Subprime lags behind Dealertrack Credit Availability Index climb of 5 straight months

Wednesday, Jul. 15, 2026, 09:51 AM

APCO boosts EasyCare footprint via acquisition for second time in less than a week

Tuesday, Jul. 14, 2026, 10:44 AM

SAFCO promotes CFO to president

Monday, Jul. 13, 2026, 11:54 AM

Latest Stories

Acting CFPB director defends changes to ‘out-of-control’ agency during Congressional hearings

Edmunds pinpoints top 20 trades with negative equity in Q2

Auto Data Direct rolls out CarLocate in Texas

The Spark Between EVs & CPO

Thursday, Jul. 16, 2026, 02:46 PM

In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here

Vincenzo Ciampi of iA Financial Group

Tuesday, Jun. 30, 2026, 10:53 AM

Next up on the Canada’s Used Car Week Live Stage is Vincenzo Ciampi . who is senior vice president, of auto finance and dealer services for Canada at iA Financial Group. Ciampi talks with Cherokee Media Group’s Joe Overby about ... Listen Here

Ted Berlovich of Clutch

Monday, Jun. 29, 2026, 03:44 PM

Continuing the discussions from the Live Stage at Canada’s Used Car Week, senior editor Joe Overby connects with Ted Berlovich, director of wholesale at online used-car retailer Clutch. Berlovich explained the company’s wholesale process, how the company handles some of ... Listen Here

Cox Automotive reiterates value of smooth title processing

Wednesday, Sep. 20, 2023, 12:00 PM

SubPrime Auto Finance News Staff

Title work is crucial for consignors, dealerships and finance companies when getting repossessed vehicles through the wholesale market, especially since they’re likely in a negative position if the contract holder defaulted just a few months into the term. James Canepari, ... [Read More]

CFPB gives guidance when using AI & other tools for credit underwriting resulting in adverse actions

artificial intelligence

Wednesday, Sep. 20, 2023, 11:57 AM

SubPrime Auto Finance News Staff

Finance companies that book subprime paper often use sophisticated technology for underwriting and risk mitigation. The Consumer Financial Protection Bureau (CFPB) now has taken a regulatory stance on how those tools should be used, especially when consumers are not granted ... [Read More]

Safe-Guard to open new call center in South Carolina

Wednesday, Sep. 20, 2023, 11:56 AM

SubPrime Auto Finance News Staff

On Tuesday, Safe-Guard Products International announced it will expand its call center services this year with a new location in Greenville, S.C. Located just southeast of downtown and only two-and-a-half hours from the company’s Atlanta headquarters, the provider of branded ... [Read More]

Free weekly credit report availability now permanent

credit report image

Tuesday, Sep. 19, 2023, 10:51 AM

SubPrime Auto Finance News Staff

Equifax, Experian and TransUnion on Monday reinforced their commitment to the financial health of U.S. consumers with the ongoing availability of free weekly credit reports through AnnualCreditReport.com. The three nationwide credit reporting agencies (NCRAs) announced the free service first introduced ... [Read More]

More softening auto data as next Fed interest-rate decision nears

money-key

Monday, Sep. 18, 2023, 09:57 AM

SubPrime Auto Finance News Staff

With the Federal Reserve on deck to announce its next decision involving interest rates on Wednesday, policymakers have softening trends percolating from the auto finance space to consider when deciding if another rate hike is merited to curb inflation. Last ... [Read More]

LendingClub Bank to use Santander as servicer for auto portfolio

Santander image

Friday, Sep. 15, 2023, 10:14 AM

SubPrime Auto Finance News Staff

Santander Consumer USA is doing more than just booking its own paper nowadays. This week, SCUSA announced that it has been chosen as the primary servicer for LendingClub’s auto refinance portfolio. According to a news release, LendingClub Bank has a ... [Read More]

KBRA moves into larger Chicago office

Friday, Sep. 15, 2023, 10:13 AM

SubPrime Auto Finance News Staff

Kroll Bond Rating Agency (KBRA) now has more room to operate in the Windy City. This week, KBRA announced the opening of a new corporate office at 71 South Wacker Drive in the heart of the Chicago Loop to support ... [Read More]

PODCAST: Equifax on returning student loan payments impacting auto

Thursday, Sep. 14, 2023, 10:34 AM

SubPrime Auto Finance News Staff

The pause in federal student loan payments triggered by the pandemic ends in October, so some consumers will have a monthly expense of several hundred dollars again. Tom Aliff, risk consulting leader with Equifax, explained why auto finance companies need ... [Read More]

Cox Automotive: Looser credit hasn’t translated into additional applications

Wednesday, Sep. 13, 2023, 12:02 PM

SubPrime Auto Finance News Staff

Auto finance providers reportedly loosened underwriting again in August, according to the Dealertrack Credit Availability Index. They opened to a point that experts said auto credit was easier to get in August than any time so far this year. But ... [Read More]

700Credit finalizes affiliation with OTTOMOTO

online car shopping

Monday, Sep. 11, 2023, 11:48 AM

SubPrime Auto Finance News Staff

Last week, 700Credit announced an affiliation with OTTOMOTO, a platform designed to streamline every part of the retail finance process — from credit applications through funding. With this new relationship, OTTOMOTO has integrated 700Credit’s compliance and prequalification soft pull solutions ... [Read More]

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