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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

FTC reaches settlement involving dealer software data breach

data breach
SubPrime Auto Finance News Staff
National Automobile Dealers Association chairman Charlie Gilchrist recently wrote about how data and digital issues remain a high priority for the organization. And it appears those topics certainly are being monitored by the Federal Trade Commission, too. Early this week, ... [Read More]

DRN and ARS celebrate 10 years of recovery collaboration

Jeremiah Wheeler for website
SubPrime Auto Finance News Staff
In today’s world where it might seem the only auto-finance element lengthening in time involves terms of consumers’ retail installment sales contracts, Digital Recognition Network (DRN) and American Recovery Service (ARS) are reaching a significant milestone — their 10th anniversary of doing ... [Read More]

Both House and Senate craft proposals to delay CECL implementation

capitol hill
SubPrime Auto Finance News Staff
Apparently, federal lawmakers heard the concerns from banks, credit unions and finance companies about the challenges of preparing for significant accounting changes in connection with reserving for losses. A day short of three weeks after a proposal surfaced from six ... [Read More]

Launcher introduces budget-friendly LOS for small lenders

news update
SubPrime Auto Finance News Staff
Launcher is looking to help not only well-established subprime auto finance companies, but also shops looking to get a toehold in the space while they stretch their limited resources. The technology provider specializing in loan originations, recently announced the release ... [Read More]

Depth of GAP and VSC payout climbs in 5 years

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SubPrime Auto Finance News Staff
Protective Asset Protection recently shared a new set of data analysis showing how much average claims have increased annually for GAP payouts and vehicle service contract (VSC) claims dating back to 2014. The provider of F&I programs, services and dealer ... [Read More]

KBRA: May delivers mixed ABS metrics

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SubPrime Auto Finance News Staff
On Friday, Kroll Bond Rating Agency shared its latest analysis of the auto asset-backed securities market, noting that May showed mixed credit performance across securitized marketplace. Analysts reported that annualized net losses in KBRA’s Tier 1 index fell 95 basis ... [Read More]

Westlake rolls out branded-title financing

price-tag-2
SubPrime Auto Finance News Staff
After a successful pilot program, Westlake Financial Services now is catering to dealers that want to retail vehicles with branded titles to consumers who need to finance these purchases. According to a news release distributed last week, Westlake said it ... [Read More]

Experian: Used-vehicle paper quality on the rise

approve
SubPrime Auto Finance News Staff
For finance companies that like to book as much used-vehicle paper as they can originate, the latest Experian data shows institutions are not having to take on as much risk to fill that portion of their portfolio objectives. Findings from ... [Read More]

10 associations oppose current FCC robocall proposal

paying bills
SubPrime Auto Finance News Staff
On Thursday, the Federal Communications Commission will consider a proposal the chairman calls bold action to help consumers block unwanted robocalls but is being questioned by 10 different industry associations, including the American Financial Services Association. FCC chairman Ajit Pai ... [Read More]

AUL partners with Vision on F&I menu platform

partnership gears
SubPrime Auto Finance News Staff
AUL Corp., in partnership with Vision Dealer Solutions, recently launched an AUL branded F&I menu platform. AUL chief information officer Jose Fleites explained these menus are touch-based sales tools containing all of the F&I options dealers can offer to vehicle ... [Read More]

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