In collaboration with the Federal Trade Commission (FTC), the Consumer Financial Protection Bureau (CFPB) this week released the 2020 annual report to Congress on the administration of the Fair Debt Collection Practices Act (FDCPA). Officials said the report highlights efforts by the CFPB and the FTC to protect consumers, particularly those who have suffered profound […] [Read More]

Point Predictive chief fraud strategist Frank McKenna returned for another episode of the Auto Remarketing Podcast to diagnose how badly auto financing is infected with fraud. McKenna also shared an update on how the firm’s auto-finance consortium is working toward finding an anecdote. To listen to this episode, click on the link available below, or visit […] [Read More]

One of the previous Women in Auto Finance honorees highlighted in Auto Fin Journal now also holds a leading position for the American Financial Services Association (AFSA). This week, AFSA announced the installation of Sandra Broderick, who is head of operations at Santander Consumer USA as the 2021 AFSA Vehicle Finance Division chair. Broderick succeeds […] [Read More]

The QuickQualify platform offered by 700Credit now includes data via the Experian Boost tool. According to a news release distributed this week, 700Credit’s web-based consumer prequalification solution that does not require a consumer’s Social Security Number or date of birth and does not affect their credit file has been integrated with a product offered by […] [Read More]

With an eye toward mergers and acquisitions, StoneEagle F&I hired a new industry professional to lead the company’s business development enterprises, including sales, marketing and affiliate partnerships. On Wednesday, the provider of F&I technology solutions welcomed Joe St. John as senior vice president of business development, bringing more than 20 years of experience across dealership […] [Read More]

They have been called startups, disruptors, online retailers and ecommerce platforms throughout their young histories. But Cox Automotive has a new name for companies like Carvana, Shift and Vroom: “New Form Online Retailers,” or NFORs. And even beyond relatively recent forays into the public markets (Vroom’s initial public offering and Shift’s SPAC merger in 2020; […] [Read More]

In this episode of the Auto Remarketing Podcast, we welcome TrueCar president and chief executive officer Mike Darrow back to the show. Darrow talks with senior editor Joe Overby about the company's work with Navy Federal Credit Union to provide its members with an online platform to research and compare vehicles that match their preferences, […] [Read More]

Continuing benefits such as members’ ability to receive real transactable price offers on actual inventory on the dealer’s lot, TrueCar has extended its current AAA Auto Buying Program, powered by TrueCar. With the extension, more than 41 million AAA members in select areas will have access to the TrueCar powered Auto Buying Program through the […] [Read More]

You don’t have to be a famous chef or cook — someone on television or your beloved grandparent — to recognize three key ingredients currently are bountiful for searing wholesale prices. Stir together tight wholesale volume, rising retail demand and consumers flush with federal stimulus money and you have auction metrics hotter than bread factory […] [Read More]

Jim Ivey describes the wholesale auction business as “something like a cross between being a stock broker and an air traffic controller.” As fleet/lease manager for America’s Auto Auction Atlanta, Ivey goes above and beyond the call of duty, said the auction’s general manager, Corey Sanford. “He can find common ground with anyone he comes […] [Read More]