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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

NADA: Financing Availability to Taper Off Slightly

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SubPrime Auto Finance News Staff
Consumers from up and down the credit spectrum have been able to secure vehicle financing relatively easily for the past 12 months, leading a resurgence in originations and sales of both used and new vehicles. While that financing faucet is ... [Read More]

CFPB Attorney Shares Discrimination Story During House Hearing

Angela Martin for SPN story
Nick Zulovich, Editor
A senior enforcement attorney at the Consumer Financial Protection Bureau and an independent investigator offered more than two hours of testimony on Wednesday of alleged discrimination happening within the agency. During a hearing orchestrated by the U.S. House Committee on ... [Read More]

Auto Loan ABS Losses Inch Higher In February

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SubPrime Auto Finance News Staff
The latest index results from Fitch Ratings showed both prime and subprime annualized losses inched higher in February as asset performance softened somewhat during the past six months. However, analysts insisted loss rates are still at historically low levels and ... [Read More]

IHS Automotive and Equifax Strengthen Alliance

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SubPrime Auto Finance News Staff
Earlier today, Equifax formally announced the strengthening of its recent strategic alliance with IHS Automotive, which integrated R. L. Polk & Co. into its business last year. Officials highlighted this alliance creates a unique value proposition for the automotive market ... [Read More]

CFPB Consumer Complaint Volume Jumps 80 Percent

Richard Cordray for SPN story
SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau said in its annual report that consumer complaint volume increased 80 percent in 2013, but vehicle loan issues still constitute only a small amount of the overall total. The CFPB indicated this week that overall ... [Read More]

NVLA Opens Annual Conference

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SubPrime Auto Finance News Staff
The National Vehicle Leasing Association’s annual conference gets underway today with two tracks of content based on the traditional lease market as well as for attendees interested in venturing into the lease-here, pay-here space. NVLA conference organizers also designated special sessions ... [Read More]

Survey Shows How Often Consumers Check Credit Report

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SubPrime Auto Finance News Staff
With a new TransUnion survey showing how few consumers check their credit report regularly, Ally Financial is launching a new campaign since Financial Literacy Month starts this week. According to a recent Google Consumer Survey commissioned by TransUnion, about one ... [Read More]

Subprime Originations Rise for 5th Straight Year

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Nick Zulovich, Editor
The latest data from Equifax showed the number of subprime auto financing originations climbed for the fifth year in a row, surpassing 7 million contracts for the first time since 2007. Analysts indicated the number of subprime contracts for 2013 ... [Read More]

FICO Unveils New Consumer Credit Education Program

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SubPrime Auto Finance News Staff
Building upon its efforts to give consumers increased access to their FICO score and help lenders be more informative about credit scoring, FICO rolled out a new program this week called FICO Custom Credit Education. Through this solution, officials explained ... [Read More]

Prestige Financial Executes Its Largest Securitization Ever

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SubPrime Auto Finance News Staff
Prestige Financial Services announced today that it completed its 12th and largest rated term securitization. The company hit the mark by issuing $390 million in securities backed by $396,383,511 in automobile installment receivables. In a transaction led jointly by J.P. ... [Read More]

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