Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
This Month's Focus

Artificial Intelligence
Presented by
Alfa Recon leverages AI to strengthen data migration
Monday, May. 18, 2026, 11:11 AM
Alfa, provider of Alfa Systems, strengthened its data migration toolbox last week with the launch of Alfa Recon, a new artificial intelligence-enabled reconciliation module. Designed to help customers migrate legacy data and acquired portfolios to Alfa Systems more quickly, more ... Read More
Dealer group C-suite executives examine role of AI at auto retailers
Monday, May. 18, 2026, 10:23 AM
Artificial intelligence in auto retail, says Zeigler Auto Group chief operating officer Sam D’Arc, is in a similar place as digital retail was 4-5 years ago. There’s a lot of excitement, but perhaps not a complete understanding of how AI ... Read More
Dealers look to AI for customer experience boost
Monday, May. 18, 2026, 10:10 AM
Sam D’Arc doesn’t remember what his query was when he first used ChatGPT, but the response was fast and accurate. “It caused a little bit of awe and surprise in how well it extracted information into the answer to the ... Read More
Flipping EV battery risk into faster sales
Monday, May. 18, 2026, 07:49 PM
We continue our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. AVILOO chief executive officer Brett Lippel focused on what ... Listen Here
What actually sells cars on social media?
Monday, May. 18, 2026, 07:42 PM
We begin our episodes of the Auto Remarketing Podcast originating from the Live Stage, which was sponsored by SYCN Auto Logistics, during the Used Car Industry Summit in Miami this spring. Bryan Pascual, founder of DealerCarLeads, answers one of the ... Listen Here
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

Credit Acceptance completes $75M secured warehouse facility

money 4
Monday, Oct. 5, 2015, 03:22 PM
SubPrime Auto Finance News Staff
Credit Acceptance recently completed a $75 million revolving secured warehouse facility with an institutional investor.  Under this facility, the company explained it will contribute loans to a wholly owned special purpose entity (SPE) and the SPE may borrow up to the ... [Read More]

2 trends reinforced in Fifth Third action with CFPB

michael thurman at UCW
Friday, Oct. 2, 2015, 03:47 PM
Nick Zulovich, Editor
In developments that frustrated a trio of franchised dealer trade groups, it appears the Consumer Financial Protection Bureau strengthened two regulatory patterns when the agency released its enforcement action against Fifth Third Bank earlier this week. To get some clarity about ... [Read More]

Westlake offers 7 details regarding agreement with CFPB

gavel 2
Friday, Oct. 2, 2015, 03:43 PM
SubPrime Auto Finance News Staff
Westlake Financial Services made public statements late Thursday after the Consumer Financial Protection Bureau penalized the subprime auto finance company and its auto title lending subsidiary Wilshire Consumer Credit for pressuring borrowers using what the regulator deemed to be illegal ... [Read More]

CFPB action against Westlake tops $44M

news report stock photo
Thursday, Oct. 1, 2015, 07:40 PM
SubPrime Auto Finance News Staff
The second significant Consumer Financial Protection Bureau enforcement action of the week in the auto finance space hit one of the largest players in the subprime market — Westlake Financial Services. On Thursday, CFPB punished Westlake and its auto title ... [Read More]

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]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X