Survey: 27% of consumers do not review their credit report annually
Wednesday, Oct. 2, 2024, 10:57 AM
Edmunds: Average amount financed for used cars drops in Q3
Tuesday, Oct. 1, 2024, 10:00 AM
FTC reiterates use of ‘plain language’ associated with regulatory activities
Monday, Sep. 30, 2024, 11:35 AM
Auto defaults make largest monthly rise in more than a year
Monday, Jan. 3, 2022, 04:30 PM
SubPrime Auto Finance News Staff
Experts from Kroll Bond Rating Agency (KBRA), S&P Dow Jones Indices and Experian all noticed some deterioration in auto finance performance before 2021 finished. Released four days before Christmas, data through November for the S&P/Experian Consumer Credit Default Indices showed ... [Read More]
Former EFG executive takes role at AutoPayPlus
Friday, Dec. 17, 2021, 02:24 PM
SubPrime Auto Finance News Staff
John Stephens is bringing more than 30 years of automotive experience to AutoPayPlus by US Equity Advantage. The biweekly payment processing provider announced this week that Stephens has joined the company as chief sales officer. Most recently, Stephens served as ... [Read More]
Auto-financing context around Fed’s last move of 2021
Thursday, Dec. 16, 2021, 03:30 PM
SubPrime Auto Finance News Staff
Cox Automotive chief economist Jonathan Smoke again offered context about the potential influence on auto financing that the Federal Reserve last policy action of the year might have. On Wednesday, the Federal Open Market Committee decided unanimously to keep the ... [Read More]
PODCAST: AFSA’s Celia Winslow on CFPB subprime auto report & more
Wednesday, Dec. 15, 2021, 02:55 PM
SubPrime Auto Finance News Staff
American Financial Services Association senior vice president Celia Winslow appeared on this episode of the Auto Remarketing Podcast to discuss what the Consumer Financial Protection Bureau reported when the regulator examined subprime auto financing earlier this year. Winslow also shared ... [Read More]
Parthenon Capital Partners acquires KBRA
Tuesday, Dec. 14, 2021, 03:41 PM
SubPrime Auto Finance News Staff
One of the closest observers of the auto securitization market now has new ownership after forming in the wake of the global financial crisis. Kroll Bond Rating Agency (KBRA) announced on Tuesday that it has entered a deal with growth-oriented ... [Read More]
AUL charitable giving surges past $1M since 2012
Monday, Dec. 13, 2021, 04:00 PM
SubPrime Auto Finance News Staff
You could say AUL Corp. is in a giving mood. AUL president and chief executive officer Jimmy Atkinson announced on Friday that the F&I provider just surpassed $1 million in total charitable contributions since 2012. This year, AUL said it ... [Read More]
Santander updates share acquisition deadlines
Monday, Dec. 13, 2021, 03:58 PM
SubPrime Auto Finance News Staff
Almost four months later, the journey of Santander Consumer USA shifting from a publicly traded company to a private firm still isn’t over the financial finish line. The company announced last week that it has extended the expiration date of its ... [Read More]
DriveItAway to gain new ownership via share exchange
Friday, Dec. 10, 2021, 03:30 PM
SubPrime Auto Finance News Staff
Earlier this week, DriveItAway announced its newest program for employers to enable vehicle ownership as both a means and incentive for potential new employees to get to work. On Thursday, the mobility platform with its subscription-to-purchase technology for dealers made ... [Read More]
Car Capital rounding out busy year with new chief revenue officer
Friday, Dec. 10, 2021, 03:28 PM
SubPrime Auto Finance News Staff
Car Capital is capping off an active year by bringing on a new chief revenue officer this week. Looking to establish itself as an up-and-coming auto-finance technology company that strives to get any deal bought no matter the consumer credit ... [Read More]
COMMENTARY: Nearly year-end market review
Wednesday, Dec. 8, 2021, 04:54 PM
Joseph Cioffi, Davis+Gilbert
Delinquencies and losses should be the canary in the coal mine for performance trends, but they can also wag the dog, drawing attention away from looming issues. In subprime lending, borrowers could demonstrate the first indications of trouble for the ... [Read More]