Kroll Bond Rating Agency is seeing some finance companies — especially in non-prime — holding securitized pools of auto paper with contract modification levels as high as 21%. The noteworthy trends came via KBRA’s May auto loan indices when analysts ... [Read More]

Launcher Solutions president Nikh Nath joined the podcast to share his views about a topic relevant not only to auto financing, but also likely all segments of the automotive space nowadays. Nath, whose company is a technology provider specializing in ... [Read More]

Resolvion recently conducted an email survey of auto-finance provider inquiring about repossession activity once the coronavirus pandemic abates and recovery efforts intensify. One of the telling findings from the survey uncovered the depth of concern that finance companies have about ... [Read More]

Point Predictive finalized four different relationships this month with a variety of auto-finance industry companies that plan to use the firm’s products to curb fraud. The company that offers machine learning solutions now is working with MidAtlantic Finance, TCI, Nicholas ... [Read More]

Darwin Automotive said this week that it released the final application needed for Virtual F&I orchestrated by JM&A Group. Darwin highlighted that it’s giving the tool Documents on Demand for free to all new and previous dealer customers. The company ... [Read More]

Perhaps again reflecting how COVID-19 is turning data topsy-turvy, S&P Dow Jones Indices and Experian reported the auto-finance default rate in May came in at the lowest rate in 10 years. According to the latest update of the S&P/Experian Consumer ... [Read More]

TransUnion is looking to assist finance companies and insurers as millions of consumers continue to request and receive various payment accommodations because of the coronavirus pandemic. Last week, TransUnion officially launched its CreditVision Acute Relief Suite that’s designed to help ... [Read More]

PAR North America launched centralized title warehousing and electronic title processing services that the business unit KAR Global said is in compliance with all state regulatory requirements. PAR explained its title services can save customers additional staffing and storage costs ... [Read More]

Representatives from the American Financial Services Association, the American Recovery Association, the National Automotive Finance Association, and the National Independent Automobile Dealers Association let out of collective exhale of relief after what they each described as a significantly damaging piece of ... [Read More]

The Consumer Financial Protection Bureau was on the receiving end of two separate actions this week aimed at dramatically changing how the agency operates. First, a collection of consumer advocate groups is suing the CFPB and director Kathleen Kraninger for ... [Read More]