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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

Top 10 states for 60-day delinquency in Q2

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SubPrime Auto Finance News Staff
Experian Automotive indicated that 30-day delinquency moved little during the second quarter when compared to the same time a year ago, but the 60-day delinquency reading did deteriorate more noticeably. According to Experian’s State of the Automotive Finance Market Report, ... [Read More]

FTC reinforces auto industry enforcement priorities

Tom Pahl for SPN
Nick Zulovich, Senior Editor
Coinciding with the regulator offering a deeper explanation of its revamped Used Car Rule, Tom Pahl of the Federal Trade Commission made the opening presentation during the National Policy Conference, hosted this week by the National Independent Automobile Dealers Association. ... [Read More]

20 percent compound monthly growth rate pushes SpringboardAuto into 22 states

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SubPrime Auto Finance News Staff
SpringboardAuto highlighted this week that the company has produced an upward trajectory of completed auto financing equal to a compound monthly growth rate of 20 percent. As a result, the company announced it has expanded operations to 22 states, now ... [Read More]

Smith out as Equifax CEO

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SubPrime Auto Finance News Staff
Less than three weeks after revealing a massive cybersecurity data breach, Equifax said that chairman and chief executive officer Richard Smith is retiring from those posts effective today. Current board member Mark Feidler has been appointed non-executive chairman by the ... [Read More]

RoadVantage enhances benefits for lease customers

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SubPrime Auto Finance News Staff
RoadVantage recently introduced what the F&I program provider called a “powerful and innovative” program for lease customers called Preferred LeaseCare. The company explained this new concept combines the “as you drive” benefits of RoadVantage ancillary products with a lease-end benefit, ... [Read More]

3 more reports question CFPB’s actions and structure

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SubPrime Auto Finance News Staff
Recent projects completed by the Competitive Enterprise Institute and the Cato Institute again delved into unsatisfactory assessments of the Consumer Financial Protection Bureau. Coinciding with House Republicans chastising the CFPB over its investigation of Wells Fargo, a wide-sweeping survey conducted ... [Read More]

GWC Warranty appoints new chief revenue officer

revenue growth
SubPrime Auto Finance News Staff
This week, GWC Warranty, a provider of used-vehicle service contracts sold through dealers, appointed Brian Stach as the company’s new chief revenue officer. In his role, Stach will oversee all of GWC Warranty’s field sales operations, including a nationwide team ... [Read More]

Fed maintains course during latest monetary policy action

janet yellen for SPN
SubPrime Auto Finance News Staff
Because of the Federal Reserve’s view of realized and expected labor market conditions and inflation, a unanimous vote of the Federal Open Market Committee decided to maintain the target range for the federal funds rate at 1 percent to 1.25 ... [Read More]

How repossession practices could improve based on latest CFPB report

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Nick Zulovich, Senior Editor
Hudson Cook partner Allen Denson read through the auto-finance portion of the latest Supervisory Highlights shared by the Consumer Financial Protection Bureau and immediately thought of another credit segment. The CFPB’s report described problems bureau representatives found with vehicles being ... [Read More]

Credit Bureau Connection partners with Clarity Services to enhance consumer history analysis

subprime credit report
SubPrime Auto Finance News Staff
Credit Bureau Connection (CBC) and Clarity Services have partnered to provide dealers and finance companies what the service providers say is a first-of-its-kind, comprehensive view of a consumer’s credit history. The companies explained exclusive subprime credit data combined with existing ... [Read More]

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