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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

7 Organizations Support Disparate Impact Amendment

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SubPrime Auto Finance News Staff
Disparate impact theory is difficult even for the most seasoned legal experts to explain, so the American Financial Services Association is seeking to make sure the use of this tactic is prudent. AFSA and several financial services trade associations recently ... [Read More]

National Auto Care Appoints New Regional Account Development Manager

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SubPrime Auto Finance News Staff
National Auto Care Corp., a leading administrator of vehicle service contract and ancillary products and programs including CarMark Certified, announced the appointment of a new regional account development manager who has more than a dozen years of F&I industry experience. ... [Read More]

US Civil Rights Commissioner Seeks CFPB Documents

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SubPrime Auto Finance News Staff
The lone Republican member of the U.S. Commission on Civil Rights wants answers as to whether there is discrimination going on within the Consumer Financial Protection Bureau. Earlier this week, commissioner Peter Kirsanow sent a written request to the CFPB’s ... [Read More]

National ASE Institute Awards EFG Companies Blue Seal of Excellence

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SubPrime Auto Finance News Staff
EFG Companies announced Wednesday it has been awarded the Blue Seal of Excellence by the National Institute of Automotive Service Excellence (ASE), based upon the required certification level of  its claims organization. Officials explained this certification exemplifies EFG’s commitment to ... [Read More]

Paymaxx Pro Integrates with Cars Plus DMS

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SubPrime Auto Finance News Staff
This week, Paymaxx Pro integrated its payment processing services with Cars Plus DMS, operated by Radiant Concepts. The alliance is aimed at giving dealers the ability to efficiently provide consumers with more options for payments while simultaneously reducing costs and ... [Read More]

Subprime Used Sales Post Healthy Gain in May

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SubPrime Auto Finance News Staff
For dealers and finance companies that specialize in working with consumers with credit scores below 550, May turned out to be a pretty good month for used-vehicle sales. CNW Research found that turns to buyers in this credit segment increased ... [Read More]

Current Auto Loan Balances Reach New High at $884B

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SubPrime Auto Finance News Staff
Driven in part by the increasing retail price for vehicles, the latest Equifax National Consumer Credit Trends Report showed the total outstanding balance of current auto loans reached a new record high in April. Equifax determined outstanding balances closed April ... [Read More]

Former Ally Financial Legal Counsel Joins BuckleySandler

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SubPrime Auto Finance News Staff
Financial services and criminal and civil enforcement defense law firm BuckleySandler recently added the former legal counsel with Ally Financial to its stable of attorneys. Joining the firm as a counsel in its Washington, D.C., office is Marshall Turner Bell. ... [Read More]

5 Tips to Help Buyers During Financing Process

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SubPrime Auto Finance News
In an effort to provide dealers and F&I managers with more educational material so buyers can make better decisions, Americans Well-informed on Automobile Retailing Economics (AWARE) offered five helpful vehicle finance tips for consumers. Those recommendations included: • Budgeting helps ... [Read More]

Average Terms Hit 66 Months for First Time

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SubPrime Auto Finance News Staff
As the subprime financing market continues to expand, Experian Automotive determined that loan terms continued to lengthen with the average automotive loan term reaching 66 months for the first time. According to Experian’s latest State of the Automotive Finance Market ... [Read More]

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