AFSA & NIADA welcome halt of discretionary publication of complaint narratives & visualizations by CFPB
Monday, Aug. 17, 2026, 10:34 AM
DriveItAway posts highest monthly revenue in company history
Friday, Aug. 14, 2026, 10:26 AM
Credit Acceptance plucks Amazon AI expert to be CTO
Thursday, Aug. 13, 2026, 09:48 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
GMAC Responds to Concerns Over Its Wholesale Financing, Curtailment Practices
Nick Zulovich
DETROIT — In a statement released this week, GMAC Financial Services said it is doing everything it can to provide broad-based funding support for dealerships during the difficult economy. For instance, even with the tight credit markets, the company said it ... [Read More]
Experian Automotive: Auto Delinquencies Climb by Double Digits
Nick Zulovich
SCHAUMBURG, Ill. — This morning, Experian Automotive announced that 60-day past due climbed by double digits year-over-year from the fourth quarter of 2007 to 2008. More specifically, the company discovered that these delinquencies are up nearly 17 percent. Currently, 1.04 percent of ... [Read More]
Wells Fargo Capital Infuses Summit with $20 Million Revolving Credit Facility
Nick Zulovich
DES MOINES, Iowa — Wells Fargo Preferred Capital announced this week that it recently added $20 million to Summit Financial Corp.'s existing Bank of America Business Credit facility of $55 million, bringing the total facility to $75 million. Currently in its ... [Read More]
Finance Express Teams Up with ComplyNet to Offer Red Flags Assistance
Nick Zulovich
RANCHO SANTA MARGARITA, Calif. — Finance Express, a leading provider of Web-based financial services and technology for independent auto dealerships, recently announced that ComplyNet Corp. has entered an agreement to join the its online dealer management system. ComplyNet offers online and ... [Read More]
TransUnion: Worst in Auto-Loan Delinquencies May be Over
Nick Zulovich
CHICAGO — Throughout the nation, the 60-day auto delinquency rate climbed by almost 9 percent year-over-year in the fourth quarter, according to TransUnion.com. Discussing these results with SubPrime Auto Finance News, Pete Turek indicated that delinquencies will rise 41 percent through ... [Read More]
AFCD, Nowcom to Offer Dealers More Lender Opportunities
Nick Zulovich
LOS ANGELES — Automotive Finance Consumer Division and Nowcom Corp. announced today that they will soon begin providing dealers access to new lender opportunities via XpressCredit. This lending platform will be made available through their fully integrated dealer management system called ... [Read More]
Key AutoFinance Launches New Floor-Planning Program
Nick Zulovich
ALEXANDRIA, Va. — To help its members, the American International Auto Dealers Association's affinity partner, Key AutoFinance, has introduced Key Inventory Management. The program is a Web-based solution designed to help dealers take greater control of the management of floor plan ... [Read More]
GMAC Reports It Funded $1.5 Billion in New, Used Auto Loans From Dec. to Mid-March
Nick Zulovich
DETROIT — GMAC Financial Services issued a statement on Monday offering an update on how TARP funds have helped the company expand its retail automotive financing, in addition to floor planning for dealers. —Upon receiving TARP funds in late December, GMAC ... [Read More]
Avert Repo Boasts Its Help to Prevent Almost 25,000 Auto Repos
Nick Zulovich
WINDHAM, N.H. — Stephens & Michaels' Avert Repo division says it is helping customers facing auto repossession retain their cars. Basically, Avert works with consumers and their lenders to get consumers back in good standing and prevent repossession. "We've prevented more ... [Read More]
Triad Teams Up with Innovate Auto Solutions to Spread Word about Services
Nick Zulovich
NORTH RICHLAND HILLS, Texas — Triad Financial and Innovate Auto Solutions today announced their partnership to promote Triad's vehicle loan servicing to finance companies, auto dealers, investors, credit unions and other potential clients. "We have personally known Innovate's leadership team for ... [Read More]
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