The third development of the Federal Trade Commission’s investigation and lawsuit against Kole Consulting Group and its owner, Daniel Kole, and some of the defendants running American Vehicle Protection (AVP) became public this week. The newest proposed court order in ... [Read More]

Minutes from the June meeting of the Federal Open Market Committee showed the Federal Reserve sees how an official recession could surface later this year. And getting that retail installment sales contract bought by your dealership’s network of finance companies is likely part of the scenario drawing the attention of policymakers. According to the Fed’s meeting minutes ... [Read More]

A traditional measuring stick for subprime auto financing has been that consumers in this segment typically top out at a $400 monthly payment. The newest data from Edmunds perhaps showed how unlikely it is those subprime customers can swing the ... [Read More]

On Wednesday, the Federal Reserve Board said 23 banks passed its annual stress test, which policymakers explained shows that large banks are well positioned to weather a severe recession and continue to lend to households and businesses even during a ... [Read More]

A newly released TransUnion and J.D. Power study showed just how much risk is likely in your auto-finance portfolio nowadays. The study, “Impact of Unsettled Vehicle Values on Lenders and Consumers,” found that, as a result of well-established supply and ... [Read More]

In what’s become an annual visit during the Non-Prime Auto Financing Conference, hosted by the National Automotive Finance Association, Davis + Gilbert partner Joseph Cioffi spent some time with Cherokee Media Group’s Nick Zulovich. The pair discussed some of the ... [Read More]

In another episode recorded during this year’s Non-Prime Auto Financing Conference, Informed.IQ director of lending strategies Jessica Gonzalez delved into another way artificial intelligence can help finance companies. Gonzalez explained how AI can help to prevent bias from infiltrating the ... [Read More]

Micky Watts of Anderson Brothers Bank is the new president of the National Automotive Finance Association. Cherokee Media Group’s Nick Zulovich connected with Watts during this year’s Non-Prime Auto Financing Conference to recap his journey from joining the association more ... [Read More]

Highlighting what he called a “remarkable milestone,” DRN and MVTRAC president Jeremiah Wheeler posted a letter on the company blog announcing the appointment of Cortney Osborne as the new COO of MVTRAC. Wheeler wrote “this transition marks an exciting chapter ... [Read More]

Cherokee Media Group’s Nick Zulovich again tracked down Amy Martin of S&P Global Ratings during this year’s Non-Prime Auto Financing Conference hosted by the National Automotive Finance Association. Martin highlighted the auto ABS trends catching her attention most so far ... [Read More]