Your service drive is filled with loyal customers who trust your dealership and are physically in your store, yet most...
Read More
Experts see Middle East conflict making current car & credit markets even more challenging
Tuesday, Mar. 24, 2026, 10:27 AM
With additional insight about affordability, FICO watches average credit scores tick lower again
Wednesday, Mar. 25, 2026, 11:27 AM
PODCAST: Industry Elite honoree Jennifer Turnage on why accurate financial information can make or break any business
Wednesday, Mar. 25, 2026, 01:05 PM
Industry Elite honoree Mike Thomas of Resolvion on building his career — literally
Next up in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Mike Thomas, who is chief executive officer of Resolvion. Thomas shares memories with Cherokee Media Group senior editor Nick Zulovich about working in construction and ... Listen Here
Thursday, Mar. 26, 2026, 02:23 PM
Industry Elite honoree Jennifer Turnage on why accurate financial information can make or break any business
Next up on in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Jennifer Turnage, who is chief executive officer of Primeritus Financial Services. Turnage talks with Cherokee Media Group senior editor Nick Zulovich about the importance ... Listen Here
Wednesday, Mar. 25, 2026, 05:01 PM
Industry Elite honoree Kelly Wyatt on 25-year career with GM Financial
Next up on in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Kelly Wyatt, who is chief digital officer with GM Financial. Wyatt shares a conversation with Cherokee Media Group senior editor Nick Zulovich about being ... Listen Here
Wednesday, Mar. 25, 2026, 04:43 PM
CFPB Wants More Auto Oversight Authority
Thursday, Sep. 18, 2014, 03:18 AM
SubPrime Auto Finance News Staff
If a finance company makes, acquires, or refinances 10,000 or more vehicle loans or leases in a year, the Consumer Financial Protection Bureau is looking to become that operation’s primary regulator stemming from a proposal released late on Wednesday. The ... [Read More]
Hudson Cook Brings Another Former CFPB Official to Firm
Wednesday, Sep. 17, 2014, 03:47 PM
SubPrime Auto Finance News Staff
Hudson Cook bolstered its partner roster of former high-ranking enforcers who held roles at the Consumer Financial Protection Bureau and the Federal Trade Commission. This week, the law firm added Lucy Morris as a partner in its Washington, D.C. office. ... [Read More]
Resource Hub
Best Practices, Ideas, and Tools for Business
The Dealer’s Guide to Smarter GPS Tracking
A Buyer’s Guide for Independent Dealer, BHPH, and Auto Finance Leaders Reducing Risk, Unlocking Opportunity Independent dealers and finance companies...
Read More
Used Car Turn Vendor Management Checklist
Vehicles touch multiple vendors before they ever hit the lot, and when approvals, communication, and invoices are scattered, delays are...
Read More
Santander’s Nearly $300M Deal for Canada’s Carfinco Has US Connection
Wednesday, Sep. 17, 2014, 03:45 PM
SubPrime Auto Finance News Staff
Contained in this week’s announcement about Banco Santander entering into an agreement to acquire Canadian-based Carfinco Financial Group Inc. for $298 million (CDN) in cash is a stipulation about non-prime auto finance interests in the U.S. As part of the ... [Read More]
VTS Addresses 2 Major Compliance Concerns with Enhancement
Wednesday, Sep. 17, 2014, 03:43 PM
SubPrime Auto Finance News Staff
Here’s a development that ought to be welcome news to auto finance companies, forwarding organizations and repossession agencies: an enhanced compliance tool that’s now available at a lower price. This week, compliance monitoring provider Vendor Transparency Solutions launched VTS 2.0 ... [Read More]
Several Moves Expected at CFPB Field Hearing
Wednesday, Sep. 17, 2014, 03:38 PM
SubPrime Auto Finance News Staff
As a lobbying group reportedly backed off its campaign against the agency’s drive to push full consumer complaint information online, the Consumer Financial Protection Bureau appears poised to tighten its regulatory grip on the auto finance industry. With the CFPB ... [Read More]
defi SOLUTIONS Clients Now Can Access Equifax Income and Employment Verifications
Monday, Sep. 15, 2014, 03:55 PM
SubPrime Auto Finance News Staff
Equifax announced that defi SOLUTIONS through its cloud-based loan origination system is now offering its automotive finance company clients access to income and employment verifications through The Work Number, a proprietary database of employment and income information owned by Workforce ... [Read More]
SunTrust Division Now Exclusive Financing Provider for KBB
Monday, Sep. 15, 2014, 03:51 PM
SubPrime Auto Finance News Staff
LightStream, a national online consumer lending division of SunTrust Bank became the exclusive online financing for Kelley Blue Book on Monday. Officials highlighted the LightStream AnythingLoan can provide KBB.com site visitors with simple online financing that can be used for ... [Read More]
US House Proposes More Credit Reporting Regulations
Monday, Sep. 15, 2014, 03:48 PM
SubPrime Auto Finance News Staff
In light of the Consumer Financial Protection Bureau handing out stern enforcement actions connected with credit bureau reporting, the ranking member of the U.S. House Financial Services Committee now is joining the regulatory fray. As the chairman-elect of the American ... [Read More]
Researcher: CFPB Lacks Authority to Publish Complaints
Monday, Sep. 15, 2014, 03:46 PM
SubPrime Auto Finance News Staff
A George Mason University researcher and Yale School of Law graduate found three significant issues with the Consumer Financial Protection Bureau wanting to publish consumer complaint narratives online — including the CFPB lacking the authority to make such a move. ... [Read More]
Treasury Reduces Ally Stake to 13.8%
Friday, Sep. 12, 2014, 05:46 PM
SubPrime Auto Finance News Staff
The U.S. Department of the Treasury’s ownership in Ally Financial continues to shrink. Treasury officials on Friday announced the completion of the first pre-defined written trading plan for Ally common stock. Treasury said it sold 8,890,000 shares and recovered approximately ... [Read More]
X