Auto Finance Excellence (www.autofinanceexcellence.org) is proud to present The Roadmap, its new podcast on all things auto finance. This podcast delves into how auto finance works, and what are the deep trends industry executives should know about. Auto Finance Excellence is presented by Auto Finance News (www.autofinancenews.net). If you are in auto finance, this is your podcast.
While the Consumer Financial Protection Bureau mulls industry feedback on its proposed amendments to the Fair Debt Collection Practices Act, lenders should be proactive in their compliance strategies to prepare for the bureau’s final ruling. In this episode of The Roadmap, Veros Credit’s Chief Legal Officer Robert Tennant chats with Auto Finance Excellence to discuss what the impact on lenders will be if the new debt collection rules are implemented in their current form and how lenders will have to adapt in order to work with debt collection firms.
Emerging financier Lendbuzz is using learning algorithms to tap into a population of 45 million potential auto loan customers. Rather than rely on traditional credit scores, Lendbuzz analyzes educational and employment histories of foreign-born U.S. residents in their origin countries, along with their earning potential and cash flow. Three years into the business, Lendbuzz has secured $150 million in debt and equity financing and has since grown originations to exceed $100 million since the company launched. In this episode of The Roadmap, Auto Finance Excellence chats with Amitay Kalmar about the company’s plans for the fresh capital, geographic growth and tech enhancements to propel the startup onto the main stage. Featuring Amitay Kalmar, founder and CEO, Lendbuzz