TD Auto Finance

Veterans nonprofit to host 9/11 remembrance stair climb event in over 90 locations nationwide

Retrieved on: 
Friday, September 8, 2023

As the 23rd anniversary of that pivotal day approaches, Team Red, White & Blue (Team RWB), a nonprofit organization forging America’s leading health and wellness community for veterans, will host more than 90 9/11 Stair Climb events in remembrance.

Key Points: 
  • As the 23rd anniversary of that pivotal day approaches, Team Red, White & Blue (Team RWB), a nonprofit organization forging America’s leading health and wellness community for veterans, will host more than 90 9/11 Stair Climb events in remembrance.
  • "The 9/11 Stair Climb is an opportunity for us to remember the fallen, honor the sacrifice, and stand alongside veterans as we look ahead with resilience and hope."
  • As an additional symbol of hope and courage - participants will be eligible to win gift cards from DFND, a 9/11 Stair Climb sponsor.
  • To learn more about participating in, supporting, or learning more about Team RWB’s 9/11 Stair Climb event, please click here .

CURO Announces Addition of New Independent Director Bob Hurzeler to CURO’s Board and Completion of Flexiti Sale

Retrieved on: 
Tuesday, September 5, 2023

“We are excited to welcome Bob to the CURO Board.

Key Points: 
  • “We are excited to welcome Bob to the CURO Board.
  • Mr. Hurzeler has served as the Chief Executive Officer of Flagship Credit Acceptance, an auto lender, since 2019.
  • “I am incredibly honored to join the CURO Board at this very important time as CURO continues to execute on its strategic plan,” said Mr. Hurzeler.
  • The updated outlook has no material changes from the prior published outlook other than reflecting the removal of the Canada POS Lending (Flexiti) segment.

TD Auto Finance Ranks Highest in National Non-Captive Prime Credit Dealer Satisfaction, According to J.D. Power

Retrieved on: 
Thursday, August 17, 2023

CHERRY HILL, N.J., Aug. 17, 2023 /PRNewswire/ -- For the fourth consecutive year, TD Auto Finance, a division of TD Bank, N.A., received the highest ranking in Dealer Satisfaction among National Non-Captive Lenders with Prime Credit, according to the J.D.

Key Points: 
  • CHERRY HILL, N.J., Aug. 17, 2023 /PRNewswire/ -- For the fourth consecutive year, TD Auto Finance, a division of TD Bank, N.A., received the highest ranking in Dealer Satisfaction among National Non-Captive Lenders with Prime Credit, according to the J.D.
  • TD Auto Finance achieved an overall score of 878 out of 1,000 in the non-captive national prime credit segment from J.D.
  • In addition, TD Auto Finance scored highest in all five factors measured by the study: Funding Process, Credit Staff Relationship, Finance Provider Offerings, Sales Representative Relationship and E-Contracting Process.
  • The 2023 U.S. Dealer Financing Satisfaction Study is based on responses from more than 3,500 auto dealer financial professionals.

As Artificial Intelligence Enters the Auto Loan Equation, Dealers Still Favor Face-to-Face Relationships with Lenders, J.D. Power Finds

Retrieved on: 
Thursday, August 10, 2023

Auto lending has become an increasingly electronic process, and dealership finance teams are generally supportive of new technologies like artificial intelligence (AI) being used in the loan adjudication process.

Key Points: 
  • Auto lending has become an increasingly electronic process, and dealership finance teams are generally supportive of new technologies like artificial intelligence (AI) being used in the loan adjudication process.
  • But when it comes to building business relationships, there is no substitute for an effective face-to-face sales meeting.
  • “Finance teams overwhelmingly prefer one-on-one interaction with lending sales reps in the dealership, but there is a catch,” said Patrick Roosenberg, senior director of automotive finance intelligence at J.D.
  • TD Auto Finance ranks highest in overall dealer satisfaction for a fourth consecutive year, with a score of 878.

RouteOne Integrates with Point Predictive's BorrowerCheck™, Giving Over 14,000 Dealerships Turnkey Access to Comprehensive Application Fraud Checks

Retrieved on: 
Wednesday, June 21, 2023

SAN DIEGO, June 21, 2023 /PRNewswire/ -- Point Predictive, the leader in artificial intelligence (AI) and machine learning (ML) fraud solutions for the auto lending industry, today announced the integration of BorrowerCheck™, into the RouteOne® credit application center.

Key Points: 
  • The BorrowerCheck solution leverages Point Predictive's proprietary risk database, which contains billions of data points unavailable on any other data source including the credit bureaus.
  • Additionally, the solution provides a phone-based authentication option that allows dealerships to replace time-consuming and costly knowledge-based authentication surveys.
  • Integrating BorrowerCheck 3.0 into the RouteOne platform gives auto dealers a powerful tool for identifying borrowers with income, employment, and identity-related risks.
  • The integration of BorrowerCheck into the RouteOne credit application center revolutionizes the loan origination process for auto dealerships.

