The reported acknowledgement by the Consumer Financial Protection Bureau that its use of disparate impact could over-count potential discrimination by indirect auto finance companies continues to churn the industry’s frustration with how the regulator operates. Paul Metrey, chief regulatory counsel ... [Read More]

The National Automotive Finance Association enjoyed another great turnout for the opening module of its Consumer Credit Compliance Certification program. The most recent session last week in Irvine, Calif., drew 78 participants from 55 different companies. Hudson Cook partner Patty ... [Read More]

Perhaps while finance companies consider changes to underwriting practices as the fourth quarter approaches, Black Book’s latest white paper shows how executives and managers should be using collateral and residual values in the underwriting process. Black Book highlighted that the ... [Read More]

A West Virginia franchised dealer group again found itself involved in a regulatory matter with the Federal Trade Commission. Ramey Motors recently agreed to pay an $80,000 civil penalty to settle a lawsuit the FTC brought last year. The FTC ... [Read More]

Consumer Portfolio Services recently closed its third term securitization of the year. The company pointed out the transaction is CPS’ 18th senior subordinate securitization since the beginning of 2011 and the first securitization to receive a triple-A rating on the ... [Read More]

GWC Warranty bolstered its offerings of vehicle service contracts and related finance and insurance products by recently introducing a new 5-year, 100,000-mile used model coverage term length and a Service Lane product. Based on input from dealers across the country, ... [Read More]

Perhaps what Equifax chief economist Amy Crews Cutts shared about the thinking of most observers means the Federal Reserve will deliver finance companies the gift of an interest rate adjustment a little more than a week before Christmas. With the ... [Read More]

In a move to highlight the important work being completed by F&I offices at franchised dealerships, the National Automobile Dealers Association rolled out an online campaign this week to tell stories of consumers who saved money by financing new-vehicle purchases ... [Read More]

Perhaps underwriting standards aren’t quite as relaxed now as they might have a been a few quarters ago, but Fitch Ratings still is expecting to see “new entrants” into subprime auto financing during the near term. Along with touching on ... [Read More]

Even one of the experts who specializes in the certified pre-owned vehicle market and is set to appear at Used Car Week for the fifth year in a row joined the discussion about what moves the Federal Reserve might make ... [Read More]