Wolters Kluwer: Digital transformation continues even as retail sales slow
Monday, Oct. 31, 2022, 03:48 PM
Auto Fin Journal Staff
Wolters Kluwer recently announced third quarter results and analysis from its Auto Finance Digital Transformation Index, a key resource that tracks the rate at which auto dealers, service providers and finance companies are seeing growth in the evolution from paper-based ... [Read More]
Tenet closes $20M warehouse facility from Silicon Valley Bank
Monday, Oct. 31, 2022, 03:46 PM
Auto Fin Journal Staff
Last week, Tenet announced that the company has secured what it believes is the first-ever electric vehicle (EV) only warehouse facility to make EVs more affordable. According to a news release, Tenet has entered into a warehouse financing agreement of ... [Read More]
eLEND Solutions survey finds most dealers lack effective fraud protection
Thursday, Oct. 27, 2022, 03:26 PM
Auto Fin Journal Staff
Most dealers who participated in a new survey from eLEND Solutions acknowledged they have a serious problem in connection with digital retailing and many do not have a proven strategy to solve it. According to the fintech company’s new report ... [Read More]
Womack shows passion to help others in route to being Auto Finance Executive of the Year
Wednesday, Oct. 26, 2022, 04:14 PM
Nick Zulovich, Senior Editor
In October 2021, Santander Consumer USA named Marc Womack as head of operations. A year later, Womack has been named as the Auto Finance Executive of the Year, an honor presented by Black Book. Womack will officially be given the ... [Read More]
Capstreet-backed CBC acquires CreditDriver Solutions
Wednesday, Oct. 26, 2022, 03:03 PM
Auto Fin Journal Staff
And the M&A parade in automotive continues. This week, Credit Bureau Connection, a provider of credit report and compliance solutions to automotive dealers, finance companies, and other end markets, announced the acquisition of CreditDriver Solutions, a soft credit technology provider ... [Read More]
Nacha spots wide use of younger consumers utilizing direct deposits & payments
Monday, Oct. 24, 2022, 02:51 PM
Auto Fin Journal Staff
Nacha commissioned a study earlier this year to determine how younger consumers are securing their income that’s key to lining up auto financing and maintaining monthly payments. The organization that governs the ACH Network learned that the sizable majority of the ... [Read More]
PODCAST: Halloween-themed fraud topics, including phantom loans & the dark web
Monday, Oct. 24, 2022, 02:44 PM
Auto Fin Journal Staff
Point Predictive chief fraud strategist Frank McKenna returned for his monthly visit on the Auto Remarketing Podcast. With Halloween a week away, McKenna explained what “scary” financial things such as phantom loans and the dark web are and how they ... [Read More]
Autonomy & Nova Credit partner to help ‘thin-file’ applicants land EV subscriptions
Wednesday, Oct. 19, 2022, 03:47 PM
Auto Fin Journal Staff
Nova Credit and Autonomy now are collaborating to help consumers with a ‘thin file’ or no credit history become electric vehicle subscribers. The consumer-permissioned credit bureau announced a partnership with the electric vehicle subscription company on Wednesday that will merge ... [Read More]
NVLA gives Shebesta its Clemens-Pender Award
Wednesday, Oct. 19, 2022, 03:43 PM
Auto Fin Journal Staff
Tarry Shebesta has been involved with the National Vehicle Leasing Association (NVLA) for 22 years. And during NVLA’s annual conference in Tucson, Ariz., Shebesta was presented with the 2022 Clemens-Pender Lessor of the Year Award, which is the organization’s highest ... [Read More]
AutoNation Finance launches, fueled by TruDecision partnership
Monday, Oct. 17, 2022, 02:31 PM
Nick Zulovich, Senior Editor
TruDecision CEO Daniel Parry elaborated about the current state of the auto finance market in conjunction with an exciting development for his company that was one of the first Emerging 8 honorees in 2019. On Tuesday, TruDecision announced that it’s ... [Read More]
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