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
Daimler Financial Expansion Set to Boost Texas Economy
Nick Zulovich
FORT WORTH, Texas — According to recent data from a research group, Daimler Financial Services Americas' upcoming expansion into north Texas could significantly bolster the area's economy and bring more than 200 new jobs. Insight Research of Dallas estimated that the ... [Read More]
Attorneys Offer Free Online Class-Action Lawsuit Prevention Seminar
Nick Zulovich
PORTLAND, Ore. — Compli recently announced that two attorneys with industry expertise will be presenting a free online seminar discussing issues pertaining to class-action lawsuits. Aaron Jacoby of Venable, LLP, and Rob Cohen of Auto Advisory Services are hosting "Class Action ... [Read More]
Fiserv Acquires LOS Technology from Portellus
Nick Zulovich
BROOKFIELD, Wisc. — Fiserv recently announced that it has purchased the rights to the Portellus loan origination system technology in an effort to streamline the origination of its mortgage, consumer and commercial loans to one program. "This technology brings opportunities that ... [Read More]
Auto Group Develops Unique Plan to Help Customers with Payments While Also Ramping Up Business
Nick Zulovich
JAMAICA, N.Y. — In response to the challenging economic times, one dealer has come up with a unique solution that not only helps customers with their payments, but also drives new business into the stores. What is the idea? Nemet Auto Group, based ... [Read More]
CPS Trims Contract Purchases as Delinquencies Increase
Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services announced a climb in managed receivables and took action to reduce contract purchases in the first quarter to better stay in line with the current economic environment. For the quarter, CPS said it purchased $176.1 ... [Read More]
USA Computer Systems Takes BHPH/Subprime DMS System to the Web
Nick Zulovich
TRENTON, Maine — USA Computer Systems' chief operating officer recently announced that in addition to accepting reservation dates for its early fall installation process, his company's DMS, The Answer, is going Web-based. Basically the company is moving from its current Microsoft ... [Read More]
Two Out of Three National Auto Lenders Cut Originations
Nick Zulovich
McLEAN, Va. — Capital One and Wells Fargo, two out of three national auto lenders SubPrime Auto Finance News reviewed, reported reductions in origination volume and tightened their auto lending standards during the first quarter. The last, Chase, interestingly enough, actually ... [Read More]
TransUnion Releases Data on Auto Debt, Delinquency Levels
Nick Zulovich
CHICAGO — The latest statistics from TransUnion.com identified states throughout the country showing the highest average auto debt, along with the lowest. Coming in with the highest median auto debt is Nevada, averaging $16,133. This state is followed by the District of Columbia, ... [Read More]
Ford Credit Takes Knock in 1Q Net Income
Nick Zulovich
DEARBORN, Mich. — A higher provision for credit losses, along with deeper depreciation expenses for leased vehicles, contributed to Ford Motor Credit reporting a drop in net income for the first quarter. The company recently posted net income of $24 million ... [Read More]
GMAC: Used Originations Remain Steady; Residuals Down
Nick Zulovich
NEW YORK — Results in the black for GMAC's global auto finance division and insurance business were unable to prevent the overall company from reporting a loss for the first quarter. GMAC Financial Services posted a net loss of $589 million, ... [Read More]
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