A collection of 21 current and former federal lawmakers who might be considered the staunchest supporters of the Consumer Financial Protection Bureau filed an amicus brief on Tuesday asking the U.S. Court of Appeals for the District of Columbia Circuit ... [Read More]

On Tuesday, General Motors Financial announced the completion of a new addition to its Arlington Operations Center campus in Arlington, Texas, with a ribbon-cutting ceremony that featured remarks from state Sen. Brian Birdwell, state Rep. Chris Turner, city of Arlington ... [Read More]

Both Credit Acceptance Corp. and Prestige Financial Services each recently received honors for how great their workplaces are. Credit Acceptance was among the 2016 Top Workplaces honored by The Detroit Free Press, having been named the No. 2 workplace in ... [Read More]

We’re beginning 2017 by engaging the industry again with one of our most successful projects — The CEO Issue. In an ongoing effort to recognize the chief executive officers who are flourishing in today’s competitive marketplace, SubPrime Auto Finance News ... [Read More]

Alternative credit information provider FactorTrust recently added National Auto Lenders as a new customer to enhance the auto finance company’s underwriting process. Both FactorTrust and NAL insisted non-prime auto financing has seen a steady increase in recent years due to ... [Read More]

As part of its continued national expansion and in response to demand from credit unions, Motor Vehicle Software Corp. (MVSC) introduced its proprietary Vitu Lending solution to the California and Nevada Credit Union League. MVSC explained Vitu’s solution can offer ... [Read More]

According to its latest analysis of auto loan ABS transactions shared with SubPrime Auto Finance News, S&P Global Ratings said it is expecting managed portfolio losses to rise for the remainder of 2016 and possibly 2017. However, in reviewing these ... [Read More]

To all the auto financing executives and experts who came to Las Vegas for Used Car Week, we thank you for making this year’s SubPrime Forum and Re3 Conference the most engaging and successful industry gatherings Cherokee Media Group has ... [Read More]

According to a document referenced in recent reports and also shared with SubPrime Auto Finance News, Chase Auto Finance named Mark O’Donovan as chief executive officer. O’Donovan succeeds Thasunda Duckett, who was named CEO of Chase’s consumer bank last month. ... [Read More]

Nicholas Financial top management explained intense competition for subprime paper triggered not only modifications of its infrastructure and human capital, but also how many contracts the finance company booked during the second quarter of its current fiscal year. The company ... [Read More]