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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
Vincenzo Ciampi of iA Financial Group
Next up on the Canada’s Used Car Week Live Stage is Vincenzo Ciampi . who is senior vice president, of auto finance and dealer services for Canada at iA Financial Group. Ciampi talks with Cherokee Media Group’s Joe Overby about ... Listen Here
Ted Berlovich of Clutch
Continuing the discussions from the Live Stage at Canada’s Used Car Week, senior editor Joe Overby connects with Ted Berlovich, director of wholesale at online used-car retailer Clutch. Berlovich explained the company’s wholesale process, how the company handles some of ... Listen Here

KBRA sees non-prime and prime indexes move similarly in April

bar-chart
SubPrime Auto Finance News Staff
Kroll Bond Rating Agency reported this week that its auto-finance indexes that watch both the non-prime and prime spaces moved in similar directions in April. But a deeper look at the latest data showed some “slightly less sanguine results.” Analysts ... [Read More]

3 recommendations to sharpen F&I menu presentations

dealer
SubPrime Auto Finance News Staff
Now that we’re deep into the second quarter of 2019, GWC Warranty recently offered a refresher in an effort to help dealerships gain more sales traction in the F&I office. With vehicle affordability becoming more a challenge, GWC Warranty emphasized that ... [Read More]

CFPB targets collections, will propose new FDCPA rules

collections
SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau is setting its regulatory target next on debt collection in light of technology advances such as text messaging and more. On Tuesday, the bureau issued a notice of proposed rulemaking (NPRM) to implement the Fair ... [Read More]

American Bar Foundation names Hudson as fellow

trophies
SubPrime Auto Finance News Staff
Another professional accolade was recently given to Tom Hudson. The co-founder of Hudson Cook has been accepted as a Fellow of the American Bar Foundation (ABF). The fellows comprise a global honorary society of attorneys, judges, law faculty and legal ... [Read More]

NARS 2019 generates ‘staggering’ attendance

news pic
SubPrime Auto Finance News Staff
Along with handing out five different awards and generating thousands of dollars for an industry-related charity, the American Recovery Association cheered the success of this year’s North American Repossessors Summit (NARS), sponsored by Harding Brooks Insurance. ARA officials highlighted that ... [Read More]

Kindschi comes out of retirement to join Open Lending

new hire
SubPrime Auto Finance News Staff
Kevin Kindschi called it a “detour from retirement,” to work with credit unions about product that can help them serve members with subprime credit histories. After retiring from CUNA Mutual following a 30-year career, Kindschi recently joined Open Lending as ... [Read More]

FTC deems Holder Rule should be retained

Federal Trade Commission
SubPrime Auto Finance News Staff
An evaluation project started by the Federal Trade Commission nearly four years ago recently came to a conclusion. The FTC recently announced that it has completed its review of the Holder Rule, which protects consumers who purchase goods and services ... [Read More]

ABCoA’s Deal Pack DMS integrates with 700Credit

dealership employee
SubPrime Auto Finance News Staff
For the second time in the past few days, 700Credit finalized another integration; this time with ABCoA so dealerships can answer the question of, “How can we get rid of double-entry and multiple screens when working a deal?” ABCoA has ... [Read More]

May economic update: Interest rates stay put as unemployment dips

Federal reserve
Nick Zulovich, Senior Editor
May opened with a pair of economic updates that should be pleasing to dealerships and finance companies with interest rates remaining steady and unemployment declining. The developments came in light of the Federal Reserve chairman refuting thoughts that policymakers are ... [Read More]

9 products now are part of AUL’s expanded F&I offering

dealership and couple
SubPrime Auto Finance News Staff
This week, AUL Corp. launched a new suite of F&I products. President and chief executive officer Jimmy Atkinson described the offering as giving dealers “a one-stop shop for all of their F&I needs.” AUL’s collection of products now includes: • ... [Read More]

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