Nicole Casperson

Deputy Editor

As Deputy Editor of Auto Finance News, Nicole Casperson reports on the latest news, trends, and innovations impacting the auto finance space. Nicole is an experienced business reporter from Texas, and she previously specialized covering the housing and mortgage industry. Nicole received her Master of Arts in Mass Communication and her Bachelor of Arts in Journalism both from the College of Media & Communication, Texas Tech University.

Regulators urge ‘responsible’ use of alternative data

With lenders increasingly relying on nontraditional data to hone underwriting, five banking regulators have urged that lenders maintain “robust” compliance management programs that include “testing, monitoring and controls” to ensure consumer protection risks are addressed, according to a joint statement released this week. The regulators — Federal Reserve, Consumer Financial Protection Bureau, Federal Deposit Insurance […]

Nicole Casperson
December 4, 2019
Compliance & Regulation, Risk Management

Quantifying the likelihood of a data breach [webinar]

Across the industry, lenders are becoming dependent on a vast and expanding digital infrastructure. In turn, businesses are increasingly vulnerable to cybercriminals. Should a breach occur, lenders are pressed to quickly diagnose problems and identify solutions to ensure that customers’ personal information is protected. That’s the upshot from the latest webinar hosted by Auto Finance Excellence. Tune […]

Nicole Casperson
December 3, 2019
Auto Finance Excellence, Innovation & Technology, Risk Management

Online used-car retailer launches, scores $32M from investors

London-based used-car marketplace Cazoo has launched its platform today as the startup scored $32 million in funding led by venture capital firms General Catalyst and Mubadala Capital. Cazoo has raised more than $100 million since its founding in 2018. Cazoo, which strives to become the U.K. equivalent to Carvana, allows consumers to buy, sell, trade […]

Wells Fargo settles auto insurance suit for $432M

Wells Fargo & Co. and National General Insurance Co. have agreed to pay $432 million to resolve claims the companies engaged in an unlawful insurance scheme — an increase compared with a June 6 court filing that proposed a $393.5 million settlement. In the proposed class-action settlement, Wells Fargo agreed to pay $386 million, with […]

Nicole Casperson
November 26, 2019
Compliance & Regulation, Risk Management

Fintech task force deliberates pros and cons of ‘big data’

More than 2.5 quintillion bytes of data are created every single day. As such, lenders are collecting vast amounts of consumer information and calling it “big data,” a key product to generate insights, support decision making, and enable automation. Access to “big data” gives financial institutions more power over their consumers’ personal information and, in […]

Nicole Casperson
November 25, 2019
Compliance & Regulation, Innovation & Technology, Risk Management

Toyota Financial’s Vipin Gupta joins Auto Finance Innovation Summit for fireside chat

Auto Finance News is thrilled to host Toyota Financial Services’ Chief Information Officer Vipin Gupta at the 5th annual Auto Finance Innovation Summit for a fireside chat on Tuesday, March 10. The event will take place at the Omni San Diego on March 10-11, directly following the Auto Finance Sales & Marketing Summit. Check out […]

Nicole Casperson
November 25, 2019
Auto Finance Innovation Summit, Innovation & Technology

Ally Financial spotlights customers for ‘Banksgiving’ [Video]

Ally Financial has recognized three customers who selflessly contribute to their communities not just during the holiday season, but every single day, said company Chief Marketing and Public Relations Officer Andrea Brimmer. From running nonprofits to volunteering and fundraising, Ally is giving back to the customers that are giving their all to help their communities […]

Nicole Casperson
November 21, 2019
Auto Finance Excellence, Customer Experience

Massachusetts AG slaps used-car dealer with $1M fine

The Massachusetts Office of Attorney General Maura Healey has fined a used-car dealership and its owner for allegedly engaging in unfair and deceptive sales practices that violated the state’s consumer protection law. Framingham, Mass.-based AutoMax Preowned and its owner Howard Wilner have agreed to a $925,000 judgment that includes restitution to consumers to settle allegations […]

Nicole Casperson
November 20, 2019
Risk Management

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How aftermarket products give subprime lenders an edge

Fueled by off-lease volume and consumer demand, used-vehicle sales are nearing record levels. For lenders focused on used vehicles — particularly lenders with subprime practices — these are opportune times. However, lenders need to differentiate their services to scale a profit. By leveraging cloud, auto-decisioning and paperless lending technologies, lenders gain a competitive edge with […]

Aclaró expands into prime auto lending market

Aclaró Inc., the rapidly-evolving artificial intelligence company, has expanded its products and services to the prime auto lending market after successfully launching its disruptive technology in the subprime market. It moves into prime auto loans, permitting a range of lenders, borrowers, and auto dealers to take advantage of industry-leading insights to create better long-term financial […]

State of the subprime auto lending market

Working in the subprime auto lending market, the tendency is to focus on the threats and opportunities that are directly in front of us. We zone in on our specific subprime auto portfolios and do our best to obtain the highest risk-adjusted returns. Ultimately, it is easy to get stuck in the weeds rather than […]

Why low balance letters are not working

Regardless of the industry, there comes a time when certain business practices are followed even though they aren’t the most efficient or most profitable. The legendary Rear Admiral Grace Murray Hopper, a pioneer of computer programming, used to say that the most dangerous phrase in any language is, “We’ve always done it this way.” The auto […]

Aclaró releases EcoSystem 3.0, adds new board member

Aclaró, which provides disruptive technologies to the automotive, financial and government sectors, has released Aclaró EcoSystem 3.0 (ES 3.0), a game-changing toolset for vehicle purchasers, lenders and dealers, and added a new member to its board. With these announcements, the artificial intelligence software company continues the rapid advancement toward its overarching mission of helping lenders, […]

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Auto Finance News The News That Drives the Industry

Nicole Casperson

Deputy Editor

Regulators urge ‘responsible’ use of alternative data

Quantifying the likelihood of a data breach [webinar]

Online used-car retailer launches, scores $32M from investors

Wells Fargo settles auto insurance suit for $432M

Fintech task force deliberates pros and cons of ‘big data’

Toyota Financial’s Vipin Gupta joins Auto Finance Innovation Summit for fireside chat

Ally Financial spotlights customers for ‘Banksgiving’ [Video]

Massachusetts AG slaps used-car dealer with $1M fine

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