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Deeper dive into rising LTVs with TransUnion’s Satyan Merchant
One of the notable findings from TransUnion’s Q2 2026 Credit Industry Insights Report (CIIR) was how much loan-to-value ratios have changed in the past five years. Satyan Merchant, one of this year’s Automotive Intelligence Award recipients and senior vice president ... Listen Here
PayNearMe chief product officer John Minor on intersection of payments & technology
PayNearMe recently shared new search, explaining that hidden costs sustained by auto lenders can show up as failed payments, borrower support calls, late payments, collections follow-up, reconciliation work and manual recovery effort. PayNearMe chief product officer John Minor elaborated about ... Listen Here
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

New-Vehicle Loan Growth Pushes Navy Federal to Roll out More Promotions

Nick Zulovich
VIENNA, Va. — Prompted by strong growth during the past few months of vehicle loans with similar rates, Navy Federal Credit Union recently lowered its 36-month new auto loan rate to an APR as low as 1.79 percent. Navy Federal ... [Read More]

Nicholas Financial Announces Credit Line Increase & Extension

Nick Zulovich
CLEARWATER, Fla. — With eyes on more expansion projects, Nicholas Financial recently revealed it executed an amendment to its bank credit line that increases the size of the credit line from $140 million to $150 million and extends the maturity ... [Read More]

With Activity Climbing on Major Lender Platforms, How Can Dealers Cash In and Ramp Up Approvals?

Nick Zulovich
FARMINGTON HILLS, Mich. — Though the recovery has been stalling and the U.S. credit downgrade from Standard's & Poor's certainly didn't help,  all four major lender platforms — RouteOne, DealerTrack, Wolter Kluwer's AppOne and Finance Express — report to SubPrime ... [Read More]

ABI: August Bankruptcy Filings Drop

Nick Zulovich
ALEXANDRIA, Va. — Continuing a trend seen throughout the year, the American Bankruptcy Institute discovered the amount August consumer bankruptcy filings dipped both year-over-year and month-over-month. Relying on data from the National Bankruptcy Research Center, ABI determined August consumer bankruptcies ... [Read More]

Medallion Bank Joins Wolters Kluwer’s AppOne Platform

Nick Zulovich
MINNEAPOLIS — Wolters Kluwer Financial Services recently revealed that Medallion Bank has joined its AppOne lending platform. Medallion Bank — which specializes in financing customers with past-credit problems and provides financing to bank-approved marine and RV dealers across the U.S. ... [Read More]

Massachusetts Dealer Expands Subprime Department to Meet Demand

Nick Zulovich
PITTSFIELD, Mass. — Haddad Auto's subprime finance department — Captain Credit — is growing so quickly that store management is shifting its location. Originally based within Haddad Toyota, officials indicated that as of the end of this month, Captain Credit ... [Read More]

Experian: Gap Between Amount Financed for Used & New Vehicles Continues to Close

Nick Zulovich
SCHAUMBURG, Ill. — With used-vehicle prices continually pushing toward the amount buyers could pay for a new model, Experian Automotive discovered the amount financed is reflecting this trend. When discussing second-quarter data, Experian pinpointed how much this gap has closed ... [Read More]

Nicholas Financial Declares Cash Dividend

Nick Zulovich
CLEARWATER, Fla. — Nicholas Financial recently announced that its board of directors has declared a cash dividend of $0.10 per share on its common stock. The dividend is to be paid on Sept. 20 to shareholders of record as of ... [Read More]

Experian: Appetite for Risk Grows Double-Digits

Nick Zulovich
SCHAUMBURG, Ill. — Experian Automotive discovered lenders continued to "increase their appetite for risk" as second-quarter new-vehicle loans for customers with credit outside of prime increased by 22.4 percent when compared to the previous year. In the second quarter, Experian ... [Read More]

Municipal Credit Union Announces Labor Day Auto Loan Sale

Nick Zulovich
NEW YORK — Municipal Credit Union, a New York credit union established in 1916, is running its Labor Day Auto Loan Sale through Monday. Officials said promotions include loan rates as low as 1.95 percent APR for new vehicles and ... [Read More]

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