S&P Global Ratings: Extensions exceeding pre-pandemic level
Evidently, finance companies are instructing their collections departments to work even harder with customers who are having trouble maintaining their monthly payments. According to S&P Global Ratings’ latest U.S. auto loan asset-backed securities data shared with Cherokee Media Group on Tuesday, extensions as of September exceeded the pre-pandemic level from September 2019 for both subprime […]
November 09, 2026
Equifax recently hosted an informational webinar featuring Arra Finance chief executive officer Kenn Wardle and Stephanie Roberts, who is head of auto for PenFed Credit Union. Among the topics Wardle and Roberts discussed: —Stretching terms to fit monthly payments into consumers’ affordability limitations —Using alternative data and artificial intelligence —What conditions might be like in […]
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November 06, 2026
The Association of Dealership Compliance Officers (ADCO) and the National Automotive Finance Association both recently rolled out revamped resources to help dealers and finance companies navigate the ongoing task of maintaining processes within state and federal guidelines. ADCO hosted an educational webinar with Association of Finance & Insurance Professionals (AFIP) president Shannon Robertson and Hudson […]
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November 06, 2026
As TransUnion highlighted that originations in that segment already are on the rise, Agora Data this week expanded its dealer funding program to help dealerships better serve near-prime customers, including those with FICO scores of 660 and below. The fintech company providing capital, technology, and portfolio solutions for the automotive industry said its program now […]
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