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SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
Recapping credit scores & other trends in auto finance with Shams Blanc of FICO
Shams Blanc, head of auto scores at FICO, made another appearance on the Auto Remarketing Podcast to elaborate more about the fall edition of the FICO Score Credit Insights report. Along with recapping what’s going on in auto finance, Blanc ... Listen Here
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here

Hensarling reiterates call for removal of Cordray & CFPB

hensarling for SPN
SubPrime Auto Finance News Staff
The semiannual testimonial tussle on Wednesday between Consumer Financial Protection Bureau’s Richard Cordray and members of the U.S. House Financial Services Committee spanned more than four hours as the regulator’s director traded arguments back and forth about the agency’s activities ... [Read More]

United Auto Credit leverages FactorTrust to boost underwriting

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SubPrime Auto Finance News Staff
Alternative credit information provider FactorTrust announced earlier this week the addition of United Auto Credit to its growing number of clients enlisting alternative credit data to help qualify and evaluate risk in their underwriting process. Executives explained trends in the ... [Read More]

NextGear Capital taps Moody’s Analytics to bolster securitizations

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SubPrime Auto Finance News Staff
Earlier this week, NextGear Capital selected the Moody’s Analytics ABS System securitization issuance platform to enhance its efforts as a floor plan finance provider in the U.S. and Canada. The Moody’s Analytics ABS System can automate reporting and enhance internal ... [Read More]

8 parts of AFSA’s regulatory-reform blueprint

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SubPrime Auto Finance News Staff
This past Friday, the American Financial Services Association (AFSA) submitted a list of regulatory reforms to the Trump administration that the organization insisted would provide relief to its members operating in the consumer credit industry and ultimately benefit customers and ... [Read More]

Ally launches Clearlane to leverage finance provider network

lady on iphone
SubPrime Auto Finance News Staff
Ally on Monday introduced an online marketplace called Clearlane; a platform designed to connects consumers with leading auto finance providers to finance or refinance their vehicles with ease. Ally highlighted Clearlane’s “simple and straightforward” process can provide customers with quotes ... [Read More]

4 attributes of quality compliance trainers

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SubPrime Auto Finance News Staff
GWC Warranty recently published four recommendations to help dealerships secure a high-quality compliance trainer. The used-vehicle service contract and related finance and insurance products provider attempted to go beyond just someone who might have a deep knowledge of both federal ... [Read More]

VantageScore paper examines credit score accuracy without some negative elements

credit report
SubPrime Auto Finance News Staff
VantageScore Solutions — developer of the VantageScore credit scoring model — recently released a white paper that found that credit score models can maintain accuracy and predictive power even if certain negative data such as tax liens, civil judgments, and ... [Read More]

15 state AGs also question CFPB’s structure

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SubPrime Auto Finance News Staff
First, the development surfaced that the Department of Justice filed an amicus brief — a legal document filed in appellate court cases by non-litigants with a strong interest in the subject matter — questioning the Consumer Financial Protection Bureau being ... [Read More]

3 suggestions for spotting & preventing fraud

fraud stock photo
Nick Zulovich, Senior Editor
Equifax auto finance leader Lou Loquasto insisted every credit provider and buyer of vehicle installment contracts has a story about how deliveries might have been completed because of some kind of fraud. Loquasto pointed out that sometimes it’s a “rogue” ... [Read More]

SCUSA settlements with Delaware and Massachusetts total $25.9M

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Nick Zulovich, Senior Editor
For the second time in roughly a week, details became public involving Santander Consumer USA and regulatory enforcers. On Wednesday, SCUSA reached settlements totaling $25.9 million with the attorneys general of Delaware and Massachusetts for what state officials said was ... [Read More]

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