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
World Omni Financial Reveals New President to Replace Frank Armstrong
Nick Zulovich
DEERFIELD BEACH, Fla. — World Omni Financial Corp. revealed this week it has named a new president. Tapped for the position is Dan Chait, who joined World Omni in 2002 after holding senior-level positions at US Airways, AutoNation and UniCaptial ... [Read More]
J.D. Byrider Hits $1 Billion in Outstanding Retail Installment Contracts
Nick Zulovich
CARMEL, Ind. — Coinciding with the opening of its fifth buy-here, pay-here dealership in North Carolina, J.D. Byrider recently reached a new milestone: $1 billion in outstanding retail installment contracts. During the 23 years the company has been in business, ... [Read More]
AFC Targets More Floor Planning Penetration in Salvage Market and More
Nick Zulovich
CARMEL, Ind. — KAR Auction Services management reiterated a pledge this week to make Automotive Finance Corp. an even greater resource for independent dealers with intentions to expand floor planning opportunities for salvage vehicles as well as motorcycles, recreational vehicles ... [Read More]
DSC of Indiana Floors 3 Millionth Vehicle
Nick Zulovich
CARMEL, Ind. — Dealer Services Corp. of Indiana achieved another significant milestone recently by floor planning its three millionth vehicle. DSC celebrated the historic occasion by paying off the vehicle for the purchaser, which was Mouse Auto Sales and presented ... [Read More]
Ally, GrooveCar Arrange for Loan Payment Deferral within Sandy-Effected Region
Nick Zulovich
DETROIT and HAUPPAUGE, N.Y. — As well as GrooveCar, a provider of point-of-sale credit union auto lending, Ally Financial is rolling out deferred payment assistance to customers in areas affected by Superstorm Sandy. Ally said today that it will offer ... [Read More]
ABI: October Bankruptcies Jump 16 Percent
Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute found total filings in the United States for October increased 16 percent compared to September. According to data provided by Epiq Systems, October bankruptcy filings totaled 101,278, up from the 87,522 filings registered ... [Read More]
RDN: September Recovery Volume and Orders Rise
Nick Zulovich
REDWOOD CITY, Calif. — The most recent RDN Monthly Analytics Update indicated September recovery volumes increased 4 percentage points from August levels. But, the September reading still settled 4 points below year-ago levels. RDN indicated September recovery orders climbed 6 ... [Read More]
Large & Small Operators Share Pain of Matching Vehicles with Loans
Nick Zulovich
BLOOMFIELD HILLS, Mich. — Whether it's associated with a large, public dealer group or a single buy-here, pay-here lot, matching vehicles up with financing remains one of the biggest challenges managers still face nowadays. Recently, SubPrime Auto Finance News found ... [Read More]
Credit Acceptance’s Q3 Loan Volume Climbs 5 Percent
Nick Zulovich
SOUTHFIELD, Mich. — Triggered by a 5-percent uptick in loan unit volume, Credit Acceptance Corp. posted a gain in consolidated net income during the third quarter. The company determined its consolidated net income came in at $53.0 million or $2.12 ... [Read More]
GM Announces New $11 Billion Revolving Credit Facility
Nick Zulovich
DETROIT — General Motors announced a new $11 billion revolving credit facility this morning, an opportunity officials said also can be tapped by GM Financial. GM said this facility consists of a $5.5 billion three-year facility and a $5.5 billion ... [Read More]
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