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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

New CFPB rule bans mandatory arbitration

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SubPrime Auto Finance News Staff
Check those installment contracts. Arbitration appears to be no longer an option for dealerships and finance companies to settle conflicts with consumers. On Monday, the Consumer Financial Protection Bureau announced a new rule to ban companies from using mandatory arbitration clauses ... [Read More]

5 points from FactorTrust’s non-prime survey

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SubPrime Auto Finance News Staff
FactorTrust recently released findings from an industry-wide survey on the use of alternative data in the non-prime auto financing space, which indicate that alternative data is being more commonly used for underwriting purposes in this market. The survey, sponsored by ... [Read More]

Buyers in only 1 of top 25 metro areas can afford new vehicles

expensive
SubPrime Auto Finance News Staff
Along with looking to ascertain how few Americans have no emergency savings, a median-income household can only afford the average-priced new vehicle in one of the 25 largest U.S. metropolitan areas, according to a new Bankrate.com report released this week. ... [Read More]

PointPredictive secures funding to enhance fraud solution

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SubPrime Auto Finance News Staff
With interest gaining steam toward combating fraud, PointPredictive landed funding from Mosaik Partners, an expansion-stage venture capital fund, to enhance its efforts as a provider of fraud solutions to banks, lenders and finance companies. PointPredictive announced on Wednesday that the ... [Read More]

Metrolina Credit opens new corporate offices

open for business
SubPrime Auto Finance News Staff
This week, Metrolina Credit Co. celebrated more than just Independence Day. The finance company that often originates subprime installment contracts with both independent and franchised dealers announced the opening of its new corporate offices and flagship branch office in Charlotte, N.C. ... [Read More]

New record set within June’s new & used finance data

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SubPrime Auto Finance News Staff
As buyers’ appetites for bigger and more expensive vehicles grow, Edmunds found the contract term length for new-model financing reached an all-time high in June with the terms for used-vehicle deliveries not far off that record-setting pace. According to a ... [Read More]

Pelican chooses Payix for collections & mobile app

lady on iphone
SubPrime Auto Finance News Staff
This week, Pelican Auto Finance selected Payix to provide its collections tools, including its new mobile collections application. The tools are designed to help Pelican better connect with its contract holders and improve its ability to collect installment payments. The ... [Read More]

BillingTree names new CFO, plus 2 other senior executives

business handshake
SubPrime Auto Finance News Staff
Payment technology and merchant services provider BillingTree recently announced the appointment of Bryan Schreiber as chief financial officer, along with two other senior personnel moves involving its leadership team. BillingTree indicated Schreiber will oversee the company’s expansion plans to spearhead ... [Read More]

Reynolds adds Delaware, Alaska, Iowa and Mississippi to F&I Library

puzzle pieces coming together
SubPrime Auto Finance News Staff
During the past three months, Reynolds and Reynolds added four more states where its LAW F&I Library — a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents for franchised dealers — is now available. Resources now are ... [Read More]

Carfax & MeridianLink partner to enhance vehicle history report accessibility

handshake in front of company
SubPrime Auto Finance News Staff
Carfax and MeridianLink recently teamed up to make it easier for auto finance companies to get Carfax Vehicle History Reports. Using MeridianLink’s LoansPQ loan origination system (LOS), officials highlighted this week that thousands of auto finance companies now can order ... [Read More]

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