The Consumer Financial Protection Bureau addressed a crucial element of financial services thrown into a tailspin because of the COVID-19 pandemic. On Wednesday, the CFPB released a policy statement outlining the responsibility of credit reporting companies and furnishers during the ... [Read More]

As the auto-finance industry adjusted annual percentage rates (APR) on both used- and new-vehicle paper originated in March, the possibility your portfolio contains contract holders who no longer have their job jumped significantly, based on the newest data released by ... [Read More]

Financial-services providers want to reach their customers to inform them about products and programs that can be beneficial during the coronavirus pandemic, and they’re asking for help from the Federal Communications Commission (FCC) to clear a regulatory path. This week, ... [Read More]

One of the founding members of the Automotive Intelligence Council is tackling perhaps one of the most daunting challenges ever — how collections will proceed once the coronavirus pandemic subsides. SubPrime Auto Finance News is hosting a free webinar featuring ... [Read More]

Hudson Cook partner Lucy Morris cautioned the financial-services industry not to set aside completely a task that might have been a top priority before the coronavirus pandemic arrived. “As the public health crisis spreads and worsens, one might think that ... [Read More]

On Friday, TransUnion shared its latest information about the depth and speed the coronavirus pandemic is impacting family budgets. TransUnion reported six in 10 Americans (59%) said their household income has been negatively impacted by the COVID-19 pandemic — an ... [Read More]

APCO Holdings, a provider and administrator of automotive F&I products and home to the EasyCare and GWC Warranty brands, announced on Friday that the company will begin providing free access to digital retailing tools and online training courses designed to ... [Read More]

As everyone reading this is well aware, the world is currently experiencing extraordinary circumstances that have upended daily life — now, there’s no such thing as “business as usual.” One question being posed by banks, finance companies and other lenders ... [Read More]

In light of how collections are being impacted by the coronavirus pandemic, FICO is hosting a free webinar on Tuesday to help the financial services community. Set to be a part of the session are Leah Dempsey, vice president and ... [Read More]

While auto-finance providers communicate with their customers impacted by the coronavirus pandemic, six different federal regulatory agencies encouraged institutions to work constructively with borrowers affected by COVID-19 while providing additional information regarding loan modifications. Meanwhile, Hudson Cook partner Anastasia Caton ... [Read More]