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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

Credit Acceptance welcomes Mohan as CTO

executive boardroom
SubPrime Auto Finance News Staff
Just before Halloween night, Credit Acceptance announced an addition to its senior leadership team. Ravi Mohan joined the subprime auto finance company as chief technology officer as of Oct. 24. In his role, Credit Acceptance said Mohan will be responsible ... [Read More]

All-digital provider enters warranty space for dealers

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SubPrime Auto Finance News Staff
Another warranty and service contract provider now is in the market to serve franchised and independent dealerships. This week, Titan Warranty Administration publicly launched its all-digital platform, specializing in manufacturing and administering customized service contracts and limited warranty programs. Titan ... [Read More]

After previously examining ‘junk fees,’ CFPB now focuses on ‘junk data’

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SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau started the year by launching an initiative in connection with what the federal regulator called “exploitative junk fees.” Last week, the CFPB turned its attention to what it’s calling “junk data.” The bureau issued guidance ... [Read More]

Seeking knowledge leads Gage to be Repossession Executive of the Year

Dion Gage 2022WEB
Nick Zulovich, Senior Editor
Dion Gage said he learns something new about the repossession and recovery business every day. His knowledge-gaining approach is part of the reason why Gage was named this year’s Repossession Executive of the Year, an accolade presented by Primeritus Financial ... [Read More]

Informed.IQ and F&I Sentinel partner to broaden compliance offerings

partnership
SubPrime Auto Finance News Staff
After Informed.IQ recently made inroads in subprime with Consumer Portfolio Services and DriveTime, this week the provider of artificial intelligence-based software for financial institutions finalized a partnership with F&I Sentinel, leading compliance and regulatory risk mitigation solutions provider. According to ... [Read More]

AutoPayPlus expands headquarters to accommodate growing staff

AutoPayPlus for web
SubPrime Auto Finance News Staff
Prompted by record staff growth that is expected to reach 30% year-over-year in 2022, AutoPayPlus by US Equity Advantage recently expanded its corporate headquarters in Orlando, Fla., by 20%. Last year, the provider of automated biweekly and early payoff services ... [Read More]

Comerica, KBRA & Fitch on delinquencies, inflation & recession

KBRA september 2022 for web
Nick Zulovich, Senior Editor
If you were looking for upbeat news about auto finance payment performance or the economy in general, Kroll Bond Rating Agency (KBRA), Fitch Ratings and Comerica Bank didn’t have too much to offer last week. While Fitch shared its expectations ... [Read More]

Dissent over FTC action against dealer group questions ‘unfairness jurisdiction’

FTC building
SubPrime Auto Finance News Staff
Perhaps dealerships and other segments of the auto finance and retail spaces can take solace in the dissenting statement from one of the former leaders of the Federal Trade Commission, which ordered a Washington, D.C.-area dealer group to pay more ... [Read More]

CPS sees PayNearMe payment technology ‘like gold’

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SubPrime Auto Finance News Staff
This week, Consumer Portfolio Services announced that it named PayNearMe as its primary payments partner, saying the service provider’s technology “is like gold.” According to a news release, this partnership will accelerate the finance company’s digital transformation and deliver a ... [Read More]

Open Lending partners with America First Credit Union

open lending for web
SubPrime Auto Finance News Staff
Open Lending announced this week it is partnering with one of the nation’s largest credit unions, America First Credit Union (AFCU), which now will offer indirect auto financing services through Open Lending’s Lenders Protection program. The companies said their alliance ... [Read More]

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