The first two winners of the Subprime Auto Finance Executive of the Year presented during Used Car Week are collaborating to help increase business for Westlake Financial Services. Westlake announced this week that the finance company recently contracted Bill Jensen ... [Read More]

As the Consumer Financial Protection Bureau takes a closer look at alternative data, the American Bankers Association delivered an eight-page comment letter containing a half dozen suggestions about the current and potential use of alternative data and modeling techniques in ... [Read More]

GWC Warranty, a provider of used-vehicle service contracts and related finance and insurance products sold through dealers, this week released Dealer Portal 2.0 — the latest enhancement to GWC’s online e-contracting platform. The company indicated Dealer Portal 2.0 introduces to ... [Read More]

Even as TransUnion noted that auto finance origination volume appears to be losing a little steam, the Federal Reserve Bank of New York’s Household Debt and Credit Report released on Wednesday showed how the balances consumers are absorbing for their ... [Read More]

PayLink Direct and Omnisure Group, two specialty finance and vehicle service contracts, recently merged to create one of the largest VSC payment plan providers in the United States. Rebecca Howard, co-founder and chief executive officer of PayLink Direct, and Paul ... [Read More]

On Wednesday, Black Book introduced its next generation ValuEngine platform with what the firm described as a new, easy-to-navigate web interface. Black Book reiterated ValuEngine is a real-time collateral valuation tool allowing automotive industry professionals, finance companies, OEMs and dealers the ability ... [Read More]

As analysts discussed how commercial banks are viewing auto financing, they also spotted the largest sequential drop in the auto segment of the S&P/Experian Consumer Credit Default Indices in five years. S&P Dow Jones Indices and Experian released its latest ... [Read More]

S&P Global Ratings confirmed that typical seasonal impacts helped collateral performance in the U.S. prime and subprime auto loan asset-backed securities (ABS) sectors to improve in March relative to February. Analysts indicated in their latest report that losses, delinquencies and recoveries ... [Read More]

So far this year, a wide array of investment analysts are asking finance companies that bring in any non-prime or subprime paper about their current risk appetite. Another occasion came when Santander Consumer USA hosted its quarterly conference call recently, ... [Read More]

Credit Acceptance Corp. appears well aware of the risk the finance company is taking as installment contract dollar amounts as well as terms keep growing. But that risk is certainly paying off — literally — as the company’s first quarter ... [Read More]