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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

New roles for 2 executives at Toyota’s captive

board-room
Monday, Dec. 11, 2017, 03:46 PM
SubPrime Auto Finance News Staff
Among seven executive changes made by Toyota across its North American operations, two involve top leaders at the automaker’s captive finance company. Effective Jan. 1, the company said in a recent announcement that Scott Cooke will be group vice president ... [Read More]

Though CFPB is in flux, compliance efforts still benefit auto finance providers

compliance pic
Thursday, Dec. 7, 2017, 05:11 PM
Nick Zulovich, Senior Editor
Even before the wrangling over who will lead the Consumer Financial Protection Bureau intensified earlier this week, Craig Nazzaro emphasized that the heavy compliance lifting done by auto finance companies still has plenty of value. Nazzaro, who is of counsel ... [Read More]

Free FICO webinar to share strategy to handle accounting changes for credit losses

best practices
Thursday, Dec. 7, 2017, 05:09 PM
SubPrime Auto Finance News Staff
FICO is hosting a free webinar to sort through the details of an important accounting change that might be giving auto finance companies grief in meeting new standards that change how institutions account for expected credit losses. FICO experts plan ... [Read More]

Q3 deep subprime originations sink to lowest level ever

subprime credit report
Thursday, Dec. 7, 2017, 04:31 PM
SubPrime Auto Finance News Staff
The evidence continues to mount showing how much auto finance companies are tightening their underwriting and slowing the volume of subprime paper they're adding to their portfolios. Experian Automotive reported on Thursday that the number of consumers outside prime (with ... [Read More]

TCPA update: Courts deliver mixed bag on customer consent and call outsourcing

compliance
Wednesday, Dec. 6, 2017, 07:21 PM
Dylan Howard, Baker Donelson
Having increased in number each of the past seven years, lawsuits alleging violations of the Telephone Consumer Protection Act of 1991 (TCPA) continue to plague the consumer finance industry. As should be expected with an already complex statutory scheme, recent ... [Read More]

CFPB update: Auto finance bulletin now subject to Congressional review

capitol hill
Wednesday, Dec. 6, 2017, 04:27 PM
Nick Zulovich, Senior Editor
The flurry of activity associated with the Consumer Financial Protection Bureau, its leadership and the regulation of auto financing intensified again this week. On Tuesday, Washington D.C. District Court Judge Timothy Kelly scheduled preliminary injunction hearing for Dec. 22 as ... [Read More]

Huntington elevates Porrello to lead auto finance segment

job promotion
Tuesday, Dec. 5, 2017, 03:46 PM
SubPrime Auto Finance News Staff
Huntington Bank looked within its ranks to fill a position set to be open because of a retirement as the institution has promoted industry veteran Rich Porrello to president of its auto finance business. Since 2010, Porrello has served as ... [Read More]

Dealertrack and DealerCenter partner to help independent dealers’ F&I efforts

partnership
Tuesday, Dec. 5, 2017, 03:43 PM
SubPrime Auto Finance News Staff
More service providers are working together to help dealership finance departments. This week, Dealertrack and DealerCenter announced a strategic integration partnership delivering a more connected F&I workflow. Independent dealerships using DealerCenter's DMS platform can seamlessly connect customer information to Dealertrack’s ... [Read More]

5 major auto financing metrics move higher in November

application
Tuesday, Dec. 5, 2017, 03:16 PM
SubPrime Auto Finance News Staff
Each of the five metrics involving used- and new-vehicle financing that Edmunds tracks each month moved higher in November. That collection includes averages for terms, monthly payment, the total amount financed, APR and down payment. Edmunds manager of industry analysis ... [Read More]

Exeter Finance joins RouteOne’s eContracting platform

driver-key-2
Monday, Dec. 4, 2017, 04:12 PM
SubPrime Auto Finance News Staff
The streamlining of financing is happening in the subprime space, too. RouteOne announced on Monday that Exeter Finance is now an available eContracting finance source for dealers utilizing the RouteOne platform. Officials reiterated eContracting can enable the digital exchange of ... [Read More]
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