In May, Auto Finance News learned that Wells Fargo Dealer Services was in the process of consolidating its network of collection centers, which topped the 2017 list of most-read stories.
Wells Fargo Dealer Services merged 60 regional collection teams and eliminated 57 executives from regional centers. Separately, Executive Vice President Bill Katafias departed the bank.
Santander Consumer USA also saw executive turnover when its Chief Executive Jason Kulas left, and then paid $713 million in an exit deal to former Chief Executive Thomas Dundon.
And it’s no surprise that TCF Bank’s exit from indirect auto finance also made the list of most-read stories for the year.
Read more of the year’s top stories below, including the rise of car subscription services, Credit Acceptance’s subpoena, and what financial relieve lenders offered following the hurricanes.
- BREAKING: Wells Fargo Dealer Services to Merge 60 Regional Collection Teams
- Executive VP Bill Katafias Leaves Wells Fargo
- 5 Car Subscription Services Introducing a New Ownership Model
- Lenders Offer Financial Relief to Borrowers After Irma
- TCF Ends Indirect Auto Finance Business
- Top 6 Auto Finance Operational Changes to Watch
- Credit Acceptance is Served Subpoena From Mississippi AG
- Wells Fargo Eliminates 57 Executives From Regional Centers
- CEO Jason Kulas Splits From Santander
- Santander to Pay Former CEO Thomas Dundon $713 Million in Exit Deal
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