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This Month's Focus

Turbocharged Finance
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Fueled by more than $100M in strategic financing, MCO names new president
MyComplianceOffice (MCO) appointed John Schobel as president on Tuesday, as the provider of compliance management software for the financial services industry looks to continue its growth trajectory following the securing of more than $100 million in financing. MCO now serves ... Read More
ITOCHU invests in MOTER again to leverage connected-car technology
If you didn’t believe the modern vehicles you’re financing, retailing or repairing are smartphones rolling on four wheels, perhaps this investment announcement will sway your opinion. MOTER Technologies, an artificial intelligence-powered insurtech company that delivers a connected vehicle data platform ... Read More
CarLocal.io enhances automotive AI answer engine
Your family group chat might now be filled with images created with artificial-intelligence tools that highlight what your aunt would look like with a different hairstyle or your uncle’s appearance if he dropped 50 pounds. Car shoppers are also using ... Read More
Jeremy Louisos of Preowned Auto Logistics Returns to Show
Our “PAL” Jeremy Louisos of Preowned Auto Logistics is back on the show for a wide-ranging conversation about his work on remarketing industry committees and conferences, top issues and hot topics in auto transport and much more. The interview is ... Listen Here
SPONSORED EPISODE: Rethinking vehicle-protection plans for today’s wide inventory mix with GWC Warranty
Used-car inventory on dealer lots nowadays can range from older, higher-mileage vehicles to EVs, lifted trucks, and modified vehicles. The result is dealers are also having to change the vehicle-protection conversations with customers. In this special sponsored episode of the ... Listen Here
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

SNH Capital Partners acquires ProMax

investment picture
SubPrime Auto Finance News Staff
Not only is the investment community finding ways to fuel auto finance companies that originate paper, they’re also navigating paths to secure firms that provide critical ancillary services that help foster the entire process. According to news release distributed on ... [Read More]

Digital Recognition Network hands out 9 awards during NARS

award winner
SubPrime Auto Finance News Staff
Along with raising funds during the North American Repossession Summit (NARS) to support the Recovery Agents Benefit Fund (RABF), Digital Recognition Network (DRN) presented top providers and affiliate awards during last week’s events to honor organizations that have demonstrated excellence ... [Read More]

Resource Hub

Best Practices, Ideas, and Tools for Business

AI & Auto Finance: An Expert Guide to Using This Technology

This 26-page ebook from Cherokee Media Group, sponsored by dotData, brings together insights from nine experts on how artificial intelligence...
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Turning Dealer Group Data into Demand

Stop letting messy data hold your dealership back from its true earning potential. While many multi-roof dealer groups struggle to...
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Evaluating VPP Cancellation Systems: 7 Questions Every Lender Should Ask

Selecting the right VPP cancellation system is critical to maintaining compliance, maximizing recoveries, and improving operational efficiency. As regulatory requirements...
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Auto lenders spent on AI. Here’s what paid off.

A panel of auto-lending leaders — CEOs of subprime auto finance companies, VPs of Collections, CROs, indirect-lending executives at two...
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Experian Automotive Dealer Fraud Threat Report

Fraud is Hitting Dealerships Hard When one bad deal can erase tens of thousands in profit, fraud becomes impossible to...
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AI-Financing Spotlight: How Tracy Honda Sells 12-15 More Deals Monthly

Discover how Tracy Honda is outperforming its market by leveraging AI-powered auto financing to drive faster approvals and close more...
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The AI Dealer Playbook: 5 Questions to Ask Before You Buy AI

Artificial intelligence is rapidly reshaping dealership operations by automating communication, improving workflows, and supporting staff with tools like copilots and...
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Speaking the Same Language: How Dealers Structure Capital for Real Estate and Growth

Why Capital Structures Matters in Today’s Market Dealers actively expanding or acquiring real estate are often constrained not by opportunity—but...
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ARS to outsource assignments via MBSi’s repossession platform

partnership picture
SubPrime Auto Finance News Staff
MBSi Corp., and American Recovery Service (ARS) recently broadened their relationship. The repossession assignment software and vendor compliance solutions provider and national repossession services firm are expanding their partnership as ARS will soon begin outsourcing repossession assignments through MBSi’s repossession ... [Read More]

FTC continues fight against illegal phone calls

Federal Trade Commission
SubPrime Auto Finance News Staff
While phone calls remain an important tool for collectors and skip-tracers at auto finance companies, the Federal Trade Commission told the U.S. Senators last week that the agency “is using every tool at its disposal to fight” illegal robocalls. Appearing ... [Read More]

Wells Fargo enters consent orders with $1 billion civil penalties

shutterstock_541473187
SubPrime Auto Finance News Staff
Wells Fargo said Friday it has entered consent orders with the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau, under which the company will have to pay civil penalties totaling $1 billion. The consent orders ... [Read More]

GrooveCar gears up for annual April Auto Sales Event

auto finance pic 2
SubPrime Auto Finance News Staff
Along with an effort to raise awareness and funds for Special Olympics NY, GrooveCar is running its annual April Auto Sales Event starting on Friday through its network of participating credit unions and dealerships. Credit unions in the New York ... [Read More]

Zurich now available on Darwin Automotive

dealership and couple
SubPrime Auto Finance News Staff
Darwin Automotive’s menu for dealership F&I departments became even more robust this week. Darwin announced that it has added Zurich North America’s F&I products to the Darwin core F&I menu, as well as Darwin digital retailing and service menu. “We ... [Read More]

4 trade associations cheer Senate vote to repeal CFPB auto finance bulletin

news update
Nick Zulovich, Senior Editor
Four of the industry associations with significant presence on Capitol Hill celebrated on Wednesday after the U.S. Senate passed a Congressional Review Act Resolution (S.J. Res. 57) to repeal the 2013 Auto Finance Bulletin issued by the Consumer Financial Protection ... [Read More]

Russi’s upcoming departure among 5 exec changes at Ally

board-room
SubPrime Auto Finance News Staff
One of the faces well known with Ally Financial’s auto finance business is leaving the company as part of key leadership changes announced on Thursday in association with changes to its auto finance, insurance and risk management organizations. According to ... [Read More]

CARS integrates IBEAM into Clearplan repo agent dashboard

latest news
SubPrime Auto Finance News Staff
Another example of industry cooperation in the repossession world came to light on Wednesday. Consolidated Asset Recovery Systems (CARS) announced that the forwarding company has integrated its IBEAM repossession and remarketing compliance portal with the Clearplan dashboard used by repossession ... [Read More]

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