Post Tagged with: "Wells Fargo"

Know Before You Owe: Regulatory Lessons Learned From Auto Finance

Know Before You Owe: Regulatory Lessons Learned From Auto Finance

by February 23, 2017 at 11:00 am

At the very least, lenders should identify who in the organization is responsible for compliance, and dedicate as many resources as possible toward creating a compliance system that management deems appropriate for the company’s size, complexity, and consumer risk profile, David E. Gemperle, partner at Nisen & Elliott LLC, toldRead More

Wells Fargo CDF Exec Elected to 2017 MIC Board

Wells Fargo CDF Exec Elected to 2017 MIC Board

by January 5, 2017 at 1:35 pm

Paul Puma, executive vice president of Wells Fargo Commercial Distribution Finance, was elected to serve on the 2017 board of directors for the Motorcycle Industry Council, the association announced on Tuesday. Additionally, Arnold Ackerman and Andy Leisner have each been reelected to the MIC board, according to a company pressRead More

Jeremy Jansen, president of Wells Fargo Commercial Distribution Finance's motorsports group.

Wells Fargo CDF Sets Sight on Increasing Tech Investments, Dealer Support

by January 3, 2017 at 11:30 am

Wells Fargo Commercial Distribution Finance has shifted focus in the fourth quarter toward increasing technology investments and building up its staff to provide increased dealer support, after focusing on the company’s integration with Wells Fargo & Co. for most of 2016, said Jeremy Jansen, president of the company’s motorsports group.Read More

Powersports Finance’s Top 5 Compliance Stories of 2016

Powersports Finance’s Top 5 Compliance Stories of 2016

by December 29, 2016 at 11:30 am

The Consumer Financial Protection Bureau dominated much of the headlines in auto finance in 2016, and several lawyers advised powersports lenders to remain cautious and diligent with compliance practices as a result. Federal regulators continued to reach numerous consent orders and level fines against various auto lenders. Wells Fargo &Read More

Startup Scooter Manufacturer Aims to Boost Urban Mobility

Startup Scooter Manufacturer Aims to Boost Urban Mobility

by December 22, 2016 at 11:30 am

Nordstom shoppers can pick up an URB-E electric scooter while gift shopping this year, but only through December. The promotional sale is part of startup URBAN626 LLC’s effort to boost sales and brand awareness, said Evan Saunders, the manufacturer’s head of sales and marketing. URB-E is an American-made, 35-pound, foldable electric scooter builtRead More

Lenders Should Reevaluate Repo Notices

Lenders Should Reevaluate Repo Notices

by December 15, 2016 at 12:15 pm

Powersports lenders need to be cautious and constantly “reevaluate” repossession practices, particularly in relation to the Servicemembers Civil Relief Act, following the recent case against Wells Fargo & Co., said John Redding, partner at BuckleySandler LLP. The SCRA is an area that compliance is expected, regardless of the company’s sizeRead More

REV Group Partners With Wells Fargo CDF for Inventory Financing

REV Group Partners With Wells Fargo CDF for Inventory Financing

by October 31, 2016 at 12:00 pm

Specialty vehicle manufacturer REV Group Inc. partnered with Wells Fargo Commercial Distribution Finance to launch REV Financial Services, a new wholesale captive program for dealer and distributor financing across the U.S. and Canada, the companies announced on Oct. 20. REV Financial Services will provide specialty vehicle and manufactured equipment dealers with a range ofRead More

Wells Fargo CDF Launches CDFconnect Program

Wells Fargo CDF Launches CDFconnect Program

by October 27, 2016 at 10:15 am

Wells Fargo Commercial Distribution Finance launched a full-service solutions program, CDFconnect, in the third quarter, to offer its dealer and OEM partners training, best practices, and succession planning, said Jeremy Jansen, the wholesale financier’s president of the motorsports group. CDFconnect combines CDF’s 60 years of industry and inventory financing experience withRead More