Metrolina Credit Co., which specializes in subprime auto financing, recently opened its first branch outside of North Carolina. The newest addition to the company’s branch network of four full-service operations is located in Greenville, S.C.  The footprint growth also marks ... [Read More]

Eight dealer, financial services and pro-business organizations delivered another strong message to the Consumer Financial Protection Bureau to address the bias and error found in the method the CFPB uses to determine whether unintentional disparate impact exists in an indirect ... [Read More]

On the heels of FICO renewing an agreement with TransUnion, the predictive analytics and decision management software company announced this week that FICO Score 9 is available now at Experian for U.S. credit grantors to use for testing and validation. ... [Read More]

The Association of Finance & Insurance Professionals (AFIP) announced that Ryan Cole, a senior in the Automotive Marketing and Management program at Northwood University in Midland, Mich., was named the Jakob Murray Lange Memorial Scholarship winner for 2015. Officials indicated ... [Read More]

Experian Automotive found that the total outstanding balance on open automotive loans hit an all-time high during the fourth quarter, but subprime contracts constituted a smaller part of the figure. That all-time high figure climbed to $886 billion. But according ... [Read More]

The latest Equifax analysis of the subprime auto finance industry triggered memories of when auto finance leader Lou Loquasto first began his professional career. Not only did Equifax call the subprime auto space “sound,” but analysts also found data that clearly ... [Read More]

Chernek Consulting president Rebecca Chernek and SubPrime Auto Finance News contributor recently launched her consulting firm’s interactive online F&I training program, Chernek Consulting Virtual Pro. Chernek highlighted the program’s three modules — F&I Basics, Off-Prime Customers & Financing and How ... [Read More]

Hyundai Capital America that does business as Hyundai Motor Finance and Kia Motors Finance entered into a two-year sponsorship agreement this week with New York City’s Museum of Modern Art (MoMA) — what the captive finance companies called the foremost ... [Read More]

SubPrime Auto Finance News reached out to Manheim chief economist Tom Webb because he went on Twitter Monday morning and said, “Tax stats not looking good.” You probably don’t need Webb’s economic knowledge to recognize that a tax refund cash ... [Read More]

The Consumer Financial Protection Bureau estimates that there is approximately $1.2 trillion in outstanding student loan debt, with more than 7 million Americans in default on more than $100 billion in balances. With those figures in mind, EFG Companies acknowledged ... [Read More]