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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
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here

NAF Association Gathering 4 Compliance Experts for Free Webinar

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SubPrime Auto Finance News Staff
The National Automotive Finance Association in cooperation with Hudson Cook is gathering together four of the most knowledgeable experts in auto finance industry compliance for a free webinar. The session titled, “Auto Finance: Federal Supervision and Enforcement,” is set for ... [Read More]

Finance Company Notes: Exeter $1.65B Facility & Ally Tender Offer

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SubPrime Auto Finance News Staff
Exeter Finance Corp. and Ally Financial each announced financial moves recently; one to increase borrowing capacity and the other to start a cash tender offer. Late last week, Exeter said that Exeter Funding II — a special purpose Delaware limited ... [Read More]

BillingTree Names New CEO and President

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SubPrime Auto Finance News Staff
BillingTree Payment Solutions appointed a new chief executive officer and president on Tuesday, going with a former top exec at FICO. Tapped for the role was Edgars “Edz” Sturans, who previously was president of CR Software — now a part ... [Read More]

Leasing: Another Subprime Growth Path to Consider

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Nick Zulovich, Editor
In a monthly-payment driven world, leasing is on the rise to points never seen before, especially for contracts connecting new vehicles and consumers with prime credit. But Swapalease.com executive vice president Scot Hall gave the industry a question to ponder. ... [Read More]

TFS Taps ChannelNet to Provide Communications Services

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SubPrime Auto Finance News Staff
Digital marketing, sales and service solution provider ChannelNet added another captive finance company to its list of clients as the company recently signed a new contract to provide Web-based customer lifecycle communications for Toyota Financial Services (TFS). The company’s software, ... [Read More]

Northwood University, EFG Companies Join Forces for Broad F&I Training Program

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SubPrime Auto Finance News Staff
Northwood University and EFG Companies recently formed a national partnership to drive what they’re calling a greater opportunity and development of tomorrow’s retail automotive leaders.  Under this new agreement, EFG and Northwood University say they will “pave the way for ... [Read More]

Black Book: Watch Equity Trends as Loan Terms Stretch

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Nick Zulovich, Editor
Black Book isn’t just pitching its products and services to finance companies nowadays. Its analysts and staff are trying to emphasize to executives and managers who watch loan-to-value ratios and overall portfolio status about how much risk is building and ... [Read More]

Finance Company Notes: Latest ABS from CPS and Share Purchase by Credit Acceptance

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SubPrime Auto Finance News Staff
Both Credit Acceptance Corp. and Consumer Portfolio Services made financial announcements this week; one a tender offer to purchase its own shares of common stock and the other the closing of its third term securitization of the year. Starting with ... [Read More]

AFSA, NADA Defend Industry During Latest CFPB Field Hearing

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Nick Zulovich, Editor
The ongoing debate over how the F&I process should unfold inflamed again in the heart of the Midwest. As consumer advocates and attorneys made scathing accusations about unscrupulous activities that amounted to practices such as payment packing, yo-yo financing and ... [Read More]

Reynolds and OADA Partner to Unveil Ohio F&I Library

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SubPrime Auto Finance News Staff
Reynolds and Reynolds this week launched of the Reynolds LAW Ohio F&I Library, a comprehensive catalog of standardized, legally reviewed finance and insurance documents available to dealers in the Buckeye State. Officials highlighted the Reynolds LAW brand library of forms ... [Read More]

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