Fed keeps interest rates unchanged even in ‘challenging environment’ for automotive
Thursday, Jan. 29, 2026, 10:29 AM
PODCAST: Lenders, forwarders & agents discuss repo bottlenecks
Wednesday, Jan. 28, 2026, 02:22 PM
VantageScore pinpoints how much subprime credit market is growing
Wednesday, Jan. 28, 2026, 11:09 AM
The real cost of inaction when it comes to transport fraud
Listen Here
Thursday, Jan. 29, 2026, 03:30 PM
More dialogue about current complexities of fleet management with David Prusinski of Vehicle Management Systems (VMS)
A limited number of qualified maintenance technicians. A robust mix of gasoline-, diesel- and electric-fueled vehicles. There’s no shortage of challenges for fleet managers nowadays. To help wade through the environment with valuable perspectives, David Prusinski, who is CEO of ... Listen Here
Thursday, Jan. 29, 2026, 03:30 PM
Lenders, forwarders & agents discuss repo bottlenecks
In another of the Used Car Week 2025 panel discussions focused on repossessions and recoveries, AutoSquared.ai co-founder Bahador Rahimi led a conversation that included lenders, forwarders and agents. The group exchanged ideas about how industry firms can smooth the bottlenecks ... Listen Here
Wednesday, Jan. 28, 2026, 07:16 PM
CPS Receives DOJ Subpoena
Tuesday, Jan. 27, 2015, 04:34 PM
SubPrime Auto Finance News Staff
Within a year of settling charges with the Federal Trade Commission, Consumer Portfolio Services is now dealing with matters from the U.S. Department of Justice. The subprime auto finance company said in a filing with the Securities and Exchange Commission ... [Read More]
New Compliance Guide on Federal Advertising Rules
Monday, Jan. 26, 2015, 05:06 PM
SubPrime Auto Finance News Staff
With regulators such as the Federal Trade Commission honing in on advertisements that focus on the financial elements of a vehicle transaction, the National Automobile Dealers Association responded by issuing a new publication during this year’s NADA Convention. The association ... [Read More]
New Experian Tool to Estimate Equity, Aid in Refinancing
Monday, Jan. 26, 2015, 05:03 PM
SubPrime Auto Finance News Staff
Experian Automotive recently launched a new tool the company is calling its Auto Equity Model, a consumer credit–based solution designed to help finance companies and dealers estimate the current equity on an individual’s open vehicle loan. Officials explained this level of ... [Read More]
Ally Previews New Flagship VSC and Technology Platform
Monday, Jan. 26, 2015, 05:01 PM
SubPrime Auto Finance News Staff
Ally Financial offered a preview of its new flagship vehicle service contract, Ally Premier Protection, during the National Automobile Dealers Association Conference and Expo this past weekend. The company highlighted the new product brings together enhanced features and benefits for ... [Read More]
700Credit, DealerClick Partner for Access to Reports & More
Monday, Jan. 26, 2015, 04:57 PM
SubPrime Auto Finance News Staff
700Credit, which provides credit, compliance and prescreen products and services exclusively to the automotive industry, recently formed an integration partnership with DealerClick, a leader in automotive software solutions. Officials said this agreement will allow DealerClick dealers seamless and secure access ... [Read More]
CU Direct Connect Tops $1B in Loans in 2014
Friday, Jan. 23, 2015, 06:36 AM
SubPrime Auto Finance News Staff
CU Direct Connect (CUDC) announced its year-end results this week as auto loan application volume jumped 25.3 percent. That rise helped CUDC to close 2014 with more than $1 billion in funded loans netting a year-over-year increase of 30 percent. ... [Read More]
Westlake Flooring Helps NJ Dealership Consolidate Into 1 Location
Friday, Jan. 23, 2015, 06:33 AM
SubPrime Auto Finance News Staff
Westlake Flooring, a division of Westlake Financial Services, recently financed the acquisition of Phoenix Truxx’s current dealership location, helping the heavy-duty truck enterprise consolidate its operation in New Jersey. Officials highlighted the property had been in bankruptcy foreclosure and Westlake ... [Read More]
3 Components of vAuto’s New Subprime Tool
Friday, Jan. 23, 2015, 06:31 AM
SubPrime Auto Finance News Staff
Emphasizing three main capabilities, vAuto introduced what it dubbed a Subprime Booking module as part of its Provision system to help dealers address the challenges of properly acquiring subprime inventory and matching credit-challenged customers to those vehicles. As the latest ... [Read More]
Student Loans Create 9% Dip in 2014 Lease Approvals
Friday, Jan. 23, 2015, 06:29 AM
SubPrime Auto Finance News Staff
The pool of subprime borrowers for finance companies to service potentially could be getting deeper judging by the reason Swapalease.com cited as the trigger for auto lease credit approvals for 2014 dropping by nearly 9 percent year-over-year. Swapalease.com reported last ... [Read More]
Key Case Could Cut CFPB’s Ability to Use Disparate Impact
Thursday, Jan. 22, 2015, 01:37 PM
Nick Zulovich, Editor
The ability for federal regulators such as the Consumer Financial Protection Bureau to use disparate impact theory to hand out enforcement actions against finance companies that provide auto financing could be reduced or even eliminated, depending on how the Supreme ... [Read More]
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