Chase 4Q16 Auto Originations Drop 14% YoY
Chase Auto Finance ended 2016 on a decline – as far as auto originations went. The company originated $8 billion...
Honda Exec: Longer-Term Loans May Hurt Consumers, Not Help
The growing popularity of longer-term loans aided last year’s record breaking 17.5 million cars sold – and that might not...
TransUnion Settles with the CFPB
TransUnion agreed to pay the Consumer Financial Protection Bureau $19.4 million in the fourth quarter of 2016, for practices relating...
What a Ride! Four Takeaways from 2016
The year of 2016 was a year of many things. It was a year in which the industry made a...
CarMax Ups Loss Allowance in 3Q17
CarMax Auto Finance upped its provisions for loan losses in the quarter ended November 30, Tom Reedy, chief financial officer,...
Credit Union Aggregate Aims to Fund 1.2 Million Auto Loans by Yearend
CU Direct’s aggregate of credit unions expects to originate “in excess of” 1.2 million indirect auto loans through its CUDL...
An Internal Assessment of Risk is Beneficial in a CFPB Exam, Regulator Says [VIDEO]
A lender’s risk assessment, conducted prior to an exam by the Consumer Financial Protection Bureau, is viewed as a “positive”...
CPS Set Up to Be ‘Recession Resistant,’ CEO Says
Consumer Portfolio Services Inc. has a two-year revolving line of credit, with a one year amortization period, which -- while...
