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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

Report: CFPB Organizer Heading for Senate Banking Committee

Nick Zulovich
WASHINGTON, D.C. — One of the primary architects of the Consumer Financial Protection Bureau reportedly is heading for a leading role within the Senate Banking Committee. According to Bloomberg, U.S. Senator-elect Elizabeth Warren will be part of the chamber's banking ... [Read More]

Former NCM Associates Trainer Joins Leedom Group

Nick Zulovich
SARASOTA, Fla. — Leedom and Associates recently tapped a veteran industry educator and former dealer to be a 20 group moderator, trainer and consultant. Selected for the role was Jay Prassel, according to Leedom Group chief executive officer Chris Leedom. ... [Read More]

TransUnion: Latest Auto Loan Delinquency Rate Change Follows Seasonal Pattern

Nick Zulovich
CHICAGO — The seasonal movement TransUnion spotted several times when looking at national auto loan delinquency rates for the second and third quarters of a calendar year unfolded similarly again in 2012. Analysts determined the ratio of borrowers 60 or ... [Read More]

Turner Acceptance Expands Direct Finance Branch Network

Nick Zulovich
SKOKIE, Ill. — Turner Acceptance Corp. recently opened its fifth personal loan branch in Illinois. The new branch is located in Burbank. Andres Huertas, Turner's director of direct and merchant financing, highlighted the newest location will complement the company's other ... [Read More]

KAR to Award First Stock Dividend in Company History

Nick Zulovich
CARMEL, Ind. — Along with an announcement late last week of another common stock offering, KAR Auction Services' board of directors approved the initiation of a quarterly cash dividend on the company's common stock. The first dividend paid to stockholders ... [Read More]

VINtek Aids Lenders to Comply with Georgia’s New ELT Rules

Nick Zulovich
PHILADELPHIA — VINtek, a provider of automotive collateral management, electronic lien and title (ELT) services and direct finance processing, recently announced it is assisting automotive lenders in Georgia with compliance with finalized ELT legislation. In October, the Georgia Department of ... [Read More]

CFPB Warns Credit Report Providers About Accessibility

Nick Zulovich
WASHINGTON, D.C. — The Consumer Financial Protection Bureau took aim at the three major credit reporting agencies again this week. This time, CFPB officials released a bulletin to nationwide specialty consumer reporting agencies — primarily Experian, Equifax and TransUnion — ... [Read More]

As Auto Originations Climb, Equifax Introduces New Tool to Understand Customers’ Credit Capacity

Nick Zulovich
ATLANTA — As the company's data showed auto loan originations now are at the highest level in five years, Equifax rolled out a new solution this week geared to help finance companies and dealers gain a better understanding of their ... [Read More]

Peak Acceptance Announces Partnership with LendingTree Auto Services and CreditSmarts.com

Nick Zulovich
DALLAS — Peak Acceptance — which purchases retail installment contracts from dealers, maintains store relationships and manages the interface with third party servicing providers — entered into a joint agreement this week with LendingTree Auto Services and CreditSmarts.com to provide ... [Read More]

AFSA, NVLA Voice Concern About Georgia’s Tax Changes Regarding Leased Vehicles

Nick Zulovich
WASHINGTON, D.C. —  This week, the American Financial Services Association and the National Vehicle Leasing Association joined forces to urge Georgia lawmakers to reconsider legal changes in regard to financing companies paying taxes when vehicles are leased. Officials used the ... [Read More]

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