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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

U.S. Bank Hires Former BofA Exec to Lead Auto Team

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SubPrime Auto Finance News Staff
U.S. Bank named a former high-level executive at Bank of America to lead the institution’s indirect lending group, which provides loans and leases to consumers through automobile, marine and recreational vehicle (RV) dealers. Taking over the role is John Hyatt. ... [Read More]

CPS Out to Maintain Disciplined Origination Growth

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SubPrime Auto Finance News Staff
For any industry observers who question whether or not Consumer Portfolio Services grew as much as it should have during the first quarter, chairman and chief executive officer Brad Bradley reiterated the strategy the company utilizes. During the first quarter, ... [Read More]

Former Chase Counsel Joins Hudson Cook

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SubPrime Auto Finance News Staff
Hudson Cook added a former high-ranking executive from Chase Auto Finance to be its newest partner. Coming on board for its Long Island, N.Y., office is Trisha Cacciola, who has more than 25 years of experience in consumer and commercial ... [Read More]

ACH Payment Volume Climbs 5% Annually

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SubPrime Auto Finance News Staff
Automated clearing house (ACH) transactions rose again last year, according to new statistics released by NACHA — The Electronic Payments Association. NACHA determined ACH volume grew to almost 23 billion electronic payments, a year-over-year increase of almost 5 percent or 1 ... [Read More]

CARS Offering 2 Chances for Free Recovery Webinar

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SubPrime Auto Finance News Staff
Terry Groves, co-founder and senior vice president of sales and remarketing at Consolidated Asset Recovery Systems, is offering two installment of a free webinar titled, “What Should You Pay For A Repossession Service?” Groves intends to cover six different topics ... [Read More]

ABA Offers CFPB 6 Suggestions to Improve Complaint Response

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SubPrime Auto Finance News Staff
American Bankers Association president and chief executive officer Frank Keating recently penned a letter to Consumer Financial Protection Bureau director Richard Cordray offering six improvements as to how institutions can respond to complaints that might be published publicly via the ... [Read More]

13,000 Vehicles to Buy with Average Tax Refund

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SubPrime Auto Finance News Staff
The deadline to file federal income tax forms came earlier this week, and Autotrader took a look at the options for consumers who didn’t necessarily want to use a potential refund to make a down payment — rather to utilize ... [Read More]

Why ‘Word Is Out’ About Alternative Data

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Nick Zulovich, Editor
Resort personnel brought in additional seating for the first roundtable discussion on Wednesday during the Independents Conference orchestrated by the American Financial Services Association. Scores of executives came in out of the summer-like south Florida weather to hear a trio ... [Read More]

2nd Bill Focused on Auto Financing Back in US House

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SubPrime Auto Finance News Staff
The National Automobile Dealers Association applauded the continued bipartisan efforts in Congress to rescind what it considers “flawed” guidance from the Consumer Financial Protection Bureau that would “harm” consumers by limiting their ability to obtain discounted auto financing. This week, ... [Read More]

Why Student Loan Delinquency Might Become Even Worse

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SubPrime Auto Finance News Staff
The latest report from a pair of experts at the Federal Reserve Bank of St. Louis included a question that could significantly impact finance companies and dealership F&I departments. The report was titled, “Student Loan Delinquency: A Big Problem Getting Worse?” Senior ... [Read More]

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