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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

Nicholas Financial Calls Off Acquisition by Prospect Capital

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SubPrime Auto Finance News
Coming off an appeal to remain listed on Nasdaq, the board of directors at Nicholas Financial voted to terminate an agreement to be acquired by Prospect Capital Corp., through a deal that hit snags because of demands by the Securities ... [Read More]

2 More Officials Subpoenaed About Potential CFPB Discrimination

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SubPrime Auto Finance News Staff
Two more individuals alleging discrimination within the Consumer Financial Protection Bureau have been subpoenaed to testify for the Subcommittee on Oversight and Investigations that’s part of the U.S. House Financial Services Committee. Now scheduled to appear during a session set ... [Read More]

TransFirst and NIADA Reach Exclusive New Payment Processing Agreement

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SubPrime Auto Finance News Staff
TransFirst, a provider of transaction processing services and payment enabling technologies, and the National Independent Automobile Dealers Association announced that they have agreed to a new, exclusive relationship for payment processing solutions. Officials explained that TransFirst first acquired a long-standing ... [Read More]

Ally Pleased to be Dealer-Centric Service Provider

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Nick Zulovich, Editor
Ally Financial chief executive officer Michael Carpenter likes the position the company currently has in terms of where its business development originates. Rather than strictly being a captive servant to an automaker, Carpenter prefers the current situation where Ally can ... [Read More]

House Committee Passes Repeal of CFPB Guidance

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SubPrime Auto Finance News Staff
The bulletin connected with indirect auto financing issued by the Consumer Financial Protection Bureau last March could be receiving a significant makeover if a measure working its way through the U.S. House continues to move forward. In what the National ... [Read More]

MotoLease Selects EFG Companies to Reach Subprime Motorcycle Buyers

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SubPrime Auto Finance News Staff
EFG Companies announced on Tuesday it has been selected as the premier product provider by MotoLease, a financial services company that offers unique consumer leasing programs through MotoLease authorized dealers. The company designs solutions exclusively for the motorcycle and powersports ... [Read More]

Ally Chief Compliance Officer Receives ABA Distinguished Service Award

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SubPrime Auto Finance News Staff
Ally Financial chief compliance officer Daniel Soto received the 2014 ABA Distinguished Service Award which recognizes leadership, initiative and accomplishment in banking regulatory compliance management. The award, established in 1995, was presented at the American Bankers Association’s 28th annual Regulatory ... [Read More]

Veros Credit Confirms Nationwide Expansion Plan

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SubPrime Auto Finance News Staff
Veros Credit is ready to make an expansion move beyond servicing the needs of the subprime auto financing industry in the western half of the United States as the company has done for the past 17 years. The company explained ... [Read More]

Cordray Highlights CFPB Work During Senate Hearing

Cordray at Senate on June 10
SubPrime Auto Finance News Staff
How the Consumer Financial Protection Bureau conducts its supervisory business was in the spotlight again on Tuesday during regular hearings conducted by both the U.S. Senate Banking Committee as well as the U.S. House Financial Services Committee. In the Senate, ... [Read More]

Fitch Finds Auto ABS Strong Going Into Summer

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SubPrime Auto Finance News Staff
Fitch Ratings determined delinquencies on prime U.S. auto loan ABS reached another record low in April, with the subprime sector posting a strong improvement, too. Analysts indicated the movements mean that asset performance is positioned for a strong summer. According ... [Read More]

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