TD Bank Announces Additional Locations and Opening of First Store in Charlotte, North Carolina

Retrieved on: 
Wednesday, May 3, 2023

CHERRY HILL, N.J., May 3, 2023 /PRNewswire/ -- TD Bank, America's Most Convenient Bank®, announced today that it plans to open six stores in the Charlotte metro in 2023. In addition to the previously announced locations at 6611 Carmel Road, 3310 Wilkinson Boulevard and 2020 Beatties Ford Road, the bank plans to bring critical financial services to the rapidly expanding metro area including new locations at 3061 North Sharon Amity Road; 345 S. Kings Drive; and 8179 Charlotte Highway, Indian Land, South Carolina.

Key Points: 
  • The initial set of stores is part of TD's plan to open approximately 15 stores in Charlotte, North Carolina, by 2025.
  • "These six locations in the Charlotte metro will help meet the community's need for access to additional banking locations, including low-to-moderate income and majority-minority areas."
  • TD Bank will hold a grand opening and community celebration for its first store at Carmel Road on May 12 and 13.
  • "TD Bank is a growth company and our expansion in Charlotte is a major milestone toward our goal of becoming a top bank in the U.S.," said Ernie Diaz, Head of U.S. Consumer Distribution, Wealth and TD Auto Finance, TD Bank.

TD Launches Black Entrepreneur Credit Access Program

Retrieved on: 
Monday, February 13, 2023

Program to provide equitable access to financing, support and financial education for Black-owned businesses

Key Points: 
  • Program to provide equitable access to financing, support and financial education for Black-owned businesses
    TORONTO, Feb. 13, 2023 /CNW/ - TD Bank Group (TD) takes another step toward positive change to address anti-Black racism and systemic discrimination with the launch of the Black Entrepreneur Credit Access Program .
  • A lending program founded on providing more equitable access to credit for Black entrepreneurs, who disproportionally face hurdles securing funding for their businesses, helping to foster economic inclusion.
  • "TD is committed to supporting Black communities by helping remove obstacles when it comes to loan access, wealth management and specialized advice," says Al Ramsay, Vice President, 2SLGBTQ+ & Black Customer Segments, TD Bank Group.
  • "Through our Black Entrepreneur Credit Access Program, we're thrilled to offer holistic support to Black-led businesses, including flexible access to credit, regional teams of specialized Account and Small Business managers as well as resources within our ecosystem of affiliated organizations."

FIRST CAPITAL REIT ANNOUNCES PLANNED GOVERNANCE CHANGES

Retrieved on: 
Tuesday, February 7, 2023

"I want to thank Bernie on behalf of the entire Board for his stewardship, mentorship of management, and many other important contributions to the Board and to First Capital.

Key Points: 
  • "I want to thank Bernie on behalf of the entire Board for his stewardship, mentorship of management, and many other important contributions to the Board and to First Capital.
  • I am honoured to serve as Chair of First Capital at this important time and to welcome Ira to the Board," said Mr. Douglas.
  • "First Capital will benefit from his extensive real estate and capital markets experience."
  • First Capital will continue to engage its unitholders to gain their perspectives, concerns and ideas to ensure the highest standard of governance excellence.

TD Bank Names Sheryl McQuade to Lead New England Metro

Retrieved on: 
Thursday, December 15, 2022

CHERRY HILL, N.J., Dec. 15, 2022 /PRNewswire/ -- TD Bank, America's Most Convenient Bank®, announced today that it has named Sheryl L. McQuade as the Regional President of its New England Metro.

Key Points: 
  • CHERRY HILL, N.J., Dec. 15, 2022 /PRNewswire/ -- TD Bank, America's Most Convenient Bank , announced today that it has named Sheryl L. McQuade as the Regional President of its New England Metro.
  • "TD is committed to New England and our operations in the region, and Sheryl will lead our market teams to further success."
  • TD Bank is deeply rooted in New England with more than 100 years of history.
  • TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America.

Malaysia Automotive Finance Industry is expected to grow at a CAGR of ~3% between 2022-2026 owning to increasing passenger car sales, upcoming brand-new car models and strict government regulations: Ken Research

Retrieved on: 
Wednesday, December 14, 2022

UAE Auto Finance Market is estimated to grow at a positive CAGR of ~17% in between 2022E and 2026F.

Key Points: 
  • UAE Auto Finance Market is estimated to grow at a positive CAGR of ~17% in between 2022E and 2026F.
  • The credit disbursed market fell and experienced a downfall due to factors like Covid outbreak and semiconductor chip shortage.
  • Automotive sales were also affected by higher shipping costs in 2021 as prices of shipping containers container freight rates have risen steeply.
  • The market is still expected to a good growth in Auto Finance Market of Philippines.