BECU, Fifth Third, NMAC, SCUSA execs join Auto Finance Summit 2023
Executives from BECU, Fifth Third, Nissan Motor Acceptance Co. and Santander Consumer USA will take the stage to discuss preparation amid economic challenges on Monday, Oct. 30, at 9:55 a.m. during Auto Finance Summit 2023, Oct. 29-31 at the Bellagio in Las Vegas.
The Federal Reserve today left its benchmark interest rate unchanged following several rate hikes over the past year that brought the funds rate to a range of 5.25% to 5.5%. Rising interest rates have prompted affordability concerns industrywide and forced many lenders to navigate a challenging environment.
The panel invites senior executives at large auto lenders to discuss inflation, squeezed credit markets and how to prepare for the year ahead.
Jayson Amandus, vice president of indirect lending at BECU, has more than two decades of experience in financial services and indirect lending. He leads a team that manages 380 dealerships across Washington, Oregon, Idaho and South Carolina with a $2.5 billion indirect auto and recreational vehicle portfolio. Amandus also has had leadership roles at Ford Credit and Wells Fargo.
Craig Harter, head of indirect lending at Fifth Third Bank, began his auto finance career in finance and insurance more than 30 years ago. His experience includes underwriting, collections and funding, with roles at Bank One, Citizens Bank and BMO Harris Bank.
Andre Medeiros was named vice president of operations at Nissan Motor Acceptance Co. (NMAC) in August and is responsible for running the lender’s strategic planning and growth operations. He joined NMAC in June 2013 and previously served as managing director of Nissan Renault Finance Mexico.
Chris Mitcham, SVP of corporate development and service for others at Santander Consumer USA, leads the lender’s efforts to foster new OEM partnerships, develop EV strategies, diversify origination opportunities and seek incremental revenue opportunities.
The summit provides networking and professional development opportunities through sessions on topics that include EV financing, the subprime market, capital markets, and technology initiatives.
Learn more and register for the Auto Finance Summit.