SubPrime Auto Finance News Staff

Westlake Financial Services and Prestige Financial Services each announced updates about securitizations this week, combining for a total surpassing $1.1 billion. The larger of the two securitizations came from Westlake, which actually rolled out its largest issuance in company history. Westlake issued an $800... Read More

SubPrime Auto Finance News Staff

Experian senior director of digital credit marketing Scott Gordon acknowledged the proliferation of advertising mediums means there isn’t a “silver bullet” for dealerships and finance companies to use in order to showcase their options for consumers to purchase or lease a vehicle. What Gordon and the... Read More

SubPrime Auto Finance News Staff

Investment continues to be pushed into new technology designed to respond to how consumers want to purchase and finance their next vehicle. The newest development involves the captive associated with one of the Big 3 domestics. Financial technology company AutoFi on Thursday announced it has raised $10 million in... Read More

Nick Zulovich, Senior Editor

More than 70 finance companies are now included with a technology startup that’s aiming to provide consumers with an online auto financing search and booking process similar to what they already can use to secure flights or hotel rooms. SuperMoney, which rolled out a similar personal loans platform back in April,... Read More

SubPrime Auto Finance News Staff

What law enforcement determined to be deceptive practices associated with dealership advertising of financing options recently surfaced again — this time in New Jersey. Garden State attorney general Christopher Porrino and the state’s Division of Consumer Affairs announced that a Middlesex County dealership... Read More

3 critical questions for repo agents about locksmiths

SubPrime Auto Finance News Staff

The Council of Repossession Professionals (CORP) cautioned repo agencies about the potential pitfalls of using a locksmith company that might be mandated by a particular finance company client but could utilize employees who may not be aware or comply with specific state regulations. CORP explained through a post on the... Read More

SubPrime Auto Finance News Staff

Despite four factors that might make its confidence deteriorate, Kroll Bond Rating Agency (KBRA) said in a report released on Monday that it remains “comfortable” with auto loan ABS fundamentals. That assertion came within the firm’s newest structured finance research report titled, "U.S. Auto... Read More

SubPrime Auto Finance News Staff

As Westlake Financial Services broadened its employee training program, the finance company also recently agreed to use Equifax’s dealer intelligence platform, TradeSight, to manage and monitor its dealer relationships. TradeSight can help finance companies analyze originations, current and future dealer partners... Read More