Marcie Belles

Vice President

Marcie D. Belles joined Royal Media Group in 1996. Marcie spent 17 years covering auto finance, most recently as managing editor of Auto Finance News. In 2001, Marcie won an award from the Newsletter & Electronic Publishers Foundation for her coverage of GE Capital Corp.’s exit from the auto finance business. She assumed her current position in 2014, running all of Royal Media’s auto finance data and research initiatives. She graduated cum laude from Yeshiva University in New York, and lives in Houston with her husband and two sons.

FASB extends accounting deadline — for some

Smaller banks and credit unions now have until 2024 to comply with the Financial Accounting Standards Board’s new credit loss accounting rule. The standard, called Current Expected Credit Losses — or CECL, for short — requires lenders to record expected future losses as soon as loans are originated. The board voted yesterday to extend the […]

Marcie Belles
October 18, 2019
Compliance & Regulation, Credit Performance, Earnings

A blossoming partnership: An inside look at Santander’s deal with FCA

From the October feature: Since revising their financing alliance this summer, Santander Consumer USA and Fiat Chrysler Automobiles appear to have smoothed the speed bumps that had hindered the Chrysler Capital partnership for years. The original partnership had consistently been weighed down by missed penetration rate targets. Quarter after quarter, Santander would cite “the competitive […]

Marcie Belles
October 17, 2019
Customer Experience, Exclusive, Features, Risk Management, Sales & Marketing

Chrysler Capital eyes floorplan growth

Chrysler Capital’s floorplan decline will likely see an about-face in the coming months, Shawn Allgood, head of Chrysler Capital and auto relationships for Santander Consumer USA, told Auto Finance News. “Over the course of the last few months, we've picked up some really big dealers,” Allgood said. “And I think you're going to see that […]

Ally sets record with used-car volume

Used-car loan originations hit $5.24 billion at Ally Financial in the second quarter, the highest level ever for the lender. Ally initially surpassed the $5-billion mark for used-car volume in the first quarter, notching $5.15 billion in originations. Used volume has been on an upward trajectory at Ally since the third quarter of 2017. “We […]

American Credit Acceptance adds collectors as originations climb

Originations shot up 71% year over year at American Credit Acceptance, to $510 million last quarter, according to a presale report from Kroll Bond Rating Agency. The report details ACA’s latest securitization, a $302.8 million transaction slated to close Aug. 22. On the heels of its loan growth, ACA added 12 employees to its servicing […]

Marcie Belles
August 13, 2019
Capital Markets, People, Risk Management

Credit Acceptance discloses 3 new investigations

Credit Acceptance Corp. (CAC) is at the center of regulatory actions initiated over a two-week period by the Consumer Financial Protection Bureau (CFPB) and the attorneys general of Mississippi and New York, the company disclosed in a July 30 10-Q filed with the SEC. “We don't have any insight into when and why those things […]

Ford Credit scales back leasing

Ford Motor Credit’s lease volume has dropped to its lowest level in more than four years, according to an analysis by Auto Finance News. The captive originated 81,000 leases last quarter, down 22% year over year. In the past four years, Ford Credit’s leasing volume has dropped below 90,000 units only four times — once […]

Despite Exeter’s growth, CarMax-sourced share of latest ABS stays flat

Although Exeter Finance’s portfolio has grown 19% through midyear, the portion of originations stemming from CarMax dealerships has remained steady, according to a pre-sale report from Standard & Poor’s. Exeter’s portfolio hit $5.1 billion as of June 30, up from $4.3 billion at the end of 2018. Yet the ratio of CarMax loans in Exeter’s […]

Page 1 of 1012 3 4 5 » ...Last »

Why low balance letters are not working

Regardless of the industry, there comes a time when certain business practices are followed even though they aren’t the most efficient or most profitable. The legendary Rear Admiral Grace Murray Hopper, a pioneer of computer programming, used to say that the most dangerous phrase in any language is, “We’ve always done it this way.” The auto […]

Aclaró releases EcoSystem 3.0, adds new board member

Aclaró, which provides disruptive technologies to the automotive, financial and government sectors, has released Aclaró EcoSystem 3.0 (ES 3.0), a game-changing toolset for vehicle purchasers, lenders and dealers, and added a new member to its board. With these announcements, the artificial intelligence software company continues the rapid advancement toward its overarching mission of helping lenders, […]

Compliance considerations when buying and selling customer leads

As an auto lender, you’re likely aware of the due diligence required when purchasing consumer leads. Lenders must exercise the same diligence when referring — or selling — declined leads downstream. Purchasing customer leads via referral programs has adapted as technology has allowed online lenders to communicate instantaneously with potential customers. Due to the nature […]

An inside look at 2 new credit scoring models

Ever since the concept of loaning money was conceived, lenders have been trying to find the ideal way to predict who will pay them back and who will default. Over time, methods for evaluating the likelihood of borrower repayment progressed from individual human judgment calls to more objective credit bureaus and reports. Today, scores often […]

Tech Partnerships Help Drive Digital Transformation in Auto Finance

Aclaro, a company that develops tools for companies in the automotive industry, recently announced game-changing news that validates its mission of helping small, scrappy dealerships compete with larger competitors. As part of its efforts to deliver five-star service for its clients, Aclaro joined the Microsoft Partner Network, allowing the company to continue building its business […]

How Lenders Should Leverage the Power and Promise of Artificial Intelligence

Technology does not wait for rules or regulations. Artificial intelligence (AI) is no exception. The potential profit associated with fintech speeds up innovation, but it also increases the risk of implementing machine intelligence without assessing potential hazards. Simply put, we do not understand how some machines solve problems with deep learning algorithms. This risk can […]

See All sponsored

Auto Finance News The News That Drives the Industry

Marcie Belles

Vice President

FASB extends accounting deadline — for some

A blossoming partnership: An inside look at Santander’s deal with FCA

Chrysler Capital eyes floorplan growth

Ally sets record with used-car volume

American Credit Acceptance adds collectors as originations climb

Credit Acceptance discloses 3 new investigations

Ford Credit scales back leasing

Despite Exeter’s growth, CarMax-sourced share of latest ABS stays flat

From Our Partners

Sign Up

Latest Magazine Issue

Latest Tweets

AFN Portfolio

Events

Charity

News Tip