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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

Another former FTC official joins Hudson Cook

board of directors table
SubPrime Auto Finance News Staff
Hudson Cook’s newest partner is arriving at the nationwide provider of legal compliance services for the financial services industry after a previous stint at the Federal Trade Commission. Coming aboard as a partner in its Washington, D.C. office is Rebecca ... [Read More]

KeyBanc considers disparate impact ruling implications

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SubPrime Auto Finance News Staff
Time is dwindling in the current Supreme Court session, and the justices have yet to offer their opinion on a case connected with the use of disparate impact, one of the sharpest tools the Consumer Financial Protection Bureau uses to ... [Read More]

CarMax keeping subprime aggression steady

earnings report
SubPrime Auto Finance News Staff
CarMax Auto Finance reported “better than anticipated” loan charge-offs that had a favorable impact on both the provision for loan losses and the ending allowance for loan losses during the first quarter of its current fiscal year. The performance prompted ... [Read More]

Exeter Finance leverages ACI Worldwide’s bill payment service

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SubPrime Auto Finance News Staff
Subprime auto finance company Exeter Finance Corp. on Monday selected the UP Bill Payment Solution offered by ACI Worldwide, a global provider of electronic payment and banking solutions. It’s a move both companies said is meant to simplify multiple bill ... [Read More]

NAMAD & EFG announce first Northwood scholarship recipient

student loans
SubPrime Auto Finance News Staff
EFG Companies, together with the National Association of Minority Automobile Dealers (NAMAD), selected the recipient for their first Northwood University private donor scholarship on Monday. This NAMAD scholarship will fund the remainder of four-year tuition for Javante Dilworth while he ... [Read More]

S&P report says CFPB considering legal action against Westlake

gavel and balance scale
SubPrime Auto Finance News Staff
A securitization presale report from Standard & Poor’s gave a glimpse as to what the interaction between Westlake Financial Services and the Consumer Financial Protection Bureau has been like dating back more than a year. The report based on information ... [Read More]

Why NY dealer settlement impact might ripple elsewhere

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Nick Zulovich, Editor
While dealership management emphasized this week’s settlement with the New York attorney general “acknowledges no admission of wrongdoing or liability,” Dealertrack Technologies' Randy Henrick shared his unsavory assessment of the “payment packing” possibly orchestrated by a trio of Honda stores ... [Read More]

BB&T Dealer Finance halts markups

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Nick Zulovich, Editor
For franchised and independent dealerships that use BB&T Dealer Finance, a segment of BB&T Dealer Financial Services, flat-fee compensation is coming your way. On Thursday, the commercial bank announced the launch of what it dubbed “a nondiscretionary dealer compensation program, ... [Read More]

Industry notes: GM Financial upgrade & CPS securitization

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SubPrime Auto Finance News Staff
As Consumer Portfolio Services closed its second term securitization of the year, General Motors cheered Fitch Ratings’ decision this week to raise the credit ratings of both GM and GM Financial to investment grade with the finance company’s diminishing presence in ... [Read More]

Edmunds: ‘Substantial pullback’ in subprime not likely at this point

subprime clouds
Joe Overby, Staff Writer
The growth in the subprime auto finance market has been as steep as it has been talked about — and it’s also something that Edmunds.com chief economist Lacey Plache says to keep an eye on. However, she emphasized that we’re ... [Read More]

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