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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

Details of REPAY-AKUVO partnership for enhanced collections

cloud computing
SubPrime Auto Finance News Staff
REPAY and AKUVO finalized a partnership this week aimed at improving collections. According to a news release, REPAY’s integration with Aperture, AKUVO’s collections management software, can enable financial institutions to accept digital payments, while utilizing a secure, real-time data exchange ... [Read More]

UPDATED: NADA pushes back against FTC’s ‘heavy-handed’ vehicle-purchasing rule

Nick Zulovich, Senior Editor
Editor’s note: Our report now includes comments from the National Independent Automobile Dealers Association (NIADA). The Federal Trade Commission said its newest rule released on Tuesday will prevent “bait-and-switch tactics and hidden junk fees” when consumers purchase vehicles. The FTC ... [Read More]

Auto credit tightens in November

SubPrime Auto Finance News Staff
November typically contains a variety of enticement offerings to get consumers to spend on holiday gifts. Evidently, finance companies didn’t take that approach to stimulate automotive retail activity like what might have happened for electronics or home and personal items. ... [Read More]

Mixed trends surface as Fed approaches last rate move of 2023

money-key
SubPrime Auto Finance News Staff
Experts see the Federal Reserve leaving interest rates unchanged when policymakers have their last opportunity of the year to make a modification later this week. The expectation comes in part because of rising consumer sentiment, which happens to be going ... [Read More]

Fed governor asks 3 questions about financial inclusion

SubPrime Auto Finance News Staff
Michelle Bowman, one of the seven members of the board of governors at the Federal Reserve, appeared via online video this week for a conference hosted by the Aspen Institute about financial inclusion. While Bowman didn’t speak about subprime auto ... [Read More]

USED CAR WEEK 2023 PODCAST: State of Auto Financing

SubPrime Auto Finance News Staff
We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. The episode focuses on the State of Auto Financing with a conversation featuring Doug Busk of Credit Acceptance, Andre ... [Read More]

TransUnion & Datos Insights examine communications & other elements influencing third-party collections

collections
SubPrime Auto Finance News Staff
TransUnion and Datos Insights took an extensive look into third-party collections on all fronts, uncovering the depth professionals are trying to communicate with debtors nowadays. Researchers found nearly all third-party collections companies (98%) use letters to reach consumers. However, TransUnion ... [Read More]

700Credit completes integration with Revvable to provide credit, compliance & prescreen solutions

credit report image
SubPrime Auto Finance News Staff
This week, 700Credit finalized its sixth industry relationship of the year to help dealerships and finance companies. The newest one involves the provider of credit reports, compliance solutions, soft pull, ID verification and fraud detection products working with Revvable, which ... [Read More]

Open Lending claims 2023 NAFCU Innovation Award

Award_47
SubPrime Auto Finance News Staff
Open Lending has another reason to celebrate this holiday season. The enablement and risk analytics solutions provider for financial institutions announced this week that it has been selected as a winner of the 2023 NAFCU Innovation Award for its enhanced ... [Read More]

FTC defends responsiveness to Congressional inquiries

NIADA gearing up for annual Capitol Hill event
SubPrime Auto Finance News Staff
Last week, Jeanne Bumpus, director of the office of Congressional relations at the Federal Trade Commission, testified before the House Judiciary Subcommittee on Responsiveness and Accountability to Oversight. Bumpus told lawmakers the FTC “has established its clear responsiveness” to House ... [Read More]

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