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Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here

Exeter appoints new chief human resources officer

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SubPrime Auto Finance News Staff
In the same month its new chief financial officer came aboard, Exeter Finance Corp. appointed a new executive vice president and chief human resources officer this week. Officially taking the role on Monday is Martin Evans Exeter highlighted Evans is ... [Read More]

Cheap lease deals abundant

leasing
Joe Overby, Staff Writer
A recent analysis from Edmunds.com indicates that in addition to being among “the biggest factors that are making it easier for shoppers to afford more expensive vehicles” (along with cheaper credit), new-vehicle lease penetration is on track to reach an ... [Read More]

Narratives now posted in CFPB complaint database

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Nick Zulovich, Editor
Consumer complaints possibly made about your finance company, dealership, debt-collection agency or related industry service provider to the Consumer Financial Protection Bureau now are available for anyone to see. For the first time on Thursday, the CFPB turned on its ... [Read More]

Credit Acceptance & SNAAC receive workplace awards

silver award
SubPrime Auto Finance News Staff
Both Credit Acceptance Corp. and Security National Automotive Acceptance Co. (SNAAC) each recently received accolades associated with being a great place to work. Credit Acceptance was named No. 18 on the list of 100 Best Workplaces for Millennials based on ... [Read More]

2 NJ stores reach $135K settlement with AG

gavel and money
SubPrime Auto Finance News Staff
Six-figure financial penalties from regulators against dealerships are becoming more frequent. About the same time a trio of franchised stores reached a settlement with New York’s attorney general, a pair of franchised operations entered into a final consent judgment with ... [Read More]

Spireon & Megasys team up for integration

business man with tablet
SubPrime Auto Finance News Staff
Spireon announced on Wednesday that consumer loan servicing systems provider Megasys will partner with the mobile resource management provider to provide out-of-box integration with Spireon tools. Company officials contend the integration between Spireon GoldStar GPS and Megasys Omega marks the ... [Read More]

Another former FTC official joins Hudson Cook

board of directors table
SubPrime Auto Finance News Staff
Hudson Cook’s newest partner is arriving at the nationwide provider of legal compliance services for the financial services industry after a previous stint at the Federal Trade Commission. Coming aboard as a partner in its Washington, D.C. office is Rebecca ... [Read More]

KeyBanc considers disparate impact ruling implications

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SubPrime Auto Finance News Staff
Time is dwindling in the current Supreme Court session, and the justices have yet to offer their opinion on a case connected with the use of disparate impact, one of the sharpest tools the Consumer Financial Protection Bureau uses to ... [Read More]

CarMax keeping subprime aggression steady

earnings report
SubPrime Auto Finance News Staff
CarMax Auto Finance reported “better than anticipated” loan charge-offs that had a favorable impact on both the provision for loan losses and the ending allowance for loan losses during the first quarter of its current fiscal year. The performance prompted ... [Read More]

Exeter Finance leverages ACI Worldwide’s bill payment service

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SubPrime Auto Finance News Staff
Subprime auto finance company Exeter Finance Corp. on Monday selected the UP Bill Payment Solution offered by ACI Worldwide, a global provider of electronic payment and banking solutions. It’s a move both companies said is meant to simplify multiple bill ... [Read More]

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