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Matt Babcock of Wolters Kluwer on how digital transformation continues to gain steam in auto financing
Matt Babcock, who heads up digital lending product strategy for Wolters Kluwer, returned for another visit on the Auto Remarketing Podcast. Wolter Kluwer recently released its latest quarterly Auto Finance Digital Transformation Index. Babcock recapped the sustained upward trajectory the ... Listen Here
SPONSORED EPISODE: The Buy Online Shift & What Dealers Need to Know Now
In this sponsored episode of the Auto Remarketing Podcast, Cox Automotive’s Jeri Reichel joins us to speak to the evolving Buy Online experience. She shares more about how shopper expectations are changing and what dealers should understand and do as ... Listen Here
The Spark Between EVs & CPO
In light of electric vehicle maker VinFast launching a certified pre-owned program in the U.S., Auto Remarketing senior editor Joe Overby connects with leaders from the EV space to discuss why the segment is a natural fit for CPO and ... Listen Here

CFPB targets business practices of data brokers with newest inquiry

SubPrime Auto Finance News Staff
An active stretch at the Consumer Financial Protection Bureau continued Wednesday when the CFPB said it has launched an inquiry into companies that track and collect information on people’s personal lives. In issuing this new Request for Information, the CFPB ... [Read More]

Latest views on credit availability & tax refunds

SubPrime Auto Finance News Staff
During the past week, Cox Automotive touched on two important current trends associated with auto financing — credit availability and tax refunds. Both trajectories might be positives for dealerships getting vehicles delivered and finance companies building their portfolios. First, according ... [Read More]

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Best Practices, Ideas, and Tools for Business

Turning Dealer Group Data into Demand

Stop letting messy data hold your dealership back from its true earning potential. While many multi-roof dealer groups struggle to...
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Evaluating VPP Cancellation Systems: 7 Questions Every Lender Should Ask

Selecting the right VPP cancellation system is critical to maintaining compliance, maximizing recoveries, and improving operational efficiency. As regulatory requirements...
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Auto lenders spent on AI. Here’s what paid off.

A panel of auto-lending leaders — CEOs of subprime auto finance companies, VPs of Collections, CROs, indirect-lending executives at two...
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Experian Automotive Dealer Fraud Threat Report

Fraud is Hitting Dealerships Hard When one bad deal can erase tens of thousands in profit, fraud becomes impossible to...
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AI-Financing Spotlight: How Tracy Honda Sells 12-15 More Deals Monthly

Discover how Tracy Honda is outperforming its market by leveraging AI-powered auto financing to drive faster approvals and close more...
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The AI Dealer Playbook: 5 Questions to Ask Before You Buy AI

Artificial intelligence is rapidly reshaping dealership operations by automating communication, improving workflows, and supporting staff with tools like copilots and...
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Speaking the Same Language: How Dealers Structure Capital for Real Estate and Growth

Why Capital Structures Matters in Today’s Market Dealers actively expanding or acquiring real estate are often constrained not by opportunity—but...
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Dealer Playbook: 5 Takeaways for Auto Retailers Using AI

The May issue of Auto Remarketing — “Shifting Gears: AI’s Role in Retail Automotive” — explores how top auto retailers...
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4 new qualms CFPB has with ‘unlawful junk fees’ in auto financing

CFPB files lawsuit against US Auto Sales servicer
SubPrime Auto Finance News Staff
Last week, the Consumer Financial Protection Bureau articulated four ways “unlawful junk fees” are happening in auto financing. The bureau shared the details in a special edition of its Supervisory Highlights. The CFPB said during auto servicing examinations that bureau ... [Read More]

5 parts of Western Funding’s record growth in 2022

LendingArch continues to expand presence in Canadian auto finance market
SubPrime Auto Finance News Staff
Praising its team in the process, Western Funding Inc. (WFI), a subsidiary of Westlake Technology Holdings and part of the Nowlake umbrella, announced record growth in 2022. The company’s five primary highlights from last year include: —73% year-over-year growth in ... [Read More]

AFSA leader cites 5 examples why CFPB is ‘ripe for reform’

SubPrime Auto Finance News Staff
American Financial Services Association president and CEO Bill Himpler testified on Thursday during a hearing hosted by the U.S. House Subcommittee on Financial Institutions and Monetary Policy. Himpler made a case for why the Consumer Financial Protection Bureau is “ripe ... [Read More]

2023 Women in Collections and Recoveries honorees

SubPrime Auto Finance News Staff
Cherokee Media Group on Wednesday announced this year’s honorees for the Women in Collections and Recoveries award program presented by American Recovery Service. The Women in Collections and Recoveries award program received nominations nationwide for women in various roles within ... [Read More]

MBSi & SCUSA partner to eliminate agency recovery fees

SubPrime Auto Finance News Staff
MBSi made what it described as a “milestone” announcement on Wednesday involving what it called a “major client.” As a result of in-person meetings, the provider of repossession assignment management and compliance management solutions said Santander Consumer USA has decided ... [Read More]

Advanced Dealer Solutions now part of Zurich North America’s network of F&I agencies

SubPrime Auto Finance News Staff
This week, Advanced Dealer Solutions (ADS) announced it has signed on to represent the Zurich suite of protection products to its current and future auto and powersports dealers. ADS is a dealer development agency based in Richfield, Ohio, with specialties ... [Read More]

Crescent Bank taps Open Lending to accelerate approval process

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SubPrime Auto Finance News Staff
Open Lending finalized a partnership on Tuesday with Crescent Bank, an institution offering auto financing to consumers across 32 U.S. states. As rising interest rates and vehicle prices inhibit access to vehicle ownership for consumers in near- and non-prime credit ... [Read More]

3 economists upbeat about current employment scene

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SubPrime Auto Finance News Staff
Cox Automotive chief economist Jonathan Smoke as well as Comerica Bank chief economist Bill Adams and senior economist Waran Bhahirethan offered perhaps some reassuring assessments of what the overall employment landscape looks like. All three shared their perspectives ahead of ... [Read More]

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