What at least one industry expert cautioned about potentially happening — the proliferation of an Illinois regulation connected with the Military Lending Act (MLA) — is gaining federal momentum again on Capitol Hill. Last week, the American Financial Services Association ... [Read More]

The industry has seen more than its fair share of changes since the beginning of 2020. With much of the country on lockdown early in the pandemic, dealers were forced to expedite their digital retailing operations, enabling consumers to not ... [Read More]

Mayer Brown partners Ori Lev, Brian Stief and Kerri Elizabeth Webb compiled a robust analysis of the Consumer Financial Protection Bureau’s authority to enforce a prohibition against abusive acts and practices in connection with the provision of consumer financial products ... [Read More]

With the potential for repossession volume to rise, Recovery Industry Services Co. (RISC) wants to provide finance companies with a path to agents who can complete the task within federal and state guidelines. On Tuesday, the firm launched the all-new ... [Read More]

With director Rohit Chopra firmly in place, the Consumer Financial Protection Bureau also has filled several high-profile regulatory positions, including the agency’s assistant director for the office of supervision policy and assistant director for the office of enforcement. Those two ... [Read More]

Dealers who are itching to grow their business now might be able to secure more affordable resources from Westlake Capital Finance (WCF). The Westlake Technology Holdings subsidiary announced last week that qualified dealers can be approved for new commercial real ... [Read More]

Not surprising to economic experts, the Federal Reserve stood pat on current policy associated with interest rates. However, Cox Automotive chief economist Jonathan Smoke pointed out one metric that might have an even more pronounced impact on auto financing than ... [Read More]

After TransUnion released its Q3 2021 Quarterly Credit Industry Insights Report (CIIR), Satyan Merchant made a return appearance on the Auto Remarketing Podcast. The senior vice president and automotive business leader at TransUnion not only delved deeper into the third-quarter ... [Read More]

Kroll Bond Rating Agency (KBRA) weighed in on another element to the completion of Stellantis’ acquisition of First Investors Financial Services Group that created a new captive finance company for the automaker. While First Investors has been renamed Stellantis Financial ... [Read More]

Finance company executives and managers know the impact from rising vehicle prices has to come to roost somewhere. TransUnion’s Q3 2021 Quarterly Credit Industry Insights Report (CIIR) offered some interesting data to illustrate the point. The average amount financed per ... [Read More]