GWC Warranty promotes manager to VP post

SubPrime Auto Finance News Staff

GWC Warranty, a provider of used-vehicle service contracts and related F&I products sold through dealers, recently promoted Cynthia Bodden to the position of area vice president of sales for the company’s Mid-Atlantic region. In her role, the company highlighted that Bodden — who was previously the GWC... Read More

Sword Apak elevates exec to global sales manager

SubPrime Auto Finance News Staff

Sword Apak, which provides financial systems to the global asset finance and banking sectors, recently appointed Kris Turner to head up its expanding global sales efforts, where momentum has seen the company’s interest expand across the United States, Europe and Australia during the last three years. The company... Read More

Nick Zulovich, Senior Editor

In the words of General Motors Financial president and chief executive officer Dan Berce, the paper the captive is adding “continues to skew to more prime originations.” Berce made his latest proclamation when GM Financial shared its third-quarter results, which included $2.2 billion of prime originations.... Read More

Nick Zulovich, Senior Editor

Some finance companies might see success as the more originations, the better. That’s not quite the case at Consumer Portfolio Services as a strategy chairman and chief executive officer Brad Bradley thought would be successful during the worst part of the Great Recession nearly 10 years ago is turning out to be the... Read More

SubPrime Auto Finance News Staff

More than 300,000 additional credit union members might be using GrooveCar’s platform to make a vehicle purchase. The buying resource enjoyed another busy quarter and signed up 25 new partners in Q3. “GrooveCar puts the platform in the hands of members, literally. Shop from any place at any time. Credit... Read More

SubPrime Auto Finance News Staff

Credit Acceptance and Consumer Portfolio Services each pushed out securitizations recently, and the combined total offered by the auto finance companies that specialize in subprime paper reached nearly $550 million. The larger of the two developments was from Credit Acceptance, which on Thursday announced the completion... Read More

Nick Zulovich, Senior Editor

Craig Schleicher of PwC sees robotic features having a much greater presence in auto finance in the not-so-distant future. No, C-3PO and R2-D2 from Star Wars likely aren’t taking over underwriting and servicing vehicle installment contracts, but the manager of consumer finance at PwC described how robotic... Read More

Nick Zulovich, Senior Editor

While the agency director expressed his disappointment, dealerships and auto finance companies can breathe a big sigh of relief; Congress has stopped the Consumer Financial Protection Bureau’s arbitration rule. With Vice President Pence casting the deciding vote late on Tuesday night, a Congressional Review Act... Read More

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