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
Credit Acceptance Completes Credit Facility, AmeriCredit Announces Asset-Backed Securitization
Nick Zulovich
SOUTHFIELD, Mich., and FORT WORTH, Texas — Credit Acceptance Corp. recently announced the completion of a $50-million credit facility, while AmeriCredit announced its 55th asset-backed securitization for $1.2 billion. Credit Acceptance Corp. said it completed a $50-million credit facility with ... [Read More]
DealerAccess Canada Launches eF&I Certified Interface with Reynolds
Nick Zulovich
TORONTO — DealerAccess Canada announced it has launched the eF&I Certified Finance Interface with Reynolds and Reynolds Canada as an enhanced bidirectional interface between the REYNOLDSYSTEM and the DealerAccess portal. Executives noted that the interface of DealerAccess with the REYNOLDSYSTEM ... [Read More]
Drive Financial Services Sells 90% Stake to Santander Consumer Finance
Nick Zulovich
DALLAS — The board of managers of Drive Financial Services announced that Banco Santander Central Hispano has entered into an agreement with HBOS and selected members of Drive management to acquire a 90 percent ownership stake in the company. Despite ... [Read More]
Fed Reports on Latest Consumer Credit Information
Nick Zulovich
WASHINGTON, D.C. — Although preliminary data on the average annual percentage rate for new-car loans financed through auto finance institutions has slowly crept up in recent months, it still remains in the 5th percentile, coming in at 5.37 for July, ... [Read More]
Lithia Signs $225 Million Credit Facility with Several Lenders
Nick Zulovich
MEDFORD, Ore. — Lithia Motors recently announced it has signed a new credit facility that will be funded by US Bank, DaimlerChrysler Financial Services and Toyota Financial Services. All three lenders will participate equally in the credit facility, according to ... [Read More]
NADC Plans F&I Compliance Workshop
Nick Zulovich
HANOVER, Md. — F&I compliance will be the topic of a daylong workshop presented by the National Association of Dealer Counsel at the Four Points Sheraton BWI Airport in Baltimore, Nov. 10, according to officials. The workshops will be held ... [Read More]
DriveTime Helps Disadvantaged Schools
Nick Zulovich
PHOENIX, Ariz. — In 2003, DriveTime created a program to donate dollars and volunteer time to disadvantaged schools, which the company classifies as schools without local funding for necessary repairs, little or no parental involvement and failing test scores. The SchoolTime ... [Read More]
KBB: Buyers More Attracted to 0% Financing Over Other Incentives
Nick Zulovich
IRVINE, Calif. — Thirty-seven percent of today's in-market vehicle buyers said they see zero-percent financing as the most appealing incentive available, up 11 percent from last year, according to Kelley Blue Book's New-Vehicle Buyer Attitude Study on Vehicle Purchasing and ... [Read More]
Carbiz Announces Speaker Lineup for Dealer Conference
Nick Zulovich
SARASOTA, Fla. — Carbiz has announced the speaker list for its 2006 professional development conference for dealers Nov. 5-7, at the Sirata Beach Resort on the Gulf of Mexico in St. Pete Beach, Fla. Speakers include: — Ken Shilson, founder ... [Read More]
Ad Deadline for Inaugural SubPrime Auto Finance News Next Week
Nick Zulovich
CARY, N.C. — The advertising deadline for the first print edition of SubPrime Auto Finance News is early next week, so act fast as space is filling up. SubPrime Auto Finance News will offer articles featuring such industry players as ... [Read More]
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