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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

NIADA Names F&I Firm as National Member Benefit Partner

Nick Zulovich
ARLINGTON, Texas — The National Independent Automobile Dealers Association announced its endorsement of an F&I service for independent dealers it called "best in class." Named by the NIADA as a National Member Benefit Partner is Vantage Finance, the only company ... [Read More]

FTC Issues Revised Business Guide on Red Flags Identity Theft Rule

Nick Zulovich
WASHINGTON, D.C. — The Federal Trade Commission issued revised guidance designed to help businesses such as dealerships comply with the requirements of the Red Flags Rule, which protects consumers by requiring businesses to watch for and respond to warning signs ... [Read More]

ProMax Unlimited On Track for 2,000 Dealer Users by Year End

Nick Zulovich
DAVENPORT, Iowa — Triggered by new solution capabilities, ProMax Unlimited, a Web-based subprime financing software provider, highlighted the growth trajectory it is enjoying this year. Company officials contend they are on track to have more than 2,000 dealers using their ... [Read More]

Reynolds LAW Rolls out F&I Library of Forms for WV Dealers

Nick Zulovich
DAYTON, Ohio — Reynolds and Reynolds announced the availability of the LAW West Virginia F&I Library that is designed to offer West Virginia automobile and truck dealers a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents. Officials ... [Read More]

iTapMenu Launches F&I Product Rating with Provider Exchange Network

Nick Zulovich
SOUTHFIELD, Mich. — Provider Exchange Network, a division of Open Dealer Exchange, recently completed integration with the F&I mobile menu, iTapMenu. Officials explained the iTapMenu will now feature electronic rating via PEN. "We couldn't be more excited about the partnership ... [Read More]

CPS Renews $100M Credit Facility

Nick Zulovich
IRVINE, Calif. — Consumer Portfolio Services recently renewed its $100 million revolving credit facility with Citi. Under the amended terms, CPS explained the facility will revolve during the first two years and may amortize during the third year. The company ... [Read More]

Top 10 Most Refinanced Vehicles by Below-Prime Buyers

Nick Zulovich
IRVINE, Calif. — CarFinance.com recently compiled data showing the Top 10 most frequently refinanced makes and models by the site's below-prime customers since last year.  Among the brands listed, domestic badges represented the top three as well as half of ... [Read More]

Experian Rolls Out New Financing Process Solution for World Omni

Nick Zulovich
COSTA MESA, Calif. — Experian recently announced that it is providing World Omni Financial Corp. with a flexible decision management solution based on its PowerCurve and Attribute Toolbox software aimed at streamlining the processing and decisioning of auto finance applications. ... [Read More]

Free CarMark Auto Finance Webinar to Highlight Potential of Residual-based Financing

Nick Zulovich
CARY, N.C. — With monthly payments weighing so heavily on potential vehicle buyers nowadays, CarMark Auto Finance is hosting a free webinar to highlight its residual-based finance program that can generate a financing option up to 40 percent lower than ... [Read More]

Double-Digit Bankruptcy Drops Continue in May

Nick Zulovich
ALEXANDRIA, Va. — The American Bankruptcy Institute found that total bankruptcy filings in the United States for May decreased 12 percent year-over-year. Drops at that level or higher have been reported during four of the first five months of 2013. ... [Read More]

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