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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

US Chamber & 3 banking associations push back against CFPB’s changes to UDAAP manual

bank white paper for web
SubPrime Auto Finance News Staff
The American Bankers Association, the Consumer Bankers Association, the Independent Community Bankers Association and the U.S. Chamber of Commerce collaborated to compile a 21-page white paper and sent it to the Consumer Financial Protection Bureau (CFPB). The paper made the ... [Read More]

APCO Holdings promotes Volatile to SVP of EasyCare

rob volatile for web
SubPrime Auto Finance News Staff
APCO Holdings finished the first half of 2022 by promoting one of its executives with an eye toward more growth. The provider and administrator of automotive F&I products and home to the EasyCare and GWC Warranty announced this week that ... [Read More]

Edmunds: Average amount financed for used vehicles jumps by more than $4,400

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SubPrime Auto Finance News Staff
After looking at the new data, it’s probably understandable why Edmunds senior manager of insights Ivan Drury said, “buying a car in 2022 is a whole different ball game.” Edmunds reported the average amount financed for used vehicles delivered in ... [Read More]

ARA changes leadership with new president & executive director

ARA image from Joel Kennedy for web
SubPrime Auto Finance News Staff
The American Recovery Association (ARA) closed the first half of 2022 with significant changes in leadership, naming a new president and executive director. Stepping away from those respective roles, Dave Kennedy and Les McCook have handed the ARA leadership responsibilities ... [Read More]

PODCAST: Reviewing consumer migration trends with Jeremiah Wheeler of DRN & MVTRAC

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SubPrime Auto Finance News Staff
Senior editor Nick Zulovich spent part of his time in Denver for the North American Repossessors Summit sharing another conversation for the Auto Remarketing Podcast with Jeremiah Wheeler, who is president of DRN and MVTRAC. In light of inflation pushing ... [Read More]

New paycheck-to-paycheck research with ‘unhappy summer’ looming

another couple paying bills
SubPrime Auto Finance News Staff
With S&P Global Ratings acknowledging that the U.S. economy “could be facing an unhappy summer,” LendingClub Corp. released findings from the 11th edition of the Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS.com. LendingClub highlighted the Financial Distress ... [Read More]

New FrogData solution aims to smooth warranty claims & improve dealer cash flow

WarrantyMind-graphic for web
SubPrime Auto Finance News Staff
FrogData is looking to help dealerships meet the commitments made when selling warranties during the vehicle delivery process. The company recently launched WarrantyMind, a data platform for warranty claims processing that designed to solve critical warranty administration problems at dealerships. ... [Read More]

Auto defaults up 10 of the past 11 months

SP_Graph May 2022 for web
SubPrime Auto Finance News Staff
While not at the upward pace of headline-grabbing metrics such as inflation or gas prices, nonetheless auto defaults are moving higher. And they have been now for 10 of the past 11 months. According to data through May 2022 for ... [Read More]

Proposed FTC rule out to ban ‘junk fees, bait-and-switch tactics’

Federal Trade Commission
SubPrime Auto Finance News Staff
Four of the five leaders of the Federal Trade Commission support a proposed a rule to ban what the federal regulator called “junk fees and bait-and-switch advertising tactics that can plague consumers throughout the car-buying experience.” The commissioner who voted against ... [Read More]

From the editor: NARS highlights intriguing thoughts from finance companies & repo agents

NARS 2022 picture for web
Nick Zulovich, Senior Editor
Tip of the conference cap to the American Recovery Association and the North American Repossessors Summit planning committee. They scheduled a pair of intriguing panel discussions to begin the 2022 edition of NARS, which unfolded for the first time at ... [Read More]

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