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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
Vincenzo Ciampi of iA Financial Group
Next up on the Canada’s Used Car Week Live Stage is Vincenzo Ciampi . who is senior vice president, of auto finance and dealer services for Canada at iA Financial Group. Ciampi talks with Cherokee Media Group’s Joe Overby about ... Listen Here
Ted Berlovich of Clutch
Continuing the discussions from the Live Stage at Canada’s Used Car Week, senior editor Joe Overby connects with Ted Berlovich, director of wholesale at online used-car retailer Clutch. Berlovich explained the company’s wholesale process, how the company handles some of ... Listen Here

Latest AFSA Credit Risk Retention Comment Focuses on Vehicle Financing

Nick Zulovich
WASHINGTON, D.C. — Last week, the American Financial Services Association submitted a letter to six federal agencies on their proposed rule regarding credit risk retention. AFSA's letter focused on the impact of the proposed rule on the vehicle finance industry. ... [Read More]

22 Senators Demand CFPB Answers Auto Lending Policy Questions

Nick Zulovich
WASHINGTON, D.C. — Dealer associations, legal service providers and industry organizations have sought clarity as to how the Consumer Financial Protection Bureau plans to determine if discrimination is taking place within indirect auto lending. This week, a bipartisan group of ... [Read More]

FNI Shares 3 Best Practices for Incorporating Auto Finance Add-On Programs

Nick Zulovich
RALEIGH, N.C. — FNI Inc. president David Bafumo highlighted three best-practice recommendations for auto finance providers when offering captive or preferred add-on programs. The head of the collateral protection and consumer benefit program product and compliance agency emphasized these tip ... [Read More]

TransUnion: Nearly 70 Percent of Americans Say They Have Little to No Understanding of Credit Scoring

Nick Zulovich
CHICAGO — According to a recent study by TransUnion, many Americans do not understand how credit scoring works or that there are many credit scoring models. The project commissioned by TransUnion asked the following question: —On a scale of 1 ... [Read More]

Lease Customer Credit Approvals Continue Slight Decline, Still Considered Healthy

Nick Zulovich
CINCINNATI — Swapalease.com recently learned the latest year-to-date credit approval average came in slightly lower in September than in August. Site officials said September's reading settled at 72.7 percent, down slightly from a 74.5-percent approvals rate year-to-date in August. The ... [Read More]

GM Financial Grows Originations & Earnings in Q3

Nick Zulovich
FORT WORTH, Texas — As the company grew consumer loan originations by $1 billion year-over-year, General Motors Financial posted a $38 million rise in earnings during the third quarter, according to its latest financial statement released this morning. The company ... [Read More]

Leveraging LPR Technology for Loan Underwriting, Not Just Repossessions and Recoveries

Nick Zulovich
SAN DIEGO — Digital Recognition Network indicated that its license-plate recognition solution determined that more than 55 percent of the assets the company finds are more than 100 miles away from where previous documentation said the vehicle should have been. ... [Read More]

Legal Expert Praises CFPB Website Efficiency

Nick Zulovich
NEW YORK — Politicians and consumers are voicing their displeasure about all of the trouble with the federal website for the health insurance marketplace created by the Affordable Care Act, better known in today's headlines as Obamacare. But one legal ... [Read More]

CFPB Impact? Not Too Much Yet, for Some Retailers

Nick Zulovich
CARY, N.C. — There is no denying the sweeping changes throughout all the tentacles of the auto industry stemming from the Consumer Financial Protection Bureau's auto finance-targeted actions. But there are at least some public dealer group that say they ... [Read More]

Fitch Describes September US Auto ABS as Resilient

Nick Zulovich
NEW YORK — Fitch Ratings indicated performance of U.S. auto ABS continues to exceed expectations even in a time of the year when performance is weakest. Analysts determined annualized net losses were flat for prime auto loan ABS in September. ... [Read More]

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