AFSA & NIADA welcome halt of discretionary publication of complaint narratives & visualizations by CFPB
Monday, Aug. 17, 2026, 10:34 AM
Edmunds on depth of ‘The Vanishing Affordable Used Car’
Tuesday, Aug. 18, 2026, 10:17 AM
PODCAST: Additional insight into FTC’s move involving disparate impact from Hudson Cook
Tuesday, Aug. 18, 2026, 09:25 AM
Additional insight into FTC’s move involving disparate impact from Hudson Cook
The Federal Trade Commission recently announced it will not pursue claims based on disparate-impact or “unfair discrimination” theories. In this episode of the Auto Remarketing Podcast, Hudson Cook partners Erica Kramer and Rob Tilley offered some historical perspectives and a ... Listen Here
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
PODCAST: More details about ongoing squeeze in non-prime financing
SubPrime Auto Finance News Staff
Open Lending senior vice president of marketing Kevin Filan made another appearance on the Auto Remarketing Podcast. This time, Filan discussed Open Lending’s newest Consumer Update, which delved into the squeeze near- and non-prime consumers are facing when trying to ... [Read More]
Experian Q2 data could illuminate ongoing movements involving affordability & risk
SubPrime Auto Finance News Staff
Is vehicle affordability improving for consumers? Or are finance companies not taking on as much risk? To help you decide, consider these metrics from Experian’s State of the Automotive Finance Market Report: Q2 2024 released on Thursday. Experian determined the ... [Read More]
3 questions about bankruptcy & repossessions with Weltman, Weinberg & Reis
SubPrime Auto Finance News Staff
Shareholder Milos Gvozdenovic and attorney Garry Masterson of Weltman, Weinberg & Reis Co. recently addressed some of the most common questions finance companies have about bankruptcy and vehicle repossession. Gvozdenovic and Masterson began by touching on the question that might ... [Read More]
Auto refinancing companies optimistic about future growth
SubPrime Auto Finance News Staff
A pair of firms that specialize in auto refinancing — iLending and Way.com — are optimistic about their prospects, especially if the Federal Reserve starts to lower interest rates this month. iLending president Nick Goraczkowski described what it’s been like ... [Read More]
Top 10 vehicles that end up being totaled following crashes
SubPrime Auto Finance News Staff
A metric that finance companies often watch is the number of vehicles in their portfolio that become a total loss when involved in a crash. Levine and Wiss — a personal injury attorney law firm in New York — recently ... [Read More]
Rhode Island AG continues active pursuit of dealerships with $1M settlement
SubPrime Auto Finance News Staff
Six more dealerships reached an agreement with the Rhode Island attorney general to settle allegations of deceptive sales practices in the finance office. The settlement announced in August has the dealerships paying more than $1 million in refunds and penalties. ... [Read More]
AFSA asks NH officials to delay major changes to auto financing processes
SubPrime Auto Finance News Staff
This week, the American Financial Services Association followed up on its letter to New Hampshire Banking Commission with a petition to state officials asking for a delay of major restructuring of documents associated with the financing and retailing of vehicles ... [Read More]
Longtime Bank of America exec joins Millennium as COO
SubPrime Auto Finance News Staff
Millennium Capital and Recovery Corp. named its new chief operating officer on Wednesday, selecting former Bank of America senior vice president Don Gordon for the role. The provider of nationwide asset recovery management, skip-tracing and remarketing said Gordon will lead ... [Read More]
Consumer advocates urge CFPB to keep digging with Auto Finance Data Pilot
SubPrime Auto Finance News Staff
In June, the Consumer Financial Protection Bureau shared seven initial findings from its Auto Finance Data Pilot, deployed in February 2023. A trio of consumer advocates believe the CFPB’s work on this project is far from complete. Those organizations recently ... [Read More]
Near- and Non-Prime Consumer Update reiterates ongoing affordability challenges
SubPrime Auto Finance News Staff
Open Lending Corp. shared more research on Tuesday reinforcing the affordability dilemma many consumers are facing when securing reliable transportation, especially individuals who fall in the near- and non-prime credit tiers. Using AutoCreditInsight data, Open Lending compiled another Near- and ... [Read More]
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