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Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here

PODCAST: NAF Association update with executive director Jennifer Martin

Podcast
SubPrime Auto Finance News Staff
National Automotive Finance Association executive director Jennifer Martin had a lot of positive developments to share in this episode of the Auto Remarketing Podcast. The organization is using technology to grow and serve its membership while also preparing for a ... [Read More]

Hyundai captive settles with DOJ over alleged SCRA infractions

Hyundai captive settles with DOJ over alleged SCRA infractions
SubPrime Auto Finance News Staff
The Justice Department and Hyundai’s captive finance company settled allegations this week involving repossessed vehicles. Officials announced on Wednesday that Hyundai Capital America has agreed to pay $333,941 to resolve allegations that it violated the Servicemembers Civil Relief Act (SCRA) ... [Read More]

New Experian tool taps into banking activities to enhance underwriting

Experian: Bank data boosts loan approvals
SubPrime Auto Finance News Staff
Experian rolled out a new tool on Thursday to help finance companies and other lenders work with consumers who might not be in the prime space or have robust credit histories. The company announced the launch of Cashflow Attributes, a ... [Read More]

TransUnion: Gen Z using credit more than millennial counterparts at same age

Gen Z outpaces Millennials in credit use: TransUnion
SubPrime Auto Finance News Staff
The title of a project TransUnion released on Thursday at its 2024 Financial Services Summit (attended by nearly 300 global financial services executives) might have given some frightening flashbacks of struggles with algebra. The new TransUnion study — Solving for ... [Read More]

CFPB report: More complexity results in added costs for consumers

SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau issued a new report last week that suggested consumers tend to pay more for products that have more complex pricing structures, including auto financing. The CFPB said this report is based on experiments with multiple ... [Read More]

3 goals of RPM-MBSi partnership to help lenders, agents & forwarders

RPM & MBSi: Faster Repos (Lenders, Agents)
SubPrime Auto Finance News Staff
This week, RPM and MBSi Corp. announced a new partnership, aligning their areas of expertise in the auto finance industry. The collaboration involving the non-asset-based logistics and transportation provider and the repossession assignment management software company is designed to help ... [Read More]

10 highlights of 700Credit dealer survey about driver’s licenses

700Credit rolls out driver’s license authentication integration with iTapMenu
SubPrime Auto Finance News Staff
Ten intriguing findings surfaced through a survey orchestrated by 700Credit, which interviewed dealerships about their processes for obtaining copies of driver’s licenses from capture to deal jacket storage. The provider of credit reports, compliance solutions, soft pull, and identity verification ... [Read More]

Consumers’ financial stress drops overall but climbs in swing states

Consumers’ financial stress drops overall but climbs in swing states
SubPrime Auto Finance News Staff
While the overall reading dropped to its lowest level in 12 months, LegalShield’s March Consumer Stress Legal Index (CSLI) is starting to exhibit a pattern seen in the past five presidential election cycles. Researchers explained the relationship of swing-state stress ... [Read More]

DriveItAway secures $2M credit line for more growth in EV space

DriveItAway secures $2M credit line
SubPrime Auto Finance News Staff
DriveItAway Holdings now has more resources to continue its mission to help consumers who might have soft credit histories and financial resources — or general apprehension about electric vehicles — get into EVs. On Friday, the company that offers “micro-lease ... [Read More]

Car business could take brunt of impact from keeping rates high

Car business could take brunt of impact from keeping rates high
Nick Zulovich, Senior Editor
The job market improved in April, but the Federal Reserve doesn’t like how inflation is tracking, so policymakers decided not to lower interest rates this week. Comerica Bank is expecting rate cuts by the end of the year, but Cox ... [Read More]

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