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
Asbury says FTC allegations of ‘payment packing’ are ‘false and unfounded’
SubPrime Auto Finance News Staff
Late last week, Asbury Automotive Group rejected “false and unfounded” allegations by the Federal Trade Commission (FTC) of “payment packing” at three of its dealerships in the Dallas-Fort Worth area. The development surfaced a couple of days after the FTC ... [Read More]
LendingClub survey reveals how unaware consumers are about current outstanding debts
SubPrime Auto Finance News Staff
Recent analysis by LendingClub Corp. might reinforce why the debt-to-income portion of your auto finance company’s underwriting guidelines could be dinging applications more often nowadays — especially if the individual is leaning heavily on their credit cards. LendingClub’s research on ... [Read More]
Dissension surfaces even when FTC votes unanimously to punish Arizona dealers
Nick Zulovich, Senior Editor
Here’s how a unanimous vote can still contain dissension in the automotive regulatory world. The Federal Trade Commission voted unanimously to join the state of Arizona against a pair of franchised dealerships. Officials said the stores engaged in a wide ... [Read More]
CFPB brings its own enforcement action involving credit repair
SubPrime Auto Finance News Staff
A couple of days after the Federal Trade Commission handed out penalties associated with credit repair, the Consumer Financial Protection Bureau (CFPB) took similar actions involving the same topic last week, too. The CFPB filed a proposed order to resolve ... [Read More]
Auto-credit availability dips for fourth consecutive month
SubPrime Auto Finance News Staff
The flow of credit from the auto-finance spigot is steadily decreasing. The Dealertrack Credit Availability Index now has declined for four months in a row, as Cox Automotive reported the July reading at 92.9. That index level represented a 1.0% ... [Read More]
Obra Capital buys out Solera Auto Finance
SubPrime Auto Finance News Staff
Solera Auto Finance has new owners and branding. Obra Capital, an asset management firm with a specialized approach to alternative investing, on Tuesday announced a buyout of the finance company from Solera Corp. First launched at NADA Show 2022, Obra ... [Read More]
TransUnion spots another quarterly decline in subprime auto
SubPrime Auto Finance News Staff
Auto finance originations are down, personal loan balances sit at a record high, and consumers of all credit tiers are antsy for an interest-rate reprieve from the Federal Reserve. Those findings are the primary highlights of Q2 2024 Quarterly Credit ... [Read More]
Latest 700Credit alliance is with Fuse Autotech
SubPrime Auto Finance News Staff
Another alliance involving 700Credit surfaced this week to help dealerships digitize their car sales, enabling their teams to retail and finance cars more efficiently. The latest move by the provider of credit reports, compliance solutions, soft pull, identity verification and ... [Read More]
FTC lawsuit results in $12M penalty, end of operations for credit-repair company
SubPrime Auto Finance News Staff
Subprime auto finance companies often tout that an ancillary benefit of providing financing to consumers with soft credit histories is it can be a path to resuscitating an individual’s credit profile through on-time payments. This week, the Federal Trade Commission ... [Read More]
Ally tops J.D. Power’s dealer financing rankings in subprime for fourth straight year
SubPrime Auto Finance News Staff
Ally Financial, Chase Automotive Finance and Capital One Auto Finance finished in the top three and above the average segment score among non-captive subprime auto finance companies ranked in the J.D. Power 2024 U.S. Dealer Financing Satisfaction Study released on ... [Read More]
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