Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
Dissecting evolving credit scores with Shams Blanc of FICO
Monday, Nov. 24, 2025, 03:34 PM
As much as auto-finance underwriting has become sophisticated, a potential starting point to determine if the applicant will be offered an installment contract is the credit score. Shams Blanc, who is vice president of auto scores at FICO, described the ... Listen Here
Used Car Week Hall of Famer Jerry Kroshus of Location Services
Wednesday, Nov. 12, 2025, 04:19 PM
Next up on our podcast series with 2025 Used Car Week Hall of Fame inductees is a conversation with Jerry Kroshus, who is CEO of Location Services. Cherokee Media President Bill Zadeits talks with Kroshus about his career journey in ... Listen Here
Used Car Week Hall of Famer Kathy Ruble of Ally
Tuesday, Nov. 11, 2025, 07:52 PM
Next up on our podcast series with 2025 Used Car Week Hall of Fame inductees, we catch up with Kathy Ruble, who is executive director of marketing, dealer financial services and communications at Ally. Ruble has been the longtime moderator ... Listen Here

4 findings from FactorTrust’s latest Underbanked Index

money car_61
Wednesday, May. 3, 2017, 10:58 PM
SubPrime Auto Finance News Staff
On Wednesday, FactorTrust released its newest Underbanked Index, highlighting quarterly insights of the earning, spending and living habits of underbanked consumers — what the firm contends is a $105 billion untapped market. The index highlighted the demographic characteristics, credentials and ... [Read More]

13 finance companies assemble to talk fraud

shutterstock_474636388_0
Tuesday, May. 2, 2017, 11:53 PM
SubPrime Auto Finance News Staff
Machine learning and fraud solutions provider PointPredictive recently orchestrated a gathering of six of the nation’s Top 10 and nine of the nation’s Top 20 aimed at tackling the problem of auto finance fraud through collaboration. As a part of ... [Read More]

Compliance diary post No. 3: Enjoying a successful journey

compliance diary picture_0
Tuesday, May. 2, 2017, 11:51 PM
Nick Zulovich, Senior Editor
It’s been a little while since I’ve made an entry into my diary about navigating through the rigors of the National Automotive Finance Association’s Consumer Credit Compliance Certification Program. I’m happy to report I can see the certification summit. While ... [Read More]

7 components when hiring terrific candidates

business handshake 2
Monday, May. 1, 2017, 06:45 PM
Don Jasensky, Automotive Personnel
Over the past 28 years in executive search and several years as a general manager at a dealership prior, I have found seven components common to all terrific hires. We focus on these components when we are evaluating candidates and ... [Read More]

FICO answers 5 typical questions to enhance collections

shutterstock_162848774
Monday, May. 1, 2017, 02:23 PM
SubPrime Auto Finance News Staff
With delinquencies an ongoing concern, FICO said it has crafted a way to prioritize the account holders with the highest likelihood of paying. FICO discussed the process in its latest white paper, delving into the topic by discussing five questions ... [Read More]

How Q1 GDP figure might frame next rate discussion

fed interest rate pic
Monday, May. 1, 2017, 02:22 PM
SubPrime Auto Finance News Staff
The Federal Open Market Committee within the Federal Reserve is set to conduct its next regularly scheduled meeting on Tuesday and Wednesday. It appears the policymakers have much to discuss since first-quarter gross domestic product figures arrived this past Friday. ... [Read More]

March auto defaults dip 5 basis points

debt collection pic
Friday, Apr. 28, 2017, 01:36 PM
SubPrime Auto Finance News Staff
The auto finance component of the S&P/Experian Consumer Credit Default Indices showed contract defaults improved in March both on a year-over-year and sequential basis. According to data released by S&P Dow Jones Indices and Experian, auto loan defaults came in ... [Read More]

Carleton successfully completes SOC 2 audit

shutterstock_260373353
Friday, Apr. 28, 2017, 01:35 PM
SubPrime Auto Finance News Staff
Carleton, a provider of compliant financing calculation and document generation solutions, recently announced that it has successfully completed its 2016 SOC 2 compliance audit, conducted by Crowe Horwath. The company highlighted SOC 2 compliance has quickly become a hot topic ... [Read More]

UPDATED: CFPB hits SNAAC with another $1.25M penalty

gavel 4
Thursday, Apr. 27, 2017, 01:45 PM
SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau said on Wednesday that Security National Automotive Acceptance Company (SNAAC) violated a consent order from 2015, demanding that the finance company make good on the redress it owes to consumers and pay an additional $1.25 ... [Read More]

White paper tackles 8 common problems during F&I cancellation process

succession plan
Wednesday, Apr. 26, 2017, 02:46 PM
SubPrime Auto Finance News Staff
F&I Express insisted the F&I product cancellation process currently lacks standardization, automation, transparency and efficiency. F&I Express continued by stating these challenges not only have a negative impact on the day-to-day operations of a product provider or finance company, but ... [Read More]
X