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Auto-finance leaders on growth, risk & recovery
Thursday, Jan. 15, 2026, 03:07 PM
It’s a question any business must answer, but it’s especially important in auto finance. How do you balance growth and risk? A trio of industry executives — Mike Goins of TD Bank, Jeff Marsh of Millennium Capital and Recovery and ... Listen Here
Expectations for repossessions in the US & Canada with Purr’s Chris Schellenberger
Wednesday, Jan. 14, 2026, 07:48 PM
Purr founder and CEO Chris Schellenberger opened Used Car Week 2025 on the Live Stage presented by SYCN Auto Logistics. Schellenberger, whose unique business model offers a retail consignment platform for repossessed vehicles, discussed what the repo industry could be ... Listen Here
Robert Guerrero of ClaimBuyout on inventory opportunities for dealers via repairable vehicles
Tuesday, Jan. 13, 2026, 07:19 PM
Robert Guerrero spent nearly 14 years as an executive with Insurance Auto Auctions, so he understands the complexities of damaged vehicles, distraught owners, auto insurers and repair shops. Now as the president and co-founder of ClaimBuyout, Guerrero explained how damaged ... Listen Here

NAF Association highlights success of first C-Suite Retreat

Friday, Sep. 20, 2024, 10:18 AM
SubPrime Auto Finance News Staff
The National Automotive Finance Association celebrated the success of its newest in-person event — the C-Suite Retreat in San Antonio. The association highlighted its private gathering offered a rare opportunity for CEOs and senior leaders to collaborate on addressing the ... [Read More]

Experts project potential impact in auto after Fed’s 50-basis-point rate cut

Thursday, Sep. 19, 2024, 10:24 AM
Nick Zulovich, Senior Editor
The interest-rate cut by the Federal Reserve finally came on Wednesday afternoon, and it was more than what many experts anticipated. Policymakers trimmed the federal funds rate by 50 basis points. But, unfortunately, don’t expect an avalanche of car buyers ... [Read More]

ARA reveals new executive director & director of commercial operations  

Wednesday, Sep. 18, 2024, 02:08 PM
SubPrime Auto Finance News Staff
American Recovery Association (ARA) now has more professionals in place to serve its membership of recovery and remarketing professionals. Cherokee Media Group previously learned ARA promoted Todd Squires to be its new executive director. And then the association announced on ... [Read More]

SAFCO makes another move, hiring new SVP of account services

new hire 2
Wednesday, Sep. 18, 2024, 10:58 AM
SubPrime Auto Finance News Staff
Southern Auto Finance Co. (SAFCO) continued its string of notable personnel and strategic moves on Tuesday. The latest action is hiring Noel Ortega as its new senior vice president of account services. Prior to joining SAFCO, Ortega served as senior ... [Read More]

Likely interest-rate cut arriving in soft economic environment revealed in AFSA credit index

Tuesday, Sep. 17, 2024, 11:38 AM
Nick Zulovich, Senior Editor
An interest-rate cut is widely expected to arrive when the Federal Reserve announces its decision on Wednesday. But the current environment described by economic experts and research projects from the American Financial Services Association and KeyBank illustrated the significant headwinds ... [Read More]

Santander unveils expanded auto finance program to support ‘backbone of the US economy’

Glenview expands services with bulk loan buying
Monday, Sep. 16, 2024, 10:56 AM
SubPrime Auto Finance News Staff
At a time when many auto finance companies are pulling back on credit availability, Santander Consumer USA rolled out an expanded program on Monday that’s tailored specifically to applicants who can have a great impact on the entire economy. Santander ... [Read More]

CFPB fines TD Bank nearly $28M over inaccurate information impacting consumer credit reports

TD Bank brings donation total to $1M in response to Middle East conflict
Monday, Sep. 16, 2024, 10:55 AM
SubPrime Auto Finance News Staff
Last week, the Consumer Financial Protection Bureau (CFPB) levied some harsh allegations and nearly $28 million in fines and penalties against TD Bank. The regulator said the bank “repeatedly” shared inaccurate, negative information about its customers to consumer reporting companies, ... [Read More]

Safe-Guard promotes longtime execs to be CFO and chief risk officer

Friday, Sep. 13, 2024, 10:31 AM
SubPrime Auto Finance News Staff
Safe-Guard Products International promoted two professionals who have combined to be with the provider of third-party private label protection products for the automotive, RV, marine, and powersports industries for nearly 20 years. Appointed to be chief financial officer is Joe ... [Read More]

Jehl now CEO and board member for Open Lending

Friday, Sep. 13, 2024, 10:30 AM
SubPrime Auto Finance News Staff
Open Lending Corp. removed the interim tag on Thursday and made Chuck Jehl its CEO and a member of its board of directors, effective immediately. Jehl had served as the company’s interim CEO and chief operating officer since March. Open ... [Read More]

Credit availability slides for fifth straight month

Thursday, Sep. 12, 2024, 11:05 AM
SubPrime Auto Finance News Staff
There might be a lot of callback activity between dealerships and finance companies nowadays since the Dealertrack Credit Availability Index has declined for five months in a row. Cox Automotive reported this week that the index came in at 92.5 ... [Read More]
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