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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

3 associations roll out VPP compliance initiative

SubPrime Auto Finance News Staff
Three national trade groups want the industry to start the new year on the right compliance path. In late December, the Guaranteed Asset Protection Alliance (GAPA), Motor Vehicle Protection Products Association (MVPPA) and Service Contract Industry Council (SCIC) launched an ... [Read More]

Resolvion & RDN integrate to smooth database processes for agents

integration button_4
SubPrime Auto Finance News Staff
Resolvion made another technology-driven move on Tuesday aimed at making repossession complexities smoother for both its employees and its network of agents. The provider of national repossession management, skip-tracing, remarketing, license plate recognition, heavy equipment and specialty recovery announced today ... [Read More]

Exeter partners with Pagaya to leverage AI tools

artificial intelligence
SubPrime Auto Finance News Staff
Exeter Finance now is leveraging artificial intelligence from Pagaya Technologies to boost underwriting, funding and working relationships with more than 13,000 dealerships in its financing network that often book non-prime paper. By integrating Pagaya’s AI-driven auto product, which includes access ... [Read More]

ARA president calls for significant safety precautions after 2 agents shot and killed on consecutive days

Nick Zulovich, Senior Editor
It’s literally been a deadly week in the repossession world. American Recovery Association president Vaughn Clemmons recapped in an industry message on Friday that repossession agents were shot and killed in separate incidents in Alabama and California. Clemmons indicated the ... [Read More]

After Fed keeps rates steady, business optimism improves while consumers still feel ‘the pinch’

Nick Zulovich, Senior Editor
With one automotive economist acknowledging consumers are still feeling “the pinch,” some of the largest businesses in the U.S. now have some optimistic expectations for 2024 fueled in part because interest rates might finally have peaked. The Federal Reserve kept ... [Read More]

USED CAR WEEK 2023 PODCAST: Women in Collections and Recoveries panel

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. This episode features some of this year’s honorees among Women in Collections and Recoveries for a conversation led by ... [Read More]

Gestalt Tech continues to build automotive relationships with defi SOLUTIONS

LCT teams with AKUVO to streamline loan refunds
SubPrime Auto Finance News Staff
When the current leaders of defi SOLUTIONS decided to add Gestalt Tech to its family of data and service providers, they likely had a pretty good idea of the provider’s capabilities. After all, Gestalt’s chief executive officer is Stephanie Hanson, ... [Read More]

PAR elevates Williams to senior director of sales and client relations

SubPrime Auto Finance News Staff
On Wednesday, PAR — OPENLANE’s business unit that oversees asset recoveries, manages cycle times, maximizes returns and reduces risk for banks, captives, credit unions and other auto finance companies — announced the promotion of Jeff Williams to senior director of ... [Read More]

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]

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