In what’s likely a positive sign for auto-finance companies of all sizes, both the Federal Reserve and S&P Global Ratings offered positive assessments of the current banking system for both national institutions as well as regional firms. According to the ... [Read More]

Venable partner Allen Denson offered some context that might help finance companies understand why the Consumer Financial Protection Bureau (CFPB) reached its second consent order in less than a year through an action involving what the regulator deemed to be ... [Read More]

One of the poignant moments during this week’s Auto Intel Summit happened on Tuesday during a panel discussion featuring representatives from the Auto Intel Council, a private, membership-based organization that includes leading intelligence companies in the automotive space. Executives from ... [Read More]

It appears subprime consumers took most advantage of refinancing availability in April provided through RateGenius. Soon after Cox Automotive discussed last month’s credit availability at the time of origination, RateGenius released its monthly Auto Refinance Rate Report, which highlighted that ... [Read More]

TransUnion is pretty bullish about the future prospects for the subprime segment of auto financing. While discussing the metrics contained in the Q1 2021 TransUnion Industry Insights report, senior vice president and automotive business leader Satyan Merchant explained how that ... [Read More]

The American Recovery Association (ARA) recently announced the new theme for the North American Repossessors Summit (NARS), which will return as an in-person event in October. That theme, “Resilience: Rising Above and Committed to Building a Stronger Industry,” ties in ... [Read More]

Perhaps the next round of coffee or drinks should be in celebration for the collections departments at auto-finance companies. The auto portion of the S&P/Experian Consumer Credit Default Indices declined again in April and now sits just 3 basis points ... [Read More]

Kroll Bond Rating Agency (KBRA) used the descriptor “well grounded” when analysts dissected April remittance reports to discover the credit trends that surfaced during the March collection period. KBRA indicated delinquencies for both non-prime and prime contracts decreased. Analysts said ... [Read More]

Car Capital continues to make moves to establish itself as an up-and-coming auto-finance technology company that strives to get any deal bought no matter the consumer credit background. After securing two separate rounds of funding, the company announced the appointment ... [Read More]

Cox Automotive reported this week that auto financing availability in April was the most accessible since April 2020, according to the Dealertrack Auto Credit Availability Index. But analysts acknowledged that making year-over-year comparisons is challenging, since they’re versus the outset ... [Read More]