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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

2nd Bill Focused on Auto Financing Back in US House

capitol hill for spn story
Tuesday, Apr. 14, 2015, 07:48 PM
SubPrime Auto Finance News Staff
The National Automobile Dealers Association applauded the continued bipartisan efforts in Congress to rescind what it considers “flawed” guidance from the Consumer Financial Protection Bureau that would “harm” consumers by limiting their ability to obtain discounted auto financing. This week, ... [Read More]

Why Student Loan Delinquency Might Become Even Worse

graduation cap on money
Tuesday, Apr. 14, 2015, 07:44 PM
SubPrime Auto Finance News Staff
The latest report from a pair of experts at the Federal Reserve Bank of St. Louis included a question that could significantly impact finance companies and dealership F&I departments. The report was titled, “Student Loan Delinquency: A Big Problem Getting Worse?” Senior ... [Read More]

Only 22% of Americans Saving for Future Expenses

piggy bank 1
Monday, Apr. 13, 2015, 03:33 PM
SubPrime Auto Finance News Staff
A recent consumer survey conducted by Harris Poll on behalf of Ally Financial showed the potential for buyers arriving at the dealership with a savings account containing enough money to make a down payment high enough to satisfy finance company ... [Read More]

CPS Looks to Generate $50M Through Note Offering

money 1
Monday, Apr. 13, 2015, 03:31 PM
SubPrime Auto Finance News Staff
Based on its latest filing with the Securities and Exchange Commission, Consumer Portfolio Services is looking to collect more resources to ramp up its subprime auto financing. The company said in the filing that it’s offering renewable unsecured subordinated notes to ... [Read More]

Former SunTrust Exec Joins Black Book

new hires floating above hands
Monday, Apr. 13, 2015, 01:29 PM
SubPrime Auto Finance News Staff
Black Book tapped a former SunTrust Bank executive today to be its new vice president of lender solutions. Joining the company and bringing 20 years of automotive finance industry experience is Barrett Teague, who will be responsible for overseeing strategic ... [Read More]

3 Reasons Not to Fear CFPB Complaint Database Policy

complaint pic
Friday, Apr. 10, 2015, 03:31 PM
SubPrime Auto Finance News Staff
FNI Inc. president David Bafumo took a couple of weeks to analyze the complaint database policy the Consumer Financial Protection Bureau revealed; a move that generated immediate skeptical reaction for industry associations. Now that potentially the immediate dust has settled ... [Read More]

NIADA, Dealertrack Offering Free F&I Guidance

randy henrick clip for SPN
Friday, Apr. 10, 2015, 03:26 PM
SubPrime Auto Finance News Staff
The National Independent Automobile Dealers Association and Dealertrack Technologies recently joined forces to give dealers an opportunity to get their F&I department questions answered without paying a retainer or being charged billable hours. Dealertrack associate general counsel Randy Henrick worked ... [Read More]

DRN Completes SOC 2 Type 1 Audit Report Certification

news
Friday, Apr. 10, 2015, 03:23 PM
SubPrime Auto Finance News Staff
Digital Recognition Network announced this week that the company’s vehicle location data and license plate recognition technology services completed and passed a SOC 2 (Service Organization Control) Type 1 report for security, availability and confidentiality. DRN officials highlighted that independent ... [Read More]

ABA Report Shows Q4 Delinquencies Moved Little

pen and bar graphs
Thursday, Apr. 9, 2015, 03:02 PM
SubPrime Auto Finance News Staff
The latest American Bankers Association’s Consumer Credit Delinquency Bulletin showed auto loan performance in the fourth quarter didn’t stumble much as the two categories analysts track moved only a total of 3 basis points year-over-year. ABA reported that direct auto ... [Read More]

Why Employment Data Bodes Well for Financing

employment pic
Wednesday, Apr. 8, 2015, 04:05 PM
Nick Zulovich, Editor
While acknowledging there are some murky points about the latest U.S. employment trends that could concern finance companies and their origination departments, Manheim chief economist Tom Webb explained how managers can focus on the most important elements that can keep ... [Read More]
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