CUNA and NAFCU members approve merger to create single credit union association
Thursday, Nov. 2, 2023, 01:51 PM
Auto Fin Journal Staff
By overwhelming majorities, members of the Credit Union National Association (CUNA) and National Association of Federally-Insured Credit Unions (NAFCU) have voted in favor and approved the merger to form America’s Credit Unions. Of those institutions that participated according to a ... [Read More]
Wolters Kluwer: Digital transformation makes notable move when compared to 2020
Tuesday, Oct. 31, 2023, 05:00 PM
Auto Fin Journal Staff
Wolters Kluwer announced third quarter results and analysis from its Auto Finance Digital Transformation Index this week. The project tracks the rate at which auto dealers, service providers and finance companies are seeing growth in the evolution from paper-based finance ... [Read More]
Free white paper from Nordis Technologies offers path to improve consumer billing & payments
Tuesday, Oct. 31, 2023, 04:47 PM
Auto Fin Journal Staff
The focal point of a new, free white paper from Nordis Technologies claimed that cloud applications for personalizing consumer billing and payment experiences can make a big difference in whether auto finance companies get paid and keep contracts current. Authors ... [Read More]
7 more credit unions to use GrooveCar Direct vehicle shopping & financing platform
Monday, Oct. 30, 2023, 11:51 AM
Auto Fin Journal Staff
GrooveCar Direct, which offers credit unions their own, white-labeled vehicle shopping platform, recently announced seven new partnerships. The credit unions now using this technology are: —El Monte Community Credit Union, based in El Monte, Calif., with assets of $34 million ... [Read More]
Invesco Advisers study dissects impact AI now has on investors
Monday, Oct. 30, 2023, 11:50 AM
Auto Fin Journal Staff
Investors not only are pushing resources into fintechs fueled by artificial intelligence. They’re now using AI more often to make their financial decisions with the expectation the usage will intensify. Those assertions and more surfaced on Monday when Invesco Advisers ... [Read More]
Auto finance ‘never boring’ for NMAC’s Cullum, the 2023 Executive of the Year
Wednesday, Oct. 25, 2023, 12:00 PM
Nick Zulovich, Senior Editor
Kevin Cullum grew up in a suburb of Kansas City, Mo. An internship during his senior year of college at the University of Central Missouri began a career in auto finance that took Cullum to a multitude of places, beginning ... [Read More]
Westlake to leverage Onbe’s digital refund platform
Wednesday, Oct. 25, 2023, 11:51 AM
Auto Fin Journal Staff
This week, Onbe launched a digital-first consumer refund program with Westlake Financial. According to a news release, Westlake has replaced its check-based refund program with Onbe’s payouts gateway, providing instant payments to recipients while eliminating internal program and labor costs. ... [Read More]
Banks question proposed CFPB rule over personal financial data rights
Monday, Oct. 23, 2023, 12:06 PM
Auto Fin Journal Staff
The active period at the Consumer Financial Protection Bureau continued on Thursday, as the CFPB proposed a rule that the regulator said would accelerate a shift toward open banking, where consumers would have control over data about their financial lives ... [Read More]
Shebesta again selected to be NVLA president
Wednesday, Oct. 18, 2023, 12:24 PM
Auto Remarketing Staff
The National Vehicle Leasing Association (NVLA) recently elected Automobile Consumer Services CEO Tarry Shebesta as its president for the 2024-2025 term. During its annual conference in Austin, Texas, Shebesta became the only NVLA member ever elected to a second term ... [Read More]
Alfa plans deployment of software platform’s sixth iteration
Wednesday, Oct. 18, 2023, 12:23 PM
Auto Fin Journal Staff
Last week, Alfa announced plans for the upcoming launch of Alfa Systems 6, what it’s calling a “breakthrough iteration” of its software platform. Delivered in a series of releases over the coming year, the company highlighted Alfa Systems 6 introduces ... [Read More]