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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

18 credit unions join GrooveCar platform in Q1

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SubPrime Auto Finance News Staff
The ongoing momentum credit unions are generating in the auto finance space surfaced again through a first-quarter development from GrooveCar, which now can reach another 450,000 members who might be purchasing a vehicle. The company announced 18 new credit union ... [Read More]

New VSC launched to serve drivers for Uber, Lyft and other ride-sharing operations

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SubPrime Auto Finance News Staff
Dealerships of all sizes oftentimes sell vehicle service contracts and extended warranties in their F&I offices. Now a company has come on the scene looking to offer VSCs and extended warranties for consumers who are utilizing their vehicles for services ... [Read More]

TransUnion acquisition in UK bolsters global footprint

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SubPrime Auto Finance News Staff
Already with a strong presence in Canada, TransUnion is continuing to broaden its global credit market footprint with another move in Europe. Roughly six months after acquiring alternative data provider FactorTrust in the U.S., TransUnion recently announced an agreement to ... [Read More]

SNH Capital Partners acquires ProMax

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SubPrime Auto Finance News Staff
Not only is the investment community finding ways to fuel auto finance companies that originate paper, they’re also navigating paths to secure firms that provide critical ancillary services that help foster the entire process. According to news release distributed on ... [Read More]

Digital Recognition Network hands out 9 awards during NARS

award winner
SubPrime Auto Finance News Staff
Along with raising funds during the North American Repossession Summit (NARS) to support the Recovery Agents Benefit Fund (RABF), Digital Recognition Network (DRN) presented top providers and affiliate awards during last week’s events to honor organizations that have demonstrated excellence ... [Read More]

ARS to outsource assignments via MBSi’s repossession platform

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SubPrime Auto Finance News Staff
MBSi Corp., and American Recovery Service (ARS) recently broadened their relationship. The repossession assignment software and vendor compliance solutions provider and national repossession services firm are expanding their partnership as ARS will soon begin outsourcing repossession assignments through MBSi’s repossession ... [Read More]

FTC continues fight against illegal phone calls

Federal Trade Commission
SubPrime Auto Finance News Staff
While phone calls remain an important tool for collectors and skip-tracers at auto finance companies, the Federal Trade Commission told the U.S. Senators last week that the agency “is using every tool at its disposal to fight” illegal robocalls. Appearing ... [Read More]

Wells Fargo enters consent orders with $1 billion civil penalties

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SubPrime Auto Finance News Staff
Wells Fargo said Friday it has entered consent orders with the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau, under which the company will have to pay civil penalties totaling $1 billion. The consent orders ... [Read More]

GrooveCar gears up for annual April Auto Sales Event

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SubPrime Auto Finance News Staff
Along with an effort to raise awareness and funds for Special Olympics NY, GrooveCar is running its annual April Auto Sales Event starting on Friday through its network of participating credit unions and dealerships. Credit unions in the New York ... [Read More]

Zurich now available on Darwin Automotive

dealership and couple
SubPrime Auto Finance News Staff
Darwin Automotive’s menu for dealership F&I departments became even more robust this week. Darwin announced that it has added Zurich North America’s F&I products to the Darwin core F&I menu, as well as Darwin digital retailing and service menu. “We ... [Read More]

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