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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

S&P Global Ratings modifies views of Lendbuzz & SAFCO securitizations

Kinetic Advantage finalizes first securitization
SubPrime Auto Finance News Staff
Subprime auto finance securitizations are being watched even more than usual nowadays. Late on Friday, S&P Global Ratings adjusted its ratings of securitizations provided by Lendbuzz and Southern Auto Finance Co. (SAFCO). According to a news release, S&P Global Ratings ... [Read More]

COMMENTARY: Tricolor’s failure is an opportunity for dealers

Chance Mayfield, Carfluent
The recent collapse of Tricolor Holdings presents a significant opportunity for auto dealers. Tricolor’s business model was unique in that it specifically targeted the Hispanic and Spanish-speaking community. With the company’s sudden bankruptcy and subsequent liquidation, its customers are left ... [Read More]

AFSA & ABA seek collaboration to reduce fraud in auto finance & elsewhere

SubPrime Auto Finance News Staff
Both the American Financial Services Association and the American Bankers Association welcomed the dialogue during a hearing last week hosted by the U.S. House Financial Services Committee. Lawmakers and industry advocates discussed several financial scams currently affecting consumers and lenders, ... [Read More]

ARA forms new committee focused on agent safety

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SubPrime Auto Finance News Staff
The American Recovery Association recently formed another committee. President Vaughn Clemmons said this one “was established to tackle one of the greatest challenges in our profession: ensuring the safety and protection of repossession agents.” ARA said its Recovery Agent Protection ... [Read More]

KBRA, S&P Global Ratings give updates on Tricolor securitizations

SubPrime Auto Finance News Staff
Both KBRA and S&P Global Ratings gave updates this week about its ongoing evaluation of securitizations made by Tricolor Holdings, which recently filed for Chapter 7 bankruptcy. S&P Global Ratings suspended its ratings on six classes of automobile receivables-backed from ... [Read More]

Vervent takes on successor servicing role following Tricolor bankruptcy

SubPrime Auto Finance News Staff
Vervent confirmed via a news release on Monday that it has been authorized to step in as a successor servicer in response to the Chapter 7 bankruptcy filing by Tricolor Holdings. Previously designated as backup servicer, Vervent said it has ... [Read More]

Beginning of October marks initial availability of defi SOLUTIONS’ integration with Informed.IQ

Launcher
SubPrime Auto Finance News Staff
When October begins next week, clients who use defi SOLUTIONS should be able to use some new capabilities offered by Informed.IQ courtesy of a recent integration. According to a news release, lenders will be able to seamlessly integrate Informed.IQ’s vertical ... [Read More]

Informativ acquires Carmatic to offer unified solution for dealers & partners

SubPrime Auto Finance News Staff
Earlier this month, Informativ introduced Verified Stips powered by TurboPass to boost underwriting. Then last week, the provider of fraud prevention, compliance, and credit technology for the automotive and consumer finance industries made an even more substantial move, acquiring Carmatic, ... [Read More]

New FICO report shows deterioration of scores among consumers already in auto portfolios

SubPrime Auto Finance News Staff
The FICO Score Credit Insights report — a new analysis offering a detailed look at how consumer credit behaviors are evolving across the United States — contained some notable trends about auto financing, especially associated with the consumers already in ... [Read More]

Implications for auto finance as Fed ‘is in a pickle’

Nick Zulovich, Senior Editor
The Federal Reserve “is in a pickle.” That’s the summation from Comerica Bank after the Federal Open Market Committee cut the federal funds target rate a quarter percent to a range of 4.00% to 4.25% on Wednesday. The move by ... [Read More]

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