Subprime

Federal Lawsuit Filed Against Lender over Repossession Agents Exploiting McDonalds Drive-Thru’s during the Covid-19 Crisis

September 15, 2020 Editor

A Federal Lawsuit has been filed against Prestige Financial Services of Utah for its...

PassTime Announces Elite 6 – Next Generation GPS Device

October 9, 2018 Editor

FOR IMMEDIATE RELEASE Littleton, CO – October 9, 2018 – PassTime®, a leading provider...

TN Repo Dragging of 14 Year Old Causes Uproar

July 3, 2018 Editor

  The assistance of a city police officer in the repossession of a car...

22 Repo Industry Statistics, Trends & Analysis

May 5, 2018 Editor

  Cruising Google for stories, as I frequently do, I stumbled across this interesting...

Small Subprime Lenders Are Starting to Fail

April 12, 2018 Editor

  New York, NY – 6 April 2018 – Growing numbers of small subprime...

Advantage GPS by Procon Analytics Launches an Automotive Analytics RealTime Risk Assessment Dashboard Integrating Artificial Intelligence

March 6, 2018 Editor

Auto lenders can now view real-time analytics for key indicators used to monitor the...

This Subprime Auto Lender Repos 35 Percent of the Cars It Finances

February 22, 2018 Editor

  Subprime auto lending has faced intense regulatory scrutiny over the past year, and...

Repossession Crisis on the Horizon?

December 22, 2017 Editor

  GUEST EDITORIAL Most of us remember the repo boom in 2008-2010 when the...

NY Fed: Auto Loan Delinquencies Rising in the “Sub-Prime” Market

November 27, 2017 Editor

New York, NY – 21 November 2017 – The growth in household debt can...

Auto Loan Fraud Soars

May 11, 2017 Editor

Up to 1% of car loan applications include deception, firm says Borrower fraud in...

Subprime Auto Loan Losses Reach Highest Level since the Financial Crisis

March 13, 2017 Editor

Subprime net loss rate in auto bonds rose to 9.1% in January U.S. subprime...

Santander Decides Not to Use GPS

February 27, 2017 Editor

Dallas-based Santander Consumer USA Holdings Inc., one of the country’s biggest subprime auto lenders,...

John Oliver Blasts Sub-Prime Auto Lending and Repossessions

August 16, 2016 Editor 2

August 16, 2016 – Earlier this month, English HBO comedian and commentator took aim...

Santander Agrees to pay $9.3M for Violating Servicemen’s Rights

March 3, 2015 Editor

Washington, DC – February 25, 2015 — Auto lender Santander Consumer USA agreed to...

Subprime Lender Spends Years and Thousands to Fight $2,300 Judgment

February 14, 2013 Editor 1

Milwaukee County, WI – February 12, 2013 – How much would time and money...