Messages obtained by SubPrime Auto Finance News during the past couple of days perhaps illustrate how wide-ranging the auto finance landscape currently is. On Friday, Cherokee Media Group received an anonymous tip that Truist Bank and Regional Acceptance were set ... [Read More]

A coalition of 24 attorneys general threw their support behind the Consumer Financial Protection Bureau this week, submitting an amicus brief to the Supreme Court The group is urging the court to overturn a decision by the U.S. Court of ... [Read More]

You can decide how connected the timing of these two auto finance trends are. Cox Automotive reported last week that auto credit availability in April tightened to a point not seen in almost two years. This week, S&P Indices and ... [Read More]

Electric vehicles are steadily gaining share in both the used- and new-vehicle markets. But not every consumer maintains their monthly payments on those EVs. To help repossession agents handle the unique situations EVs present, the American Recovery Association is hosting ... [Read More]

Two technology providers specializing in originations and underwriting announced this week they’re now working together. Launcher finalized an integration partnership with TurboPass, enhancing multi-verification capabilities and simplifying the funding process for mutual finance company clients utilizing Launcher’s appTRAKER Loan Origination ... [Read More]

In October, the Federal Trade Commission announced an action against Passport Automotive Group for what the regulator called in a news release as “deceiving consumers by tacking hundreds to thousands of dollars in illegal junk fees onto car prices and ... [Read More]

It’s been about a decade since TransUnion saw auto finance origination volume at this low of a level. The automotive portion of the Q1 2023 Quarterly Credit Industry Insights Report (CIIR) from TransUnion showed that Q4 2022 originations — viewed ... [Read More]

For California customers in your auto finance portfolio who might not have a checking account already, they might have an option to get one through California Credit Union. The institution said last week that it received certification by the national ... [Read More]

Federal officials are responding to an operation that allegedly is sending robocalls saying they originate from the Social Security Administration. Last week, the Federal Trade Commission sued to stop a voice over internet protocol (VoIP) provider XCast Labs that the ... [Read More]

Car Capital paused originations, reduced its workforce and shifted contract servicing to Westlake Financial last November because of “difficult capital market conditions.” On Thursday, Car Capital reemerged with a new leadership team set to do business now in the Midwest ... [Read More]