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How EVAI became VMS with co-CEO David Prusinski
Monday, Oct. 6, 2025, 07:40 PM
David Prusinski is now the co-CEO of Vehicle Management Systems (VMS), which previously operated as EVAI. Prusinski shared about how the company arrived at its new brand and what might be ahead for the provider of data analytics and artificial ... Listen Here
Cox Automotive’s Andy Mayers on opportunity in subprime & elsewhere in auto finance
Friday, Oct. 3, 2025, 02:33 PM
Andy Mayers sees opportunity in subprime and other parts of auto finance. The associate vice president of business operations for retail solutions with Cox Automotive explained his reasons during this episode of the Auto Remarketing Podcast. Mayers also mentioned another ... Listen Here
The Future of EVs & More From the OEM Lens
Tuesday, Sep. 30, 2025, 07:38 PM
Laurie Harbour is a partner at Wipfli, a top 25 accounting and advisory firm, and works with automakers and suppliers on how to adjust to changing winds of automotive. Harbour joins the Auto Remarketing Podcast to discuss how automakers are ... Listen Here

Open Lending reinforces Lenders Protection with new alternative data attributes

cars in showroom_39
Wednesday, Nov. 1, 2023, 08:00 AM
SubPrime Auto Finance News Staff
On Wednesday, Open Lending Corp. released the addition of new alternative data attributes for auto finance applicants to more accurately inform the risk score generated by its Lenders Protection solution. Open Lending highlighted that access to expanded criteria from TransUnion ... [Read More]

CFPB looking to add 75 employees to enforcement department

CFPB seeking more data about repossessions & contract modifications
Tuesday, Oct. 31, 2023, 04:17 PM
SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau is calling for reinforcements. CFPB enforcement director Eric Halperin revealed in a public appearance last week that the bureau is looking to add about 75 new full-time employees to the office of enforcement. Halperin told ... [Read More]

What consumers think about auto financing as next potential interest rate move nears

Tuesday, Oct. 31, 2023, 10:33 AM
SubPrime Auto Finance News Staff
As the Federal Reserve approaches its next opportunity to modify interest rates on Wednesday, findings from a new survey orchestrated by Santander Holdings USA perhaps reinforced perceptions already held by auto finance leaders. Santander reported on Monday that American consumers ... [Read More]

FTC amends Safeguards Rule pertaining to data breach reporting

data privacy
Monday, Oct. 30, 2023, 11:49 AM
SubPrime Auto Finance News Staff
Dealerships, finance companies and other service providers connected to automotive had to begin compliance with the Safeguards Rule in June. On Friday, the Federal Trade Commission approved an amendment to it, instructing non-banking institutions to report certain data breaches and ... [Read More]

DRN & Relentless Recovery reach settlement agreement

Monday, Oct. 30, 2023, 11:48 AM
SubPrime Auto Finance News Staff
According to a news release and statement sent to SubPrime Auto Finance News, Relentless Recovery, one of the largest collateral recovery and remarketing companies servicing Ohio, entered into a settlement agreement with Digital Recognition Network (DRN), which is a subsidiary ... [Read More]

Experian to expand global fraud alliance into US

fraud prevention
Friday, Oct. 27, 2023, 10:51 AM
SubPrime Auto Finance News Staff
Experian this week rolled out its latest effort to curb fraudulent applications amid rising vehicle prices and the automotive industry relying more heavily on digital retailing. The company introduced the Hunter Automotive Fraud Alliance, which Experian described as a collaborative ... [Read More]

PODCAST: Another visit with Paul McCarthy of Protective Asset Protection

Podcast
Wednesday, Oct. 25, 2023, 03:16 PM
SubPrime Auto Finance News Staff
Paul McCarthy, vice president of sales, key accounts, at Protective Asset Protection, made another appearance on the Auto Remarketing Podcast for a conversation about dealerships and their F&I activities. McCarthy recapped Protective’s latest dealer survey and how F&I professionals are ... [Read More]

FTC & Wisconsin AG penalize dealer over F&I activities

FTC sends annual report to CFPB recapping activities regarding financial acts
Wednesday, Oct. 25, 2023, 11:09 AM
SubPrime Auto Finance News Staff
A Wisconsin auto dealer group is now sustaining the consequences of what authorities deemed to be discriminatory F&I activities. The Federal Trade Commission and the Wisconsin attorney general said on Tuesday they are taking action against Rhinelander Auto Center, its ... [Read More]

700Credit integrates with AutoRaptor for driver’s license authentication

dealership and couple
Wednesday, Oct. 25, 2023, 11:07 AM
SubPrime Auto Finance News Staff
On Tuesday, 700Credit announced an integration alliance with AutoRaptor to help dealers get their buying customers through the financing process. With this enhanced alliance, AutoRaptor has integrated the 700Credit driver’s license authentication platform, QuickScan, into its CRM to provide a ... [Read More]

How auto finance companies are likely to handle ‘further deterioration’

hovering bar graph picture
Tuesday, Oct. 24, 2023, 10:27 AM
SubPrime Auto Finance News Staff
While also looking closer at the subprime segment as well as credit unions, S&P Global Ratings acknowledged five primary ingredients likely will create “further deterioration” of outstanding auto finance portfolios. However, firm experts see banks, captives and other providers being ... [Read More]
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