Auto Finance News Staff
Solera Auto Finance has new owners and branding. Obra Capital, an asset management firm with a specialized approach to alternative investing, on Tuesday announced a buyout of the finance company from Solera Corp. First launched at NADA Show 2022, Obra ... [Read More]

TransUnion spots another quarterly decline in subprime auto

Monday, Aug. 12, 2024, 11:11 AM
SubPrime Auto Finance News Staff
Auto finance originations are down, personal loan balances sit at a record high, and consumers of all credit tiers are antsy for an interest-rate reprieve from the Federal Reserve. Those findings are the primary highlights of Q2 2024 Quarterly Credit ... [Read More]
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