The potential for more vehicle installment contract holders in your portfolio to use their smartphone to make regular payments to keep their auto financing current took another step forward on Monday. Early Warning announced preliminary details of a tool named ... [Read More]

With outstanding auto loan balances reaching a record $1.1 trillion as of June 30 and concern growing about the sector’s health, S&P Global Ratings recently analyzed the resiliency of auto loan asset-backed securities (ABS) ratings through the Great Recession of ... [Read More]

SubPrime Auto Finance News has announced the winner of the fourth annual Subprime Auto Finance Executive of the Year Award, which is again sponsored by Black Book Lender Solutions. The honoree — who will receive the award during the SubPrime Forum at ... [Read More]

In an effort to broaden support of customers and the community, General Motors Financial launched what the finance company dubbed its Mobility Initiative, a multifaceted effort aimed at empowering and enriching local communities through financial education and resources, along with ... [Read More]

This week, used-vehicle service contract and related finance and insurance product provider GWC Warranty announced the addition of Therese Pramick as its new strategic brand manager. As a member of the marketing department, the company explained Pramick will be responsible ... [Read More]

FactorTrust vice president of auto finance Scott Brackin viewed the move made by Carvana to launch a prequalification financing program as more than just a lever the online auto retailer is pulling to turn used vehicles. What piqued Brackin’s interest ... [Read More]

Consumer Portfolio Services chairman and chief executive officer Brad Bradley acknowledged that he thought the company would operate like other subprime auto finance providers during the third quarter — tightening up underwriting and not booking as much paper. Turns out ... [Read More]

This week, FactorTrust finalized the integration of its database with risk analytics and decision solutions provider Provenir in an effort to offer Provenir’s clients exposure to a greater pool of creditworthy borrowers. “Combining FactorTrust’s ability to accurately mine and score ... [Read More]

Automotive Compliance Consultants advised dealerships to remain vigilant and attentive to consumer business practices even though the U.S. Court of Appeals recently ruled the leadership structure of the Consumer Financial Protection Bureau is unconstitutional. “The CFPB has been the biggest ... [Read More]

Western Funding, a specialized consumer finance company and subsidiary of Westlake Financial Services, this week named Garrett Weyrich as its new vice president of sales and marketing. Weyrich joins Western Funding with more than 17 years of auto finance experience. ... [Read More]