FICO explains reasons for slight dip in average credit scores within auto
Tuesday, Aug. 25, 2026, 10:24 AM
Fitch watches tax-refund boost on securitizations fade during half of the year
Monday, Aug. 24, 2026, 11:22 AM
SEC rolls out more charges against former Tricolor executives who have already been federally indicted
Friday, Aug. 21, 2026, 10:09 AM
SPONSORED EPISODE: Allied Solutions explains why origination is episodic, but servicing is continuous
John Elias, sales specialist in auto finance business development for Allied Solutions, is back as the guest for another sponsored episode of the Auto Remarketing Podcast. Elias explains why current market conditions, affordability pressures and changing vehicle values are combining ... Listen Here
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
Credit Acceptance completes $75M secured warehouse facility
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
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
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
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
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
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
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
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]
3 questions about legal action involving SCUSA & GAP coverage
SubPrime Auto Finance News Staff
FNI’s David Bafumo dissected a class action complaint involving Santander Consumer USA filed in the U.S. District Court for the Northern District of Illinois (Eastern Division) and uncovered three important questions that might impact other auto finance companies. To recap, ... [Read More]
CreditMiner gains bureau global reseller status
SubPrime Auto Finance News Staff
CreditMiner announced that it has acquired full global reseller status with all three major credit bureaus, allowing for what the service provider called a “seamless” transition from a soft bureau transaction to a full application within its software platform. Ahead ... [Read More]
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