We revisit our roadmap once a month and make adjustments based on new features, opportunities, and requirements.” Sam Siddique, systems integrations manager at Exeter, says, “As a team, we labeled capabilities as must, should, could, and won’t deploy, and then we prioritized the deployment of our must-have features based on business needs. “We are a self-sufficient team, but Success Plans nailed what we needed to be more productive and use Workday to meet our goals,” says Blayney.Ī long-term plan that drives fast returns.įirst, a Success Plans consultant held a Feature Adoption Workshop to discover Exeter’s operational goals, and then helped Exeter create a personalized roadmap by aligning their vision with existing and upcoming capabilities in Workday. So, when the team discovered the planning, consulting, and networking options in Workday Success Plans, they signed up. However, the company’s four-person HRIS team had little time to learn about new Workday capabilities that could eliminate bottlenecks. Automating overhead processes for managers is especially important so they can spend more time coaching their employees.”įor years, Exeter has used Workday to manage its global workforce and improve employee experience. Paula Blayney, vice president of HR Information Systems (HRIS), says, “We make all our workflows as streamlined, simplistic, and consistent as possible. This is why Exeter continually tunes up their operational efficiency, right down to the processes that support recruiting, benefits, and even payroll. Delivering competitive rates and services starts behind the scenes in the way employees work. ![]() IT SolutionsĮxeter Finance has helped more than 1 million consumers purchase the cars they want by providing the financing solutions they need. Media Contactįor AG Healey Secures $5.Gain a flexible foundation that helps you move beyond the limitations of legacy ERP. This matter was handled in the AG’s Office by staff of the AG’s Insurance and Financial Services Division, including Peter Leight, Burt Feinberg, Matt Frank, Tim Hoitink, Maggie Wallace, Jessica Nario, Arwen Thoman, Erin Morris, and Division Chief Glenn Kaplan. Consumers with questions about settlement eligibility should contact AG Healey’s Insurance and Financial Services hotline at 1-88. Today, the Delaware Attorney General’s Office has also entered into a settlement with Exeter.Ĭonsumers eligible for payments from today’s settlement will be contacted by an independent trustee and the AG’s Office. The AG’s Office worked collaboratively with the Delaware Attorney General’s Office on this investigation. Previously, the AG’s Office secured $22 million from Santander for its role in financing subprime auto loans. This settlement is part of AG Healey’s review of securitization practices in the subprime auto market-an industry-wide investigation that remains ongoing. As part of the funding process, these financial institutions securitize the loans, funding them by selling investment notes. ![]() Exeter also allegedly mishandled servicing and collecting activities in violation of the Attorney General’s debt collection regulations.Ĭar loans to consumers with poor credit, known as subprime auto loans, are often made through contracts signed at the car dealership, but the loans are funded by non-dealer financial institutions, like Exeter. Courts have held that lending is unlawful under the statute if lenders do not have a basis for believing that borrowers will be able to repay their loans in normal course. The AG’s Office alleges that Exeter facilitated the origination of Massachusetts auto loans that the company knew or should have known were unfair and in violation of the state Consumer Protection Law. Exeter will also waive deficiencies on certain subprime loans and will ask the major credit bureaus to wipe all trade lines for involved subprime loans on consumers’ credit reports. ![]() This assurance of discontinuance, filed in Suffolk Superior Court, includes $4.675 million that will be available to provide relief to harmed borrowers and an $825,000 payment to the state. Our office will continue to investigate the subprime lenders, financiers, and securitizers, and protect consumers.” “Today’s settlement with Exeter provides millions of dollars in relief and repairs damaged credit. ![]() “This company’s loans put Massachusetts car buyers in economic danger,” AG Healey said. Boston - A finance company operating in Massachusetts, Exeter Finance LLC, will pay more than $5.5 million for its role in allegedly financing unfair, subprime auto loans for Massachusetts car buyers, Attorney General Maura Healey announced today.
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