A portion of the contract holders in your outstanding auto finance portfolio might be facing an additional major payment obligation next month when forbearance for federal student loans expires. And TransUnion reported 36% of consumers already holding student loan debt ... [Read More]

The newest hire by F&I Sentinel brings with him more than 30 years of professional experience in numerous roles at organizations including Flagship Credit, Wells Fargo, Fiserv, Sagent Lending and defi SOLUTIONS. This week, the compliance and regulatory risk mitigation ... [Read More]

Along with recapping the regulator’s notable activities associated with auto financing, the latest Supervisory Highlights report from the Consumer Financial Protection Bureau (CFPB) also touched on debt collection. The CFPB reiterated that it has supervisory authority to examine certain institutions ... [Read More]

Last week, the Consumer Financial Protection Bureau (CFPB) released its latest Supervisory Highlights report. Officials said they found unfair, deceptive, and abusive acts or practices across many consumer financial products, including auto financing. When getting into specific findings, the CFPB ... [Read More]

Southern Auto Finance Co. (SAFCO) has a new chief financial officer. On Monday, the finance company announced the transition of Jason Person becoming SAFCO’s new CFO. Person succeeds Gary Stein, who is retiring after 22 years at SAFCO. According to ... [Read More]

Saying “just text it to me,” might be OK when asking for something harmless from a friend or family member. But asking potential vehicle buyers to send non-public information (NPI) over text messages, emails and other insecure methods to dealership ... [Read More]

Solutions by Text (SBT) announced highlights of its upcoming conference focused on accelerating revenue through the convergence of real time payments within rich messaging experiences, preparing finance companies for 2024 regulatory changes and more. Its FinText Conference also includes leading ... [Read More]

Westlake Financial recently shared how much the finance company is using artificial intelligence and machine learning nowadays. According to a news release, Westlake’s proprietary AI and ML tool, Visorbot, computes 800,000 applications per day. In a single month, Westlake said ... [Read More]

The Federal Reserve raised interest rates another 25 basis points this week to leave the federal funds rate at 5.25-5.5%. But two leading automotive economists as well as another top industry analyst remain hopeful on two important fronts for dealerships ... [Read More]

Automotive Personnel founder Don Jasensky paid another visit to be on the Auto Remarketing Podcast for a discussion about the employment front. Jasensky shared his perspectives with Cherokee Media Group’s Nick Zulovich about which departments finance companies are looking to ... [Read More]