AAA Bank Marks Entry Into Powersports With Refi Program in 2018

The financial arm of the American Automobile Association (AAA) is preparing to enter the powersports space in 2018 with an online, direct refinance product and, subsequently, after that launch a retail lending program, said Jeff Vander Linden, chief lending officer for Auto Club Trust Federal Savings Bank. “We’re going to be expanding out into motorcycle, […]

Tuning Into Tech: Why Lenders Struggle to Keep Up With the Digital Pace of Change

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 this tech revolution. Lenders remain mired in old legacy systems that aren’t equipped for the times, and smaller finance companies are struggling to catch up, […]

AAA’s Auto Club Trust to Add ReFi to Online Portal

Auto Club Trust, the banking unit of the American Automobile Association, is aiming to have the full suite of online offerings available to members by July, Jeff Vander Linden, chief lending officer, told AFN. The bank is aiming to add refinancing to the consumer portal, which currently offers pre-approval and co-borrower approval — where two people […]