Strike Acceptance takes aim at ABS market (Under the Hood)
While a dozen credit unions have debuted securitizations in the past few years, fledgling finance company securitizers have been a...
CFPB complaints dwindle in March (Under the Hood)
While consumers flooded the Consumer Financial Protection Bureau with complaints in January and February, grievances through mid-March have slowed to...
A university professor’s dive into auto loan data
An episode of dealership reality show “King of Cars” spurred Rice University finance professor James Watson to spend five years...
Lenders recruit for sales, IT roles
With an eye toward expansion, auto lenders are scouting sales and IT staff as the need for collection personnel wanes. ...
State lawmakers gear up for enforcement
A week before the presidential inauguration, the Consumer Financial Protection Bureau preemptively handed off its enforcement baton, and a handful...
Auto fintech investment surges 70% in 2024
Venture capitalists pumped $2.3 billion of capital into auto fintechs in 2024, up $1 billion year over year and just...
Consumers misclassify issues in new CFPB complaint category
A newly created category in the Consumer Financial Protection Bureau’s complaint database generated nearly 3,000 grievances last year, 23% of...
Regulatory uncertainty impedes AI adoption
Generative AI is creating a chicken-and-egg dilemma in the financial services sector. Regulators are grappling with how to oversee the...
