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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

GWC Warranty promotes Pratt to AVP of strategic alliances

businessman going up stairs
Wednesday, Jul. 12, 2017, 03:55 PM
SubPrime Auto Finance News Staff
GWC Warranty, a provider of used-vehicle service contracts and related finance and insurance products sold through dealers, has appointed Wendy Pratt as the new associate vice president of strategic alliances. Pratt joined GWC Warranty in 2010 and shortly thereafter was ... [Read More]

Free FICO webinar to focus on integrating collections & recovery

delinquency key and money picture
Wednesday, Jul. 12, 2017, 03:52 PM
SubPrime Auto Finance News Staff
FICO is hosting a complimentary webinar in hopes of giving finance companies guidance on streamlining their collections and recovery processes. During the hour-long session, titled “Integrating Collections and Recovery — From Theory to Practice” that’s set for 1 p.m. ET on ... [Read More]

Why industry is ‘disappointed’ with CFPB’s arbitration rule

arbitration stock photo
Wednesday, Jul. 12, 2017, 03:47 PM
Nick Zulovich, Senior Editor
Clearly the industry is “disappointed” that the Consumer Financial Protection Bureau earlier this week issued a final rule prohibiting the use of class action waivers in arbitration clauses. The American Financial Services Association, the National Independent Automobile Dealers Association and ... [Read More]

New Experian credit tool aimed at streamlining mobile process

business people using smartphones
Tuesday, Jul. 11, 2017, 03:06 PM
SubPrime Auto Finance News Staff
A recent Experian survey found that 21 percent of consumers said they would consider purchasing a vehicle in the next six months if they could shop credit offers and apply via mobile device quickly and securely. As a result, Experian ... [Read More]

New CFPB rule bans mandatory arbitration

arbitration 2
Monday, Jul. 10, 2017, 06:39 PM
SubPrime Auto Finance News Staff
Check those installment contracts. Arbitration appears to be no longer an option for dealerships and finance companies to settle conflicts with consumers. On Monday, the Consumer Financial Protection Bureau announced a new rule to ban companies from using mandatory arbitration clauses ... [Read More]

5 points from FactorTrust’s non-prime survey

analysis pic
Monday, Jul. 10, 2017, 02:20 PM
SubPrime Auto Finance News Staff
FactorTrust recently released findings from an industry-wide survey on the use of alternative data in the non-prime auto financing space, which indicate that alternative data is being more commonly used for underwriting purposes in this market. The survey, sponsored by ... [Read More]

Buyers in only 1 of top 25 metro areas can afford new vehicles

expensive
Wednesday, Jul. 5, 2017, 03:07 PM
SubPrime Auto Finance News Staff
Along with looking to ascertain how few Americans have no emergency savings, a median-income household can only afford the average-priced new vehicle in one of the 25 largest U.S. metropolitan areas, according to a new Bankrate.com report released this week. ... [Read More]

PointPredictive secures funding to enhance fraud solution

news update 1
Wednesday, Jul. 5, 2017, 03:06 PM
SubPrime Auto Finance News Staff
With interest gaining steam toward combating fraud, PointPredictive landed funding from Mosaik Partners, an expansion-stage venture capital fund, to enhance its efforts as a provider of fraud solutions to banks, lenders and finance companies. PointPredictive announced on Wednesday that the ... [Read More]

Metrolina Credit opens new corporate offices

open for business
Wednesday, Jul. 5, 2017, 03:04 PM
SubPrime Auto Finance News Staff
This week, Metrolina Credit Co. celebrated more than just Independence Day. The finance company that often originates subprime installment contracts with both independent and franchised dealers announced the opening of its new corporate offices and flagship branch office in Charlotte, N.C. ... [Read More]

New record set within June’s new & used finance data

arrow up money
Monday, Jul. 3, 2017, 02:05 PM
SubPrime Auto Finance News Staff
As buyers’ appetites for bigger and more expensive vehicles grow, Edmunds found the contract term length for new-model financing reached an all-time high in June with the terms for used-vehicle deliveries not far off that record-setting pace. According to a ... [Read More]
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