Craig Harter is back with Fifth Third Bank, according to a news release. The institution announced on Monday that Harter has joined the bank as head of auto lending. Fifth Third is one of the largest bank originators of indirect auto financing in the country, with an extensive dealer network across more than 40 states. […] [Read More]

Byrider already has more than 140 buy-here, pay-here locations across the country. And the company recently added a new executive who is tasked with growing that store footprint even more. Byrider hired Michael Davis to reinforce its franchise development team in the role of franchise development manager. “We are excited to welcome Mike Davis to […] [Read More]

With the potential for repossession volume to rise, Recovery Industry Services Co. (RISC) wants to provide finance companies with a path to agents who can complete the task within federal and state guidelines. On Tuesday, the firm launched the all-new RISC Pro Directory that will allow users to search for a RISC Pro member agent […] [Read More]

With director Rohit Chopra firmly in place, the Consumer Financial Protection Bureau also has filled several high-profile regulatory positions, including the agency’s assistant director for the office of supervision policy and assistant director for the office of enforcement. Those two officials help the CFPB supervise banks and credit unions with more than $10 billion in […] [Read More]

To see how recent third quarter earnings reports have gone for the top auto dealer groups, a statement from Asbury Automotive Group president and chief executive officer David Hult summarized it well during that company’s earnings call on Oct. 26. In spite of supply issues, Asbury reported record earnings. “Though our new-car inventory levels continue […] [Read More]

In this special episode of the Auto Remarketing Podcast, ComplyNet president and general counsel Adam Crowell gave an update about mandates put forth by the Occupational Safety & Health Administration (OSHA) involving COVID-19 vaccinations and testing that now are being argued in federal court. Crowell explained the court activities that happened over the weekend and […] [Read More]

On Monday, Ally Financial and TIME announced the 47 nominees for the 2022 TIME Dealer of the Year award. Those dealers are set to be recognized at NADA Show on March 11 in Las Vegas. Ally president of dealer financial services Doug Timmerman and TIME global chief revenue officer Viktoria Degtar will announce the winner […] [Read More]

An industry leader who has received multiple accolades through award programs orchestrated by Cherokee Media Group now is part of the team at Wolters Kluwer Compliance Solutions. Jenn Reid has been named digital lending sales director to advance awareness of Wolters Kluwer Compliance Solutions’ end-to-end digital capabilities delivered by its eOriginal open platform. Reid has […] [Read More]

Dealers who are itching to grow their business now might be able to secure more affordable resources from Westlake Capital Finance (WCF). The Westlake Technology Holdings subsidiary announced last week that qualified dealers can be approved for new commercial real estate lending rates as low as 3.99%. WCF launched its commercial real estate lending program […] [Read More]

Not surprising to economic experts, the Federal Reserve stood pat on current policy associated with interest rates. However, Cox Automotive chief economist Jonathan Smoke pointed out one metric that might have an even more pronounced impact on auto financing than what the Federal Open Market Committee (FOMC) does involving interest rates. Last week, the FOMC […] [Read More]