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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

S&P Global’s 5-point ABS projections for 2017

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Friday, Jan. 6, 2017, 04:28 PM
Nick Zulovich, Senior Editor
Before S&P Global Ratings credit analyst Amy Martin could even get to her slides containing projections for the auto ABS market, an observer who joined the firm’s webinar on Thursday asked which subprime ABS issuers are most vulnerable to negative ... [Read More]

New ProMax Unlimited dealer tool leverages Equifax employment data

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Friday, Jan. 6, 2017, 04:26 PM
SubPrime Auto Finance News Staff
Dealer Marketing Services, the makers of ProMax Unlimited, recently released Employment and Income Verification Service (EIVS); a tool that can enable dealerships to access valuable data provided by Equifax in order to verify a customer’s employment history and income early ... [Read More]

A dealer’s secret weapon: The underutilized auto finance source representative

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Thursday, Jan. 5, 2017, 04:37 PM
George Ewing, Flagship Credit Acceptance
I recently came across an article titled, “J.D. Power: Speed No Longer Top Consideration When Selecting Finance Sources,” and it sparked my interest about what the modern retail automotive dealer leadership really wants to see from their finance companies when ... [Read More]

Foss retires from Credit Acceptance

Don Foss main for SPN
Wednesday, Jan. 4, 2017, 09:27 PM
SubPrime Auto Finance News Staff
One of the most noteworthy executives ever to participate in subprime auto financing has retired. Credit Acceptance announced late on Wednesday afternoon that founder Donald Foss, who most recently served as the company’s chairman, has decided to retire as an ... [Read More]

CFPB takes $23M action against TransUnion & Equifax

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Wednesday, Jan. 4, 2017, 05:37 PM
SubPrime Auto Finance News Staff
In an action one of the credit bureaus acknowledged through a filing with the Securities and Exchange Commission, the Consumer Financial Protection Bureau confirmed on Tuesday that it took action against Equifax, TransUnion and their subsidiaries for what they regulator ... [Read More]

Industry notes: Updates from Reynolds, U Drive Acceptance & FICO

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Wednesday, Jan. 4, 2017, 05:35 PM
SubPrime Auto Finance News Staff
Before the year closed, Reynolds and Reynolds added to its collection of libraries of standardized, legally reviewed finance and insurance (F&I) documents for dealers while a subprime finance company serving the Midwest — U Drive Acceptance — moved into new ... [Read More]

Ally set to finance $600M in Carvana contracts

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Wednesday, Jan. 4, 2017, 03:19 PM
SubPrime Auto Finance News Staff
Nearly a year after doubling the floor plan credit line for online retailer Carvana, Ally Financial announced a new agreement with the company on Wednesday where the finance company will make up to $600 million available to Carvana during the ... [Read More]

Auto finance news you might have missed to close 2016

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Tuesday, Jan. 3, 2017, 04:14 PM
SubPrime Auto Finance News Staff
With the staff at SubPrime Auto Finance News fresh for 2017, we gathered up some noteworthy announcements that arrived while we celebrated the close of a great year with family and friends. Among some of the highlights that came during ... [Read More]

3 more views of what Fed rate hike & forecast mean

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Friday, Dec. 16, 2016, 03:17 PM
Nick Zulovich, Senior Editor
Three economists who regularly share their assessments with SubPrime Auto Finance News dissected the Federal Reserve’s actions this week, which at the conclusion of the regularly scheduled Federal Open Market Committee meeting included the raising of the federal funds rate ... [Read More]

Equifax adds income & employment verifications into dealer service finance platforms

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Thursday, Dec. 15, 2016, 03:04 PM
SubPrime Auto Finance News Staff
Equifax announced on Thursday that it is powering a new solution designed to help dealerships to verify a potential buyer’s stated income and employment. The solution is fueled by accessing The Work Number, a database of employer-provided income and employment ... [Read More]
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