SubPrime Auto Finance News has revealed the recipient of this year’s SubPrime Auto Finance Executive of the Year award, an honor sponsored by Black Book Lender Solutions. The accolade is going to Ian Anderson, president of Westlake Financial Services, which ... [Read More]

As Ally Financial declared quarterly dividend payments for certain outstanding preferred stock holders, the U.S. Department of the Treasury announced the completion of its second pre-defined written trading plan for Ally Financial common stock. Treasury officials on Friday said they ... [Read More]

Leaves are falling and so is the performance of the auto ABS market, but it’s not a “cause for alarm.” Fitch Ratings indicated that the typically slower fall season is leading to higher losses for both prime and subprime U.S. ... [Read More]

The newest white paper from Equifax highlighted five reasons why credit scores might not be most accurate or comprehensive way to access a borrower’s qualifications — especially in subprime. Those reasons included: — Credit scores reflect only a portion of ... [Read More]

This week, EFG Companies and the National Association of Minority Automobile Dealers established an annual, private donor scholarship that will fund the four-year tuition of a minority student attending the automotive marketing and management program at Northwood University.  Officials highlighted ... [Read More]

Exeter Finance Corp. announced this week the pricing of a $500 million securitization backed by auto loan receivables.  The company indicated the private offering consisted of four classes of fixed rate notes issued by Exeter Auto Receivables Trust 2014-3 and ... [Read More]

Consumer Portfolio Services posted gains of more than 20 percent in both earnings per diluted share and revenue during the third quarter. The finance company bought more paper in Q3 compared to previous time frames and watched delinquencies and charge-offs ... [Read More]

If you set your automated news alerts or RSS feed to “subprime” or “subprime auto finance,” you’re likely to find news stories that fit in one of two camps:  A) subprime auto financing is heading down a dangerous path akin ... [Read More]

As more major retailers are being hacked for consumer information, Dealertrack Technologies made five recommendations to help dealerships protect themselves, their customers, store data and ultimately, profitability. Among the five steps shared by Sharon Kitzman, vice president and general manager ... [Read More]

Officials from eLEND Solutions highlighted the seven main components of CreditPlus, the next generation of their online, interactive credit application platform. Launched on Monday, the company explained CreditPlus can instantly pre-approve shoppers based on dealer-defined credit criteria and can provide ... [Read More]