DigniFi, a fintech company specializing in automobile repair financing, announced the addition of two new strategic funding partners on Tuesday. In moves finalized on May 14, DigniFi said Encina Lender Finance is providing up to a $150 million credit facility while Brigade Capital Management is contributing an additional $25 million in debt financing. “DigniFi is […] [Read More]

Open Lending Corp. is looking to help consumers land both auto financing and car insurance. The provider of risk analytics solutions for financial institutions announced on Wednesday a partnership with Securian Financial Group in a move designed to enable Open Lending to provide insurance coverage through its flagship Lenders Protection program, as market volatility potentially […] [Read More]

Two service providers now are collaborating to help finance companies build originations with “invisible prime prospects.” On Tuesday, Trust Science and Conecta Marketing Group announced a strategic partnership. The companies explained Trust Science’s artificial intelligence-powered credit decisioning platform will enhance Conecta’s unified marketing platform to enable clients to find “invisible prime prospects” and gain a […] [Read More]

For the second time in the past decade, Fifth Third Bank is facing a multi-million-dollar penalty from the Consumer Financial Protection Bureau (CFPB) involving its activities with auto financing. The CFPB said on Tuesday that it’s taking enforcement actions against Fifth Third Bank for a range of illegal activities. The bank has been told to […] [Read More]

A longtime Cox Automotive executive has a new title and new responsibilities. The company announced it has promoted Joe Kichler from vice president and general manager of Cox Automotive logistics to senior vice president of digital inventory and supply chain solutions. Kichler, who has been with Cox at the VP level since 2012, will now […] [Read More]

Carvana wants to make it easier to buy an electric vehicle — and take advantage of the federal government’s EV tax credit — online. The online used-car retailer has launched new features designed to make the purchase of EVs and plug-in hybrids more accessible to its customers. The new process highlights vehicles that qualify for […] [Read More]

J.D. Power’s Mike Buckingham not only was part of the expert speaking faculty at Canada’s Used Car Week, but he also spent time at this year’s event in Toronto for the Auto Remarketing Podcast. Buckingham described some of the primary differences between the U.S. and Canadian finance markets as well as some ingredients that could […] [Read More]

Laura Davidson owns and operates Key Auto Approvals in Burlington, Ontario. A portion of Davidson’s customer base has been struggling financially, making reliable transportation even more important. One of Cherokee Media Group’s Women & Automotive: Profiles in Leadership honorees, Davidson made time for the Auto Remarketing Podcast after appearing on stage during Canada’s Used Car […] [Read More]

Normand Theberge serves as senior vice president and general manager of Cars Commerce Canada. During this episode of the Auto Remarketing Podcast recorded during Canada’s Used Car Week in Toronto, Theberge recapped the successful blending of D2C Media into the Car Commerce Canada portfolio, the future of Accu-Trade in Canada and more. Listen to the […] [Read More]

LGM Financial Services executive vice president of marketing Jeff Schulz acknowledged that more Canadians are seeking digital paths toward acquiring their next vehicle. During this episode of the Auto Remarketing Podcast recorded during Canada’s Used Car Week in Toronto, Schulz highlighted how the F&I industry is responding and what might be on the horizon in […] [Read More]