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This Month's Focus

Artificial Intelligence
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Bain Survey: Few Companies Ready for Sustainability Rules (24%) Building on three-year partnership, Bain invests in OpenAI Deployment Company
Wednesday, May. 13, 2026, 12:13 PM
Bain & Company today announced an investment in the Deployment Company, a new venture launched by OpenAI with 19 global partners. According to a news release, the OpenAI Deployment Company is built to help businesses deploy artificial intelligence across their ... Read More
EY study shows Canadians still cautious about AI but using it more for everyday activities
Monday, May. 11, 2026, 03:00 PM
This artificial intelligence is pretty smart, eh? That sentiment might be held by at least some Canadians who are already embedding AI into everyday decisions, often in ways that extend beyond simple assistance into early autonomy, even while concerns about ... Read More
Carfluent’s new AI tool helps dealerships beat aggregators in searches
Monday, May. 11, 2026, 09:51 AM
A growing percentage of consumers now use artificial intelligence as what marketplace Cars.com describes as a “trusted co-pilot” in their search for a vehicle to purchase. Meanwhile, other studies suggest that dealership websites are not visible to many of those ... Read More
Tiger Okeley describes what it’s like for BHPH dealers during another turbulent year
Tuesday, May. 12, 2026, 01:47 PM
Tiger Okeley is the executive board member of Oak Motors, a buy-here, pay-here dealership that’s been in business for more than 40 years in central Indiana. Having seen boom times, recessions, and more, Okeley shared his insight to help owners ... Listen Here
SPONSORED EPISODE: Know your Buyer & Grow your Lot
Tuesday, May. 12, 2026, 09:20 AM
In this insightful episode of the Auto Remarketing Podcast, Auto Trader and KBB executives Elizabeth Stegall and David Lumpkin share findings gleaned from Cox Automotive’s unique research into shoppers who buy from Independent Dealers. Learn how shifting buyer expectations connect ... Listen Here
FICO’s Shams Blanc on lenders sharpening underwriting & more
Wednesday, Apr. 29, 2026, 03:54 PM
Fresh off being in Miami as part of the Used Car Industry Summit that Cherokee Media Group hosted this spring, Shams Blanc, who is vice president of auto scores at FICO, appeared again on the Auto Remarketing Podcast. Blanc discussed ... Listen Here

House lawmakers pepper Cordray over dealer reserve

capitol hill for spn story
Wednesday, Sep. 30, 2015, 03:59 PM
Nick Zulovich, Editor
Two of U.S. House membesr who are two of staunchest defenders of dealers and how the indirect auto financing model currently operates — one that still includes dealer reserve — peppered the director of the Consumer Financial Protection Bureau who ... [Read More]

Westlake expanding workforce in Dallas

new hires floating above hands
Wednesday, Sep. 30, 2015, 03:57 PM
SubPrime Auto Finance News Staff
Westlake Financial Services shared its plans this week to expand its servicing team at the WFS Production Center in Dallas. Since its inception back in January, the company highlighted this facility has increased support for Westlake’s dealer partners, providing them with ... [Read More]

AmTrust Financial Services closes acquisition of Warranty Solutions

money 1
Wednesday, Sep. 30, 2015, 03:55 PM
SubPrime Auto Finance News Staff
AmTrust Financial Services recently completed of the acquisition of Warranty Solutions from Wells Fargo & Co. for approximately $158 million in cash. Officials indicated the transaction is expected to be immediately accretive, meaning it will add more value than the ... [Read More]

Fifth Third Bank ordered to pay $18M, reduce mark-up to 1.25% or less

gavel 4
Monday, Sep. 28, 2015, 06:48 PM
SubPrime Auto Finance News Staff
First Ally Financial, then American Honda Finance Corp., and on Monday, the Consumer Financial Protection Bureau added Fifth Third Bank to its list of recipients of multi-million-dollar actions for what the regulators determined to be discrimination in vehicle financing. As ... [Read More]

3 questions about legal action involving SCUSA & GAP coverage

gavel and documents
Monday, Sep. 28, 2015, 03:33 PM
SubPrime Auto Finance News Staff
FNI’s David Bafumo dissected a class action complaint involving Santander Consumer USA filed in the U.S. District Court for the Northern District of Illinois (Eastern Division) and uncovered three important questions that might impact other auto finance companies. To recap, ... [Read More]

CreditMiner gains bureau global reseller status

credit report
Monday, Sep. 28, 2015, 03:24 PM
SubPrime Auto Finance News Staff
CreditMiner announced that it has acquired full global reseller status with all three major credit bureaus, allowing for what the service provider called a “seamless” transition from a soft bureau transaction to a full application within its software platform. Ahead ... [Read More]

GrooveCar partners with DataOne Software to enhance buying resource

car buy button
Monday, Sep. 28, 2015, 03:23 PM
SubPrime Auto Finance News Staff
GrooveCar, a vehicle-buying resource for the credit union industry, recently formed a strategic partnership with DataOne Software to integrate real-time vehicle information within GrooveCar’s all new Everything Automotive Auto Buying Resource. Because of the partnership, GrooveCar is looking to launch ... [Read More]

CarMax Auto Finance not wary of being under CFPB jurisdiction

regulation and compliance puzzle
Friday, Sep. 25, 2015, 03:44 PM
Nick Zulovich, Editor
On the day CarMax Auto Finance completed the second quarter of its current fiscal year with a 6.2-percent increase in net income, the financing arm for the used-vehicle retailer came within the jurisdiction of the Consumer Financial Protection Bureau thanks ... [Read More]

6 teams of Northwood students involved in EFG Companies F&I Innovator of the Year Award competition

Award
Friday, Sep. 25, 2015, 03:43 PM
SubPrime Auto Finance News Staff
EFG Companies this week announced student competitors and F&I mentors participating in the first F&I Innovator of the Year Award competition at Northwood University. The competition will pit six teams of Northwood’s junior and senior undergraduate automotive marketing and management ... [Read More]

August auto defaults tick up 4 basis points

pen and bar graphs
Wednesday, Sep. 23, 2015, 03:51 PM
SubPrime Auto Finance News Staff
More subprime paper in the entire credit mix produced small increases in numerous default rates, but not to a point that triggered warning from S&P Dow Jones Indices and Experian. Data through August showed the auto segment of the S&P/Experian ... [Read More]

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