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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

Westlake part of third DOJ settlement in 13 months over SCRA violations

justice department
SubPrime Auto Finance News Staff
For the third time in about 13 months, the Justice Department has reached a settlement with a finance company for violating the Servicemembers Civil Relief Act (SCRA) in connection with vehicle repossessions. This time Westlake Financial Services and its subsidiary, ... [Read More]

ALS Resolvion takes on additional capacity in new facility

ALS Resolvion office for SPN
SubPrime Auto Finance News Staff
ALS Resolvion contends it now has room to grow for the next decade. The repossession management and skip-tracing services provider recently moved into a larger facility in Charlotte, N.C., to accommodate its rapid ascent in the marketplace. With its new ... [Read More]

Mississippi attorney general subpoenas Credit Acceptance

subpeona
SubPrime Auto Finance News Staff
For the second time in about a year, Credit Acceptance is dealing with an attorney general subpoena. The finance company acknowledged late on Friday through a filing with the Securities and Exchange Commission that it received a subpoena from the ... [Read More]

ProMax enhances certified integration with Dealertrack

dealership employee
SubPrime Auto Finance News Staff
Dealer Marketing Services, the makers of ProMax, on Monday announced significant enhancements to its certified integration with Dealertrack. ProMax is a certified partner of most major dealer management systems, and has offered a certified integration with Dealertrack since 2009. The ... [Read More]

Dissecting lawsuit over CFPB arbitration rule

legal analysis
Nick Zulovich, Senior Editor
A week ago, a lawsuit landed in the Northern District of Texas, Dallas Division where five national organizations and a coalition of associations located throughout Texas filed a legal challenge to the Consumer Financial Protection Bureau’s rule that prohibits the ... [Read More]

NAF Association launches Phase 2 of Collector and Underwriter Compliance Certificate Programs

compliance pic
SubPrime Auto Finance News Staff
Along with highlighting seven major findings and availability of the 2017 Non-Prime Automotive Financing Survey, the National Automotive Finance Association on Friday announced the next stage of its compliance training offerings. Building off of the momentum generated by wide-spread leveraging ... [Read More]

GWC Warranty and Metrolina Credit celebrate 2 years of partnership

driver-key
SubPrime Auto Finance News Staff
Two operators in the auto finance space recently celebrated year No. 2 together. GWC Warranty recently marked two years of partnership with Metrolina Credit by joining the Carolinas-based finance company at the grand opening of its new corporate headquarters and ... [Read More]

DataLab Data Solutions enhances tool with FactorTrust information

partnership
SubPrime Auto Finance News Staff
FactorTrust finalized a partnership this week with leading analytics-driven marketing consultancy, DataLab Data Solutions (DDS), which couples high-quality, clean data with deep analytics and model development, giving its customers the best opportunity for successful targeted marketing programs. The addition of ... [Read More]

Temporary impact from hurricane damage expected on auto ABS

shutterstock_703954333
SubPrime Auto Finance News Staff
S&P Global Ratings certainly didn’t dismiss the Cox Automotive estimates that Hurricane Harvey may have destroyed 300,000 to 500,000 vehicles, while Hurricane Irma ruined up to 400,000 units. But analysts suspect any severe impacts on the collateral for auto loan asset-backed securities ... [Read More]

Westlake’s eContracting solution now available nationwide

contract and tablet
SubPrime Auto Finance News Staff
Earlier this week, Westlake Financial Services announced the launch of its eContracting automotive loan origination solution in all 50 U.S. states through DealerCenter. And the finance company reached this accomplishment earlier than company officials expected. “Our goal was to launch ... [Read More]

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