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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

GAO gives CFPB 5 more recommendations

accountability pic
SubPrime Auto Finance News Staff
Consumer Financial Protection Bureau director Richard Cordray has five more chores on his to-do list courtesy of the U.S. Government Accountability Office (GAO). Within the week of its contract spending strategy being revealed through the federally mandated website USASpending.gov, the ... [Read More]

RouteOne finalizes executive team with new CTO

board of directors table
SubPrime Auto Finance News Staff
Rounding out the newest member of its leadership contingent, RouteOne’s board of directors on Thursday appointed Chris Irving as its chief technology officer in the latest move with new chief executive officer Justin Oesterle at the controls of the platform ... [Read More]

SCUSA’s Kulas sees benefits of added compliance burden

regulation and compliance puzzle
Jim Henry, Correspondent
Rising compliance costs could be a blessing in disguise for big, established subprime auto finance companies, said Jason Kulas, chief executive officer of Dallas-based Santander Consumer USA. That’s because in the long run the cost of meeting tougher regulations could ... [Read More]

SouthWest Dealer Services appoints new CEO

businessman selects hire
SubPrime Auto Finance News Staff
On Tuesday, SouthWest Dealer Services — an independent full-service provider of F&I products and services to dealers — announced that SWDS Holdings’ board of directors appointed Vernon Leake as chief executive officer. Leake succeeds Eric Hamann, who will now serve ... [Read More]

How captives & tech entrepreneurs can solve digital challenges

marketplace button
SubPrime Auto Finance News Staff
White Clarke Group acknowledged that it seemed like just a few months ago that experts thought auto finance companies would inevitably lose their businesses to technology-savvy new players entering the market as disruptors. The company predicted these new entrants would ... [Read More]

CFPB roundup: Bureau’s spending recap & more proposed changes

news update 1
Nick Zulovich, Senior Editor
Coinciding with the federally mandated website disclosing how the Consumer Financial Protection Bureau spends its budget on government contractors, more U.S. House members — including Speaker of the House Paul Ryan — continued the parade of bill proposals and other ... [Read More]

CRIF Lending Solutions and Dealertrack form partnership

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Lance Dagenhardt, Correspondent
In order to make indirect auto financing seamless, CRIF Lending Solutions and Dealertrack are joining forces. CRIF Lending Solutions recently announced a partnership with Dealertrack, a Cox Automotive brand, to integrate its CRIF ACTion loan origination system with Dealertrack’s e-contracting software. ... [Read More]

Bill to change CFPB to 5-person board passes House Appropriations Committee

capitol hill for spn story
SubPrime Auto Finance News Staff
Momentum to modify how the Consumer Financial Protection Bureau is structured and operates gained more steam this week. Soon after the U.S. House Financial Services Committee chairman outlined his plan to revamp the Dodd-Frank Act and more, the House Appropriations ... [Read More]

AUTOMAP aims to streamline floor plan auditing

rows of cars 6
Nick Zulovich, Senior Editor
Mark Sargeant insisted banks and other capital providers are interested in the tool AUTOMAP Tracking Solutions offers: a product that can reduce the time it takes to complete an audit to minutes instead of days while mitigating risk. Here’s boiler plate ... [Read More]

3 securitizations impact S&P’s latest subprime ABS review

money car
Auto Remarketing Staff
While pinpointing a trio of subprime securitizations demonstrating some higher loss trends, S&P Global Ratings determined collateral performance in the U.S. auto loan asset-backed securities sector improved month over month in April for the subprime sector, but continued to remain ... [Read More]

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