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Toyota Financial Serves Up First Euro-Denominated Green Bond
© Can Stock Photo / gina_sanders Toyota Financial Services issued its first-ever euro-denominated, unsecured green bond earlier this week, expanding the captive’s commitment to the sale of...
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6 Issues Lenders Are Tackling in Collections and Repossessions
Delinquencies and losses continue to climb across the industry, and while many lenders are pulling back their volume of originations, others turn to refining their collections and repossession...
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Toyota Financial Adds Consumer, Dealer Portals to New Loan Management System
Toyota Financial Services is “in production” with a customer-facing “self-service channel” that will give borrowers more control over their accounts and auto loans, said Gordon McGrath, the captive’s...
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Toyota Promotes 2 Executives in Risk, Treasury
Scott Cooke group vice president and chief risk officer, at Toyota Financial Services. Toyota Motor Co. announced Friday that Scott Cooke and Cindy Wang have been promoted to new positions within...
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RouteOne Debuts Online Contracting, Processes First Deal With Toyota
The dealership F&I software company RouteOne LLC says it has processed the industry’s first remotely executed auto finance contract via a deal through Toyota Financial Services. The “remote eSign...
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Tuning Into Tech: Why Lenders Struggle to Keep Up With the Digital Pace of...
© Can Stock Photo / peshkov Nearly two thirds of all Americans have smartphones, and nine of every 10 use the internet, according to a Pew Research study. Yet, online auto lending hasn’t kept pace with...
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AFN’s Top 10 Tech Stories of 2017
© Can Stock Photo / arekmalang Fintech earned the attention of the auto industry this year, as captives and lenders aimed for partnerships and the industry as a whole noted the importance of technology...
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Toyota Financial Tests At-Home E-Contracting in Pilot
Toyota’s new Plano, Texas, headquarters. Toyota Financial Services is running a pilot in which consumers can electronically sign all financial and ancillary product documentation before going into the...
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Regulatory Change Prompts Lenders to Halt Funding to Servicemembers Seeking GAP
© Can Stock Photo / jukree The Department of Defense (DoD) threw a wrench into servicemember compliance that’s causing lenders to stop funding contracts with GAP insurance to military members, lawyers...
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Lingering CFPB Consent Order Restricts 3 Lenders to Lower Dealer Markups
Via Flickr As the industry returns to the standard 200- to 250-basis-point cap on dealer markup, three lenders are bound to old consent orders with lower caps that put them at a competitive...
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Model Validation, Infrastructure Issues Hamper Machine Learning Implementation
Can Stock Photo / 75tiks LAS VEGAS — Lenders are becoming more adept at defining use-cases for machine learning, but infrastructure limitations and model validation are hindering implementation,...
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Multiple Speakers Set to Engage in Performance and Compliance Summit
© Can Stock Photo / kasto Auto Finance News is proud to welcome a full slate of diverse speakers to this year’s Auto Finance Performance & Compliance Summit to be held May 9-10 at the Omni Dallas....
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Toyota Financial Taps Insider as Next Chief Executive
Mike Groff, president and chief executive, Toyota Financial Services (right) and his successor Mark Templin (left). A leadership change at Toyota Financial Services will have long-time executive Mark...
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Getaround Poised to Meet Carshare Demand With $300M Investment
© Can Stock Photo / arekmalang Carsharing app Getaround raised $300 million in series D funding today — led by investments from SoftBank and Toyota Motor Corp. — at a time when the sector could get a...
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Toyota Accelerates Ride-Hailing Investments With New Uber Deal
Via Uber News Room Toyota Motor Corp. is investing $500 million in Uber Technologies Inc. as the OEM continues its efforts to become a true competitor in the autonomous vehicle space, the companies...
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New Toyota Financial CIO Prepares for Future of Mobility Services
Vipin Gupta, Group Vice President and Chief Information Officer, Toyota Financial Services Toyota Financial Services’ newly appointed Group Vice President and Chief Information Officer, Vipin Gupta,...
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5 Uses for Blockchain in Auto Finance
© Can Stock Photo / mtmmarek The hype around blockchain ranges from technology that serves as a convenient and more secure way to transact funds, to a revolutionary invention that’s going to remake and...
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Credit Unions Flourish as Interest Rates Rise, Auto Count Data Shows
© Can Stock Photo / karenr Credit unions are taking advantage of the rising interest rate environment as some have grown loan volumes in their state by more than 50% year over year, according to Auto...
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Captives at ABS East Confident in Used-Vehicle Values
(L-R): Angela Ulum, partner, Mayer Brown LLP; Stefan Glebke, president, BMW US Capital; Jamie Feehely, managing director securitization, National Bank; Steve Hetrick, treasurer, NMAC; Amy Sze,...
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Used-Car Values: How Lenders Manage Unexpected Appreciation
© Can Stock Photo / tuk69tuk Roughly two years ago, the automotive market and the economy were heading for a peak year where lenders were aggressive, competition was stiff, and the economic environment...
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