Time dwindling to submit public comments about House’s major CFPB reform proposal
Wednesday, Aug. 12, 2026, 11:19 AM
F&I Sentinel, Global Lending Services, CHAMP again among Inc. 5000
Wednesday, Aug. 12, 2026, 11:13 AM
Cox Automotive: Subprime share decreases again in July, as loan terms stay at all-time high
Tuesday, Aug. 11, 2026, 10:16 AM
Deeper dive into rising LTVs with TransUnion’s Satyan Merchant
One of the notable findings from TransUnion’s Q2 2026 Credit Industry Insights Report (CIIR) was how much loan-to-value ratios have changed in the past five years. Satyan Merchant, one of this year’s Automotive Intelligence Award recipients and senior vice president ... Listen Here
PayNearMe chief product officer John Minor on intersection of payments & technology
PayNearMe recently shared new search, explaining that hidden costs sustained by auto lenders can show up as failed payments, borrower support calls, late payments, collections follow-up, reconciliation work and manual recovery effort. PayNearMe chief product officer John Minor elaborated about ... Listen Here
Matt Babcock of Wolters Kluwer on how digital transformation continues to gain steam in auto financing
Matt Babcock, who heads up digital lending product strategy for Wolters Kluwer, returned for another visit on the Auto Remarketing Podcast. Wolter Kluwer recently released its latest quarterly Auto Finance Digital Transformation Index. Babcock recapped the sustained upward trajectory the ... Listen Here
Report: 70% of consumers plan to buy a car within next 2 years
SubPrime Auto Finance News Staff
If your finance company chooses to book contracts with near- and non-prime consumers, you’re likely to have a notable pool of potential customers in the next 24 months. According to the 2025 Vehicle Accessibility Report from Open Lending, 70% of ... [Read More]
CFPB director nominee shares plan to reshape bureau during Senate hearing
SubPrime Auto Finance News Staff
The Senate Banking Committee hosted a two-hour hearing on Thursday to question the nominee to be director of the Consumer Financial Protection Bureau, along with nominees to be the Under Secretary of Commerce, chairman of the Council of Economic Advisors ... [Read More]
15 credit unions and banks receive Economic Vehicle Accessibility Awards from Open Lending
SubPrime Auto Finance News Staff
This week, Open Lending announced the 2024 winners of its second annual Economic Vehicle Accessibility Awards (EVAAs). The winning banks and credit unions are Open Lending partners that drive vehicle access through financing opportunities for creditworthy near- and non-prime borrowers. ... [Read More]
ARA about to close voting for 9 industry awards
SubPrime Auto Finance News Staff
The American Recovery Association is in the closing days of accepting votes for nine industry awards that will be given at the 2025 North American Repossessors Summit. ARA will gather votes through Friday for the accolades, which will be announced ... [Read More]
Agora Data delves into powersports sector with $12M transaction
SubPrime Auto Finance News Staff
Agora Data is now in the powersports business. The consumer fintech company specializing in advanced capital solutions and AI-driven loan performance analytics, has completed a $12 million transaction providing liquidity for Model Finance, a powersports finance company. This move represents ... [Read More]
New AVP set to join NextGear, which eyes notable growth this year
SubPrime Auto Finance News Staff
NextGear Capital is looking to expand its portfolio this year, so the provider of inventory finance solutions serving more than 17,000 independent dealers announced plans to add a new executive. Set to join the team as AVP of corporate operations ... [Read More]
AutoPayPlus names Rodak as controller
SubPrime Auto Finance News Staff
Last week, AutoPayPlus by US Equity Advantage announced the hiring of Patricia Rodak as its controller to oversee the company’s accounting functions, financial reporting and compliance efforts. Rodak brings more than 25 years of financial leadership experience, with expertise in ... [Read More]
Explaining slow February on finance & retail fronts
Nick Zulovich, Senior Editor
It’s now the last week of February, and you might be struggling to hit your financing and retailing targets for the month. Data and assessments from sources such as Cox Automotive, the IRS and the University of Michigan could explain ... [Read More]
TransUnion: Modest growth in auto finance coming this year
SubPrime Auto Finance News Staff
While perhaps not a clip that will set records, TransUnion is expecting some growth in auto financing this year. Previously held back by stubbornly high inflation, rising interest rates and elevated home and vehicle prices, TransUnion said this week that ... [Read More]
New Protective Asset Protection report highlights dealer gains in F&I
SubPrime Auto Finance News Staff
Here’s a positive trend happening in the finance office at one in five dealerships, according to Protective Asset Protection. The provider of F&I programs and services said at least 75% of the car buyers at that store purchased F&I products ... [Read More]
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