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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

New Moody’s Report, Execs’ Outlook Confirm Usual Subprime Cycle

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Nick Zulovich, Editor
Near-term predictions made this week by Moody's Investors Service fall in line with ongoing lending cycle points noticed by veteran finance company executives such as Credit Acceptance’s Brett Roberts and Brad Bradley of Consumer Portfolio Services. Moody’s analysts indicated in ... [Read More]

S&P/Experian: Auto Defaults Stay Flat in July

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SubPrime Auto Finance News Staff
The auto segment of the S&P/Experian Consumer Credit Default Indices stayed flat on a sequential basis in July. And analysts from S&P Dow Jones Indices and Experian highlighted July’s auto reading settled only four basis points above its historical low. ... [Read More]

Black Book Examines Impact Recalls Have on Portfolios

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Nick Zulovich, Editor
In light of more than 37 million vehicles being recalled so far this year, the team at Black Book Lender Solutions went to work considering the impact these campaigns are having on the auto finance industry. Analysts acknowledged the psychology ... [Read More]

AFSA Explains How TCPA Shouldn’t Be a ‘Trap’

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SubPrime Auto Finance News Staff
The American Financial Services Association responded to a petition asking that the Federal Communications Commission rule that finance companies are not liable when they call a wireless number for which they have prior express consent to call or text, but ... [Read More]

Nicholas Financial’s Q1 Originations Rise

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SubPrime Auto Finance News Staff
Nicholas Financial originated more subprime contracts during the first quarter of its fiscal year, but its net earnings softened by double digits. The number of contracts the company booked during the quarter came in at 4,244 for a total loan ... [Read More]

Report: 1 in 20 Consumers Have a Delinquent Credit Account

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SubPrime Auto Finance News Staff
Roughly one out of 20 people with a credit file — which constitutes about 5.3 percent of the U.S. consumer population — are at least 30 days late on a credit card or other non-mortgage account such as an auto ... [Read More]

TrueCar Unveils Program for NEA Members

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SubPrime Auto Finance News Staff
This week, TrueCar and the National Education Association (NEA) partnered to launch a vehicle-buying program designed to provide savings for NEA members and educators. Officials highlighted that through the NEA Auto Buying Program, the NEA's 3 million members will gain ... [Read More]

New York Fed: Q2 Originations Top $100 Billion

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SubPrime Auto Finance News Staff
Along with a climb in total outstanding balances that’s now reached 13 quarters in a row, it’s also been nearly eight years since the auto finance industry generated this much paper in a single quarter. The Federal Reserve Bank of ... [Read More]

BenchMark Consulting International Taps New Director for Americas

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SubPrime Auto Finance News Staff
BenchMark Consulting International — which compiles the annual survey for the National Automotive Finance Association among other analytical projects for banks and finance companies — recently chose Dwayne Furmidge as the new leader of its North and South American operations. ... [Read More]

defi SOLUTIONS Integrates Carleton SmartCalcs to Boost Compliance

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SubPrime Auto Finance News Staff
Cloud-based loan origination system defi SOLUTIONS integrated Carleton SmartCalcs into its platform this week. Officials highlighted defi SOLUTIONS customers now can access Carleton’s 40 years of compliance expertise to assure federal and state lending interest, fees and the annual percentage ... [Read More]

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