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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

CFPB deputy director resigns, citing family reasons

steve antonakes for SPN
Nick Zulovich, Editor
The No. 2 official at the Consumer Financial Protection Bureau has resigned, citing the burden of commuting between his home in Massachusetts and Washington, D.C. According to documents obtained by SubPrime Auto Finance News on Friday, CFPB deputy director Steve ... [Read More]

Did Honda’s consent order produce a ‘golden goose?’

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Nick Zulovich, Editor
While much of the industry is somewhat gnashing its collective teeth over the consent agreement American Honda Finance Corp. reached with federal regulators, Arent Fox senior automotive counsel Rob Cohen used descriptors such as “silver lining” and “golden goose” when ... [Read More]

Spireon expands in GPS space by acquiring Inilex

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SubPrime Auto Finance News Staff
Two of the largest players in the GPS technology space now are under the same corporate umbrella. Spireon, a portfolio company of Bertram Capital, on Wednesday announced the acquisition of privately held Inilex, another provider of GPS recovery software solutions. ... [Read More]

NADA requests leaked CFPB memo

gavel and documents
SubPrime Auto Finance News Staff
Exactly two weeks before a consent order involving American Honda Finance Corp. came to light, documents the Consumer Financial Protection Bureau shared by anonymous sources generated online reports about the forthcoming regulatory developments. Now, the National Automobile Dealers Association wants ... [Read More]

NextGear Capital entering 30 new markets

cars on road today
SubPrime Auto Finance News Staff
NextGear Capital recently announced plans to expand into 30 additional markets across the U.S. The company indicated that its enhanced technology offerings, flexible terms and customer service have led to an increase in customers, resulting in the need for these ... [Read More]

BillingTree launches new payment solution, branding

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SubPrime Auto Finance News Staff
BillingTree highlighted a string of new developments on Wednesday, including the launch of Payrazr, a comprehensive suite of in-house developed payment solutions. The company also revealed a completely refreshed corporate branding, redesigning its logo, adopting the tagline “Growing Payments with ... [Read More]

AUL introduces 2 warranty products targeted directly at private consumer market

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SubPrime Auto Finance News Staff
AUL Corp. has worked with dealers and agents to sell extended service warranties to their vehicle buyers for the past 25 years. On Tuesday, AUL chief executive officer Luis Nieves rolled out a pair of products that are being targeted ... [Read More]

Honda ordered to cap dealer markup at 125 bps or lower

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SubPrime Auto Finance News Staff
The Consumer Financial Protection Bureau and Department of Justice just took a big bite out of the F&I income Honda dealerships can generate through the financing of vehicle installment contracts by their captive. CFPB and DOJ officials said on Tuesday ... [Read More]

AG penalizes 23 NY dealerships over deceptive advertising

news report stock photo
SubPrime Auto Finance News Staff
What law enforcement considers to be deceptive advertising associated in part with vehicle financing is continuing to hit New York dealerships in the pocketbook. New York attorney general Eric Schneiderman announced two separate settlements on Tuesday involving 23 franchised dealerships ... [Read More]

2 suggestions for maintaining profitability

sales increase
SubPrime Auto Finance News Staff
While the Office of the Comptroller of the Currency acknowledged vehicle installment contract delinquencies are are at “manageable” levels now, FICO’s analytic team recently offered a pair of recommendations to help finance companies protect profitability in case those conditions deteriorate. ... [Read More]

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