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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

CreditMiner & TransUnion partner to curb synthetic fraud

Experian blends NeuroID behavioral analytics into fraud prevention solutions
SubPrime Auto Finance News Staff
CreditMiner and TransUnion now are working together to stop auto finance fraud from happening, beginning with what can happen at dealerships. Last week, the firms announced a new partnership to protect the automotive industry from high dollar losses from synthetic ... [Read More]

Cox Automotive & Edmunds dig deep into the numbers as interest rates climb again

Jerome Powell July 2022
Nick Zulovich, Senior Editor
Both Cox Automotive and Edmunds shared intriguing data and insights — such as how much more per month consumers have to pay for a $30,000 retail installment sales contract — following the Federal Reserve raising the target range for the ... [Read More]

CFPB penalizes Hyundai Capital America $19M over credit reporting

2023 Hyundai Sonata NLine for web
Nick Zulovich, Senior Editor
The largest monetary penalties handed out by the Consumer Financial Protection Bureau (CFPB) since Rohit Chopra became director in October surfaced publicly on Tuesday afternoon. And those penalties surpassing $19 million relate to auto financing. The CFPB penalized Hyundai Capital America ... [Read More]

3 reasons why CFPB is ‘rethinking the approach to regulations’

CFPB building
SubPrime Auto Finance News Staff
Earlier this summer, Consumer Financial Protection Bureau director Rohit Chopra compiled a blog post beneath the heading, “Rethinking the approach to regulations.” Chopra articulate three reasons why the CFPB now sees it as “important to move away from the failed ... [Read More]

PODCAST: Monthly visit with Point Predictive delves into credit washing

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SubPrime Auto Finance News Staff
This monthly installment of the Auto Remarketing Podcast focused on fraud with two experts from Point Predictive tackled the world of credit washing. Justin Davis and Frank McKenna recapped what credit washing is and how it can impact auto financing, ... [Read More]

Dissecting potential ‘rough road’ in auto finance

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SubPrime Auto Finance News Staff
After recently releasing its monthly indices, Kroll Bond Rating Agency (KBRA) asked a question that your finance company might be pondering, too. Considered through the prism of the auto securitization market, KBRA titled a new report, Auto Loan ABS: Rough ... [Read More]

Recommendations when collections departments contact third parties & references

collections
SubPrime Auto Finance News Staff
Ignite Consulting Partners directed one of its recent tips of the week at collection departments and their staff. When touching on third parties and references, Ignite asked the question many collectors might, too. “What can you say and not say?” ... [Read More]

Veros Credit to open service center in Texas

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SubPrime Auto Finance News Staff
Veros Credit said it still is enjoying exponential growth while navigating through today’s challenging macroeconomic landscape. To enrich its footprint in Texas, Veros Credit announced last week that it is slated to open a dealer and customer service center in ... [Read More]

CFPB reiterates position on repos & SCRA

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SubPrime Auto Finance News Staff
A trio of officials from the Consumer Financial Protection Bureau reiterated their position about repossessions and Servicemembers Civil Relief Act (SCRA). Earlier this week, Patrick Brick, Ryan Kelly and Chris Kukla published a blog post on the bureau’s website recapping ... [Read More]

Auto defaults now sit 32 basis points higher than all-time low

experian-graph-1 for web
SubPrime Auto Finance News Staff
Perhaps your portfolio is experiencing a bit more turbulence, but overall auto defaults are just 32 basis points higher than the all-time low set a year ago. That metric surfaced on Tuesday when S&P Dow Jones Indices and Experian released ... [Read More]

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