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Wells Fargo Auto Division Adopts New Name to Reflect Changes
WEBJan 26, 2018 · Wells Fargo Dealer Services is changing its name to Wells Fargo Auto in order to reflect the changes the company has made to its operations in the past year as well as open it up to more “creative” products, head of the division Laura Schupbach said in a press release. The biggest change the company […]
Santander acquires Gateway One $1B portfolio - Auto Finance News
WEBSantander Consumer USA is bolstering its servicing business via a newly inked acquisition of Gateway One Lending & Finance‘s $1.1 billion indirect auto loan portfolio, the companies announced on Wednesday. The acquisition includes an additional $500 million of indirect auto loan assets that SCUSA will service on behalf of TCF National Bank, the parent of […]
World Omni Rebrands Finance Business Under Southeast Toyota …
WEBJM Family Enterprises Inc. is consolidating its two financial lending brands under a single name by dropping World Omni Financial Corp. from its branding in favor of the title Southeast Toyota Finance, the company told Auto Finance News. Although the World Omni Financial Corp. name will generally disappear from the company’s public and corporate …
Arivo Acceptance to update risk model, doubles footprint to 20 …
WEBSubprime lender Arivo Acceptance is gearing up to roll out an updated credit risk model as the company nearly doubles its national footprint and moves its operations to a new facility. Arivo is now in 20 states, up from about 10 in pre-pandemic times, Chief Financial Officer Steve Pachella told Auto Finance News. The company […]
Compliance - Auto Finance News
WEBMastering Auto Finance Compliance: Top 3 GAP Refund Insights with Brian Reed. by Onbe. August 14, 2024. The auto finance industry is overdue for transformation. As increased attention from consumer protection organizations and …
Navy Federal Credit Union launches online car-buying platform …
WEBMar 12, 2021 · Navy Federal Credit Union is expanding on its digital car-buying capabilities with a new online purchasing platform powered by the online new- and used-car marketplace TrueCar. Navy Federal, like many auto lenders, is looking for ways to streamline car buying and financing online amid a shift in consumer preferences, Joe …
Westlake using digital refunds to save resources
WEBWestlake Financial has digitized auto loan refund payments to save time and devote more resources to core operations. The lender signed on with corporate payouts platform Onbe to replace its check-based program for auto loan overpayment refunds with a digitally based process, according to a Westlake release. The digital program launched in mid-July has …
Staying the course: Dan Berce, Auto Finance Executive of the Year
WEBDec 4, 2023 · Sell cars — of course. These four tenets have served as a beacon for GM Financial President and Chief Executive Dan Berce since General Motors acquired subprime lender AmeriCredit in 2010 following the 2008 credit crisis. The crisis ended with a government bailout of the Detroit-based automaker and divestiture of its former captive, …
TD Auto to integrate loan payments on bank app
WEBTD Auto Finance plans to launch an integrated digital experience in the third quarter that allows customers to manage their auto loan using the bank’s mobile app. “The folks who take out an auto loan through our dealer network, once they’re in our book, [we’re] making sure that they have a fully integrated mobile.