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Cutting keys & cutting costs during repossessions and recoveries
Wednesday, Dec. 10, 2025, 04:42 PM
Drawing standing-room-only attendance in the second-largest setting at Used Car Week 2025, Ryan Miller led a six-executive panel session that focused on one of the most complex challenges in all of repossessions and recoveries. Now available through this episode of ... Listen Here
Four experts on automotive & the economy
Wednesday, Dec. 10, 2025, 04:39 PM
Used Car Week 2025 again brought together experts who can explain which parts of the economy impact automotive most. This year’s event included views from Laura Wehunt of Black Book, Tim Gill of the American Financial Services Association, T.J. Cox ... Listen Here
Sponsored Episode: Winning Trade-Ins and Trust – Navigating Today’s Affordability Challenges
Friday, Dec. 5, 2025, 03:15 PM
Affordability challenges are reshaping the automotive landscape—vehicle prices and payments are at all-time highs and negative equity is on the rise. In this episode, Micah Tindor offers a data-driven conversation with real-world strategies around acquisition tactics and long-term profitability to ... Listen Here

5 parts of Western Funding’s record growth in 2022

LendingArch continues to expand presence in Canadian auto finance market
Friday, Mar. 10, 2023, 03:58 PM
SubPrime Auto Finance News Staff
Praising its team in the process, Western Funding Inc. (WFI), a subsidiary of Westlake Technology Holdings and part of the Nowlake umbrella, announced record growth in 2022. The company’s five primary highlights from last year include: —73% year-over-year growth in ... [Read More]

AFSA leader cites 5 examples why CFPB is ‘ripe for reform’

Thursday, Mar. 9, 2023, 03:58 PM
SubPrime Auto Finance News Staff
American Financial Services Association president and CEO Bill Himpler testified on Thursday during a hearing hosted by the U.S. House Subcommittee on Financial Institutions and Monetary Policy. Himpler made a case for why the Consumer Financial Protection Bureau is “ripe ... [Read More]

2023 Women in Collections and Recoveries honorees

Wednesday, Mar. 8, 2023, 05:12 PM
SubPrime Auto Finance News Staff
Cherokee Media Group on Wednesday announced this year’s honorees for the Women in Collections and Recoveries award program presented by American Recovery Service. The Women in Collections and Recoveries award program received nominations nationwide for women in various roles within ... [Read More]

MBSi & SCUSA partner to eliminate agency recovery fees

Wednesday, Mar. 8, 2023, 05:10 PM
SubPrime Auto Finance News Staff
MBSi made what it described as a “milestone” announcement on Wednesday involving what it called a “major client.” As a result of in-person meetings, the provider of repossession assignment management and compliance management solutions said Santander Consumer USA has decided ... [Read More]

Advanced Dealer Solutions now part of Zurich North America’s network of F&I agencies

Wednesday, Mar. 8, 2023, 05:09 PM
SubPrime Auto Finance News Staff
This week, Advanced Dealer Solutions (ADS) announced it has signed on to represent the Zurich suite of protection products to its current and future auto and powersports dealers. ADS is a dealer development agency based in Richfield, Ohio, with specialties ... [Read More]

Crescent Bank taps Open Lending to accelerate approval process

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Wednesday, Mar. 8, 2023, 05:09 PM
SubPrime Auto Finance News Staff
Open Lending finalized a partnership on Tuesday with Crescent Bank, an institution offering auto financing to consumers across 32 U.S. states. As rising interest rates and vehicle prices inhibit access to vehicle ownership for consumers in near- and non-prime credit ... [Read More]

3 economists upbeat about current employment scene

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Tuesday, Mar. 7, 2023, 03:09 PM
SubPrime Auto Finance News Staff
Cox Automotive chief economist Jonathan Smoke as well as Comerica Bank chief economist Bill Adams and senior economist Waran Bhahirethan offered perhaps some reassuring assessments of what the overall employment landscape looks like. All three shared their perspectives ahead of ... [Read More]

Cox Automotive cautious about taking ‘sky is falling’ approach with repossessions

Smoke sees subprime delinquency & defaults rising
Friday, Mar. 3, 2023, 04:04 PM
SubPrime Auto Finance News Staff
While acknowledging there has been some portfolio softening, Cox Automotive chief economist Jonathan Smoke cautioned about taking an approach “to create the view that the sky is falling.” Smoke explained his reasoning in a company podcast posted on Friday with ... [Read More]

Experian: Credit unions now pace all auto financing

Thursday, Mar. 2, 2023, 04:41 PM
SubPrime Auto Finance News Staff
Experian made the official declaration on Thursday. In the fourth quarter of 2022, credit unions held the largest percentage of the vehicle finance market for the first time. According to Experian’s State of the Automotive Finance Market Report: Q4 2022, ... [Read More]

FTC sues to stop ‘interconnected web’ of service providers carrying robocalls pitching phony debt relief services

Minnesota AG sues dealer, Ignite warns of legal risk
Wednesday, Mar. 1, 2023, 03:42 PM
SubPrime Auto Finance News Staff
The Federal Trade Commission recently sued to stop an “interconnected web” of operations responsible for delivering tens of millions of unwanted Voice Over Internet Protocol (VoIP) and ringless voicemail (RVM) phony debt service robocalls to consumers nationwide. The Department of ... [Read More]
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