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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

SCUSA aware of softening market share

earnings report
Nick Zulovich, Editor
Santander Consumer USA highlighted that its auto financing originations moved higher both during the fourth quarter and for the full year. However, the finance company that also serves as the captive for Fiat Chrysler Automobiles acknowledged it lost market share. And ... [Read More]

Total complaints to CFPB near 800K

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SubPrime Auto Finance News Staff
Along with offering extra information about complaints from New York state and the New York City metro area, the Consumer Financial Protection Bureau updated the figure for its overall complaint total as of the close of 2015. As of Jan. ... [Read More]

NY brings more charges on dealers over F&I activity

koeppel nissan for SPN
SubPrime Auto Finance News Staff
The attorney general in the Empire State found reason to bring more allegations against franchised dealership accused of illegal selling products and services through the F&I department. New York attorney general Eric Schneiderman this week announced a lawsuit against several ... [Read More]

CPS completes first securitization of year, totaling $329.5M

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SubPrime Auto Finance News Staff
Consumer Portfolio Services finalized the closing of its first term securitization in 2016 this week.  The transaction is CPS’ 19th senior subordinate securitization since the beginning of 2011 and the second consecutive securitization to receive a triple A rating on ... [Read More]

GrooveCar forms partnerships with 5 credit unions

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SubPrime Auto Finance News Staff
GrooveCar, an online vehicle buying resource for credit unions, highlighted this week that five new partners joined the program. The credit unions now leveraging the platform include: — Telco Plus of Longview, Texas — Picatinny Federal Credit Union of Dover, ... [Read More]

Cox Auto investment creates 3 new F&I offerings

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SubPrime Auto Finance News Staff
You now can add three F&I solutions to what Cox Automotive can provide to dealerships. Officials highlighted on Thursday that GO Financial and NextGear Capital affiliated dealers will soon be able to offer warranty, insurance and theft recovery products to ... [Read More]

Fed passes on another interest rate rise

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Nick Zulovich, Editor
A month after making its first move with respect to interest rates in almost a decade, the Federal Reserve on Wednesday chose to pass on increasing the federal funds rate any further. The Federal Open Market Committee (FOMC) decided to ... [Read More]

Floyd maintains Exeter’s commitment to dealers

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Nick Zulovich, Editor
Less than two months after Mark Floyd took the reins again as chief executive officer of Exeter Finance Corp., the interim leader used SubPrime Auto Finance News as a conduit to relay a message to dealers already in the subprime ... [Read More]

Veros Credit leverages ACI Worldwide to improve payment process

phone and laptop
SubPrime Auto Finance News Staff
Electronic payment and banking solutions provider ACI Worldwide announced this week that finance company Veros Credit has selected its UP Bill Payment Solution to provide customers a wide variety of convenient choices for paying their auto loans — including debit ... [Read More]

Autoscribe hires new CFO

businessman going up stairs
SubPrime Auto Finance News Staff
Autoscribe Corp. brought on Myles Locke as its new chief financial officer this week. Locke spent the past 17 years in various leadership roles in payments, finance and card processing, including vice president of finance and vice president of corporate ... [Read More]

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