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Cutting keys & cutting costs during repossessions and recoveries
Wednesday, Dec. 10, 2025, 04:42 PM
Drawing standing-room-only attendance in the second-largest setting at Used Car Week 2025, Ryan Miller led a six-executive panel session that focused on one of the most complex challenges in all of repossessions and recoveries. Now available through this episode of ... Listen Here
Four experts on automotive & the economy
Wednesday, Dec. 10, 2025, 04:39 PM
Used Car Week 2025 again brought together experts who can explain which parts of the economy impact automotive most. This year’s event included views from Laura Wehunt of Black Book, Tim Gill of the American Financial Services Association, T.J. Cox ... Listen Here
Sponsored Episode: Winning Trade-Ins and Trust – Navigating Today’s Affordability Challenges
Friday, Dec. 5, 2025, 03:15 PM
Affordability challenges are reshaping the automotive landscape—vehicle prices and payments are at all-time highs and negative equity is on the rise. In this episode, Micah Tindor offers a data-driven conversation with real-world strategies around acquisition tactics and long-term profitability to ... Listen Here

Only 22% of Americans Saving for Future Expenses

piggy bank 1
Monday, Apr. 13, 2015, 03:33 PM
SubPrime Auto Finance News Staff
A recent consumer survey conducted by Harris Poll on behalf of Ally Financial showed the potential for buyers arriving at the dealership with a savings account containing enough money to make a down payment high enough to satisfy finance company ... [Read More]

CPS Looks to Generate $50M Through Note Offering

money 1
Monday, Apr. 13, 2015, 03:31 PM
SubPrime Auto Finance News Staff
Based on its latest filing with the Securities and Exchange Commission, Consumer Portfolio Services is looking to collect more resources to ramp up its subprime auto financing. The company said in the filing that it’s offering renewable unsecured subordinated notes to ... [Read More]

Former SunTrust Exec Joins Black Book

new hires floating above hands
Monday, Apr. 13, 2015, 01:29 PM
SubPrime Auto Finance News Staff
Black Book tapped a former SunTrust Bank executive today to be its new vice president of lender solutions. Joining the company and bringing 20 years of automotive finance industry experience is Barrett Teague, who will be responsible for overseeing strategic ... [Read More]

3 Reasons Not to Fear CFPB Complaint Database Policy

complaint pic
Friday, Apr. 10, 2015, 03:31 PM
SubPrime Auto Finance News Staff
FNI Inc. president David Bafumo took a couple of weeks to analyze the complaint database policy the Consumer Financial Protection Bureau revealed; a move that generated immediate skeptical reaction for industry associations. Now that potentially the immediate dust has settled ... [Read More]

NIADA, Dealertrack Offering Free F&I Guidance

randy henrick clip for SPN
Friday, Apr. 10, 2015, 03:26 PM
SubPrime Auto Finance News Staff
The National Independent Automobile Dealers Association and Dealertrack Technologies recently joined forces to give dealers an opportunity to get their F&I department questions answered without paying a retainer or being charged billable hours. Dealertrack associate general counsel Randy Henrick worked ... [Read More]

DRN Completes SOC 2 Type 1 Audit Report Certification

news
Friday, Apr. 10, 2015, 03:23 PM
SubPrime Auto Finance News Staff
Digital Recognition Network announced this week that the company’s vehicle location data and license plate recognition technology services completed and passed a SOC 2 (Service Organization Control) Type 1 report for security, availability and confidentiality. DRN officials highlighted that independent ... [Read More]

ABA Report Shows Q4 Delinquencies Moved Little

pen and bar graphs
Thursday, Apr. 9, 2015, 03:02 PM
SubPrime Auto Finance News Staff
The latest American Bankers Association’s Consumer Credit Delinquency Bulletin showed auto loan performance in the fourth quarter didn’t stumble much as the two categories analysts track moved only a total of 3 basis points year-over-year. ABA reported that direct auto ... [Read More]

Why Employment Data Bodes Well for Financing

employment pic
Wednesday, Apr. 8, 2015, 04:05 PM
Nick Zulovich, Editor
While acknowledging there are some murky points about the latest U.S. employment trends that could concern finance companies and their origination departments, Manheim chief economist Tom Webb explained how managers can focus on the most important elements that can keep ... [Read More]

NextGear Capital Adds 2 Execs to Leadership Team

welcome new team member
Wednesday, Apr. 8, 2015, 04:03 PM
SubPrime Auto Finance News Staff
Less than seven days after making a trio of executive appointments, NextGear Capital announced two more additions to its leadership team this week. NextGear Capital explained these new roles will allow the inventory finance company to focus on existing integration ... [Read More]

Financial Network & Clarity Services Enhance Relationship to Boost Underwriting

integration button
Wednesday, Apr. 8, 2015, 04:00 PM
SubPrime Auto Finance News Staff
Loan origination systems provider Financial Network and credit risk management solutions firm Clarity Services recently enhanced their relationship to incorporate Clarity’s new Clear Income Attributes report. Officials highlighted FNI’s loan origination solutions will be strengthened as a result of Clarity’s ... [Read More]
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