Lenders Advised to Take Action to Invest in Mobility [VIDEO]

As mobility services continue to grow, transforming the auto finance landscape, lenders are advised to take action to keep up with the evolving auto space, several executives said during a panel discussion at the 2017 Auto Finance Summit last October. “The people we are in business with are not watching, but a lot of people are […]
  • Matthew Wood
  • February 22, 2018
  • 0

Disruptive Economy Offers ‘Big Role’ for Auto Lenders, GM Financial CEO Says [VIDEO]

Mobility and disruptive technology continue to develop in the automotive industry, and there’s a “big role” for auto finance companies in a disruptive economy, according to Dan Berce, president and chief executive of General Motors Financial Co. As General Motors Co. — GM Financial’s parent — takes more strides into emerging mobility and autonomous technologies, […]
  • Matthew Wood
  • February 1, 2018
  • 0

Fair Aims to Transform Car Ownership [VIDEO]

Used-car leasing app Fair launched last month, which the founders are calling an “iTunes account for your car” offering an all-in-one monthly payment model. And just a few weeks ago, the startup released a demo video showcasing its innovative business model. In short, Fair is buying used cars from dealerships and charging consumers to drive that […]
  • Natalie Mattila
  • October 13, 2017
  • 0

Digital Services ‘Open the Floodgates’ for Disruption, Divido Exec Says [VIDEO]

As on-demand streaming services like Netflix and Spotify transform the expectations of digital consumers, auto lenders will need to “respond quickly” when it comes to funding requirements, Christer Holloman, chief executive and co-founder of Divido, told attendees at the International Auto Finance Network conference in London. “Consumers want things straightaway, they have little brand loyalty, […]
  • Natalie Mattila
  • September 8, 2017
  • 0

Regulatory Attention Points to Challenges Ahead [VIDEO]

The auto finance market needs to focus on “generating positive messages as it endures a flurry of negative publicity” and growing attention from regulators. That is the key takeaway from a video posted this week by White Clarke Group on a panel debate at the International Auto Finance Conference, which took place in May in […]
  • Natalie Mattila
  • August 24, 2017
  • 0

Capital One to Roll Out New Online Experience [VIDEO]

Capital One Financial Corp. upgraded its web design to offer a more “user-friendly” online experience for borrowers, according to the bank’s YouTube channel. The updated design offers consumers easier access to account services, including auto loan payment history. Consumers can adjust their settings more easily, including language preferences, notifications, and payment methods. The video was […]
  • Natalie Mattila
  • August 4, 2017
  • 0

Ford Credit Offers ‘Auto Finance 101’ Consumer Advice [VIDEO]

Ford Motor Co. and its lending arm Ford Motor Credit Co. unveiled several new videos this month in its “Auto Finance 101” series on its YouTube channel, showing customers everything they need to know before purchasing a car. The video clips are all one minute or less and provide tips, advice and need-to-know facts about […]
  • Natalie Mattila
  • July 28, 2017
  • 0

CFPB’s Deputy Assistant Offers Insights Into Examinations [VIDEO]

Consumer Financial Protection Bureau exams are typically dreaded across the industry, but Calvin Hagins, the Bureau’s deputy assistant director for originations, said lenders “should look forward to them,” during a panel discussion at the 2017 Auto Finance Risk & Compliance Summit. The exams are an opportunity for the CFPB to learn about the industry, and lenders […]
  • Huixin Deng
  • June 29, 2017
  • 0

Dropping Used-Vehicle Prices Is ‘Barely’ a Positive Sign [VIDEO]

Used-vehicle prices have been on a wild ride lately, but will dropping prices be a positive sign for the economy? The answer is “barely yes,” according to William Strauss, senior economist and advisor for the Federal Reserve Bank of Chicago. “In fact, I would get nervous if we started to see more severe discounting,” Strauss said […]
  • Huixin Deng
  • June 23, 2017
  • 0
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