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Industry Elite: Mike Clark Jr. of C&C Cars
Friday, Mar. 20, 2026, 03:50 PM
Next up on in our inaugural Industry Elite: The C-Suite honoree series is a conversation with Mike Clark Jr., operations manager of C& C Cars in Pinellas Park, Fla. Clark is a third-generation dealer and helps run the family business ... Listen Here
Industry Elite: Chuck Tapp of America’s Group
Friday, Mar. 20, 2026, 01:04 PM
Next up on our series with the inaugural Industry Elite: The C-Suite honorees is America’s Group CEO Chuck Tapp. In this episode, we revisit Tapp’s fireside chat with Cherokee Media Group president Bill Zadeits at Used Car Week 2025. They ... Listen Here
Industry Elite: Grace Huang of Cox Automotive
Thursday, Mar. 19, 2026, 04:49 PM
Kicking off our podcasts with the inaugural Industry Elite: The C-Suite honorees is a conversation with Grace Huang, president of Cox Automotive Inventory Solutions. Huang talks with Cherokee Media Group senior editor Joe Overby about her journey from business consultant ... Listen Here

From the editor: Interesting perspectives from newest members of the FTC

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Monday, Aug. 19, 2024, 03:45 PM
Nick Zulovich, Senior Editor
Melissa Holyoak and Andrew Ferguson are the two newest commissioners of the Federal Trade Commission, having been sworn into their positions in March and April, respectively. But Holyoak and Ferguson certainly are not bashful when questioning how the FTC operates, ... [Read More]

Asbury says FTC allegations of ‘payment packing’ are ‘false and unfounded’

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Monday, Aug. 19, 2024, 11:17 AM
SubPrime Auto Finance News Staff
Late last week, Asbury Automotive Group rejected “false and unfounded” allegations by the Federal Trade Commission (FTC) of “payment packing” at three of its dealerships in the Dallas-Fort Worth area. The development surfaced a couple of days after the FTC ... [Read More]

LendingClub survey reveals how unaware consumers are about current outstanding debts

Revisiting topic of partial payments
Monday, Aug. 19, 2024, 11:15 AM
SubPrime Auto Finance News Staff
Recent analysis by LendingClub Corp. might reinforce why the debt-to-income portion of your auto finance company’s underwriting guidelines could be dinging applications more often nowadays — especially if the individual is leaning heavily on their credit cards. LendingClub’s research on ... [Read More]

Dissension surfaces even when FTC votes unanimously to punish Arizona dealers

3 commissioners gain confirmation at FTC
Friday, Aug. 16, 2024, 11:24 AM
Nick Zulovich, Senior Editor
Here’s how a unanimous vote can still contain dissension in the automotive regulatory world. The Federal Trade Commission voted unanimously to join the state of Arizona against a pair of franchised dealerships. Officials said the stores engaged in a wide ... [Read More]

CFPB brings its own enforcement action involving credit repair

subprime credit report
Wednesday, Aug. 14, 2024, 02:37 PM
SubPrime Auto Finance News Staff
A couple of days after the Federal Trade Commission handed out penalties associated with credit repair, the Consumer Financial Protection Bureau (CFPB) took similar actions involving the same topic last week, too. The CFPB filed a proposed order to resolve ... [Read More]

Auto-credit availability dips for fourth consecutive month

Tuesday, Aug. 13, 2024, 05:11 PM
SubPrime Auto Finance News Staff
The flow of credit from the auto-finance spigot is steadily decreasing. The Dealertrack Credit Availability Index now has declined for four months in a row, as Cox Automotive reported the July reading at 92.9. That index level represented a 1.0% ... [Read More]

Obra Capital buys out Solera Auto Finance

Tuesday, Aug. 13, 2024, 11:53 AM
SubPrime Auto Finance News Staff
Solera Auto Finance has new owners and branding. Obra Capital, an asset management firm with a specialized approach to alternative investing, on Tuesday announced a buyout of the finance company from Solera Corp. First launched at NADA Show 2022, Obra ... [Read More]

TransUnion spots another quarterly decline in subprime auto

Monday, Aug. 12, 2024, 11:11 AM
SubPrime Auto Finance News Staff
Auto finance originations are down, personal loan balances sit at a record high, and consumers of all credit tiers are antsy for an interest-rate reprieve from the Federal Reserve. Those findings are the primary highlights of Q2 2024 Quarterly Credit ... [Read More]

Latest 700Credit alliance is with Fuse Autotech

partnership gears
Friday, Aug. 9, 2024, 09:40 AM
SubPrime Auto Finance News Staff
Another alliance involving 700Credit surfaced this week to help dealerships digitize their car sales, enabling their teams to retail and finance cars more efficiently. The latest move by the provider of credit reports, compliance solutions, soft pull, identity verification and ... [Read More]

FTC lawsuit results in $12M penalty, end of operations for credit-repair company  

FTC outlines 3 goals for improved digital economy
Friday, Aug. 9, 2024, 09:35 AM
SubPrime Auto Finance News Staff
Subprime auto finance companies often tout that an ancillary benefit of providing financing to consumers with soft credit histories is it can be a path to resuscitating an individual’s credit profile through on-time payments. This week, the Federal Trade Commission ... [Read More]

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