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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

NextGear Capital rolls out operations in Ireland

car in ireland
SubPrime Auto Finance News Staff
NextGear Capital’s growth is blossoming beyond North America. Executives from NextGear Capital joined representatives from their NextGear Capital UK subsidiary and the Society of the Irish Motor Industry in Dublin on Monday to commemorate the company’s launch into Ireland. Officials ... [Read More]

2 dealers receive payments from Western Funding’s Triple Pay program

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SubPrime Auto Finance News Staff
Western Funding announced the first two dealers to receive their second payment as part of its Triple Pay program. Officials explained Triple Pay is Western Funding’s unique program that can give dealers the opportunity to build a portfolio of accounts ... [Read More]

Reynolds F&I library now available for Tennessee

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SubPrime Auto Finance News Staff
On Thursday, Reynolds and Reynolds launched the Reynolds LAW Tennessee F&I Library, a comprehensive catalog of standardized, legally reviewed finance and insurance documents available to automobile retailers in Tennessee. The F&I resource for dealerships in the Volunteer State extended Reynolds’ ... [Read More]

CFPB penalizes 2 debt buyers; action tops $70M

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SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau took action on Wednesday against the nation’s two largest debt buyers and collectors for allegedly using deceptive tactics to collect bad debts, which may have included auto finance recoveries. The bureau found that Encore Capital ... [Read More]

640 dealer violations trigger nearly $700K in penalties

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SubPrime Auto Finance News Staff
The latest enforcement action against a dealership in New Jersey provided another reason why Dealertrack Technologies associate general counsel Randy Henrick recently acknowledged that when he brings up the topic of compliance, “many dealers feel a headache coming on.” Before ... [Read More]

Prestige Financial unveils refinancing program

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SubPrime Auto Finance News Staff
Prestige Financial rolled out a new direct-to-consumer loan solution on Tuesday aimed at leveraging the potential market for refinancing a vehicle installment contract. The company highlighted that Prestige’s new offering allows consumers to deal directly with the financing source to ... [Read More]

9 executives join AFSA board of directors

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SubPrime Auto Finance News Staff
The American Financial Services Association announced that nine executives have been elected to join its board of directors for three-year terms, which will begin following the association’s board meeting on Oct. 6. The nine individuals include: — Jody Anderson is ... [Read More]

CFPB complaint normalization draws 2 association rebuttals

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SubPrime Auto Finance News Staff
The more the Consumer Financial Protection Bureau highlights details about its consumer complaint database, the more industry associations make their own grievances about how the regulator constructs its reports, which are often critical of how providers are performing. The American ... [Read More]

Pennsylvania dealership settles charges for leasing unrepaired vehicles

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SubPrime Auto Finance News Staff
A Pennsylvania independent dealership reached a settlement agreement with the state attorney general, who alleged the store leased vehicles that needed considerable amounts of repair work and used a lease agreement that did not comply with federal law. Attorney General ... [Read More]

2 fronts where $100M facility helps Pelican Auto Finance

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Nick Zulovich, Editor
To hear Pelican Auto Finance chief executive officer Troy Cavallaro explain the impact, the $100 million warehouse funding facility with Wells Fargo Securities the company announced on Wednesday will help the deep subprime auto finance provider in two places. The ... [Read More]

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