Hyundai Gauges Risk of Widening Scope of Subscription Model

DALLAS —Hyundai Capital America’s Chief Risk Officer Marcelo Brutti detailed the risk analysis that went into the launch of the captive’s electric vehicle subscription program and the adjustments made last month. “We don’t know what the future looks like, but we know subscriptions could be one of the solutions,” Brutti told attendees at the Auto […]
  • William Hoffman
  • May 18, 2018
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OEMs Target Growing Powersports Market in Asia

As powersports sales remain relatively flat across the U.S., manufacturers and their financial partners are seeking expansion in Asia, where smaller vehicles are often better for navigating crowded streets. In the past month, three stories have come out of the market that gives a snapshot of the evolving landscape. Partnerships are driving innovation, OEMs are […]
  • William Hoffman
  • May 18, 2018
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Toyota to Raise Markup Caps Following Early Termination of CFPB Consent Order

Toyota Financial Services was approved for early termination of a 2016 consent order — which alleged the captive’s dealer compensation model resulted in higher interest rates for minority borrowers — and the lender intends to raise markup caps following the decision, the company told Auto Finance News. The consent order was lifted May 1, but is […]
  • William Hoffman
  • May 16, 2018
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Toyota to Raise Markup Caps Following Early Termination of CFPB Consent Order [FULL DETAILS]

Toyota Financial Services was approved for early termination of a 2016 consent order — which alleged the captive’s dealer compensation model resulted in higher interest rates for minority borrowers — and the lender intends to raise markup caps following the decision, the company told Auto Finance News.   The consent order was lifted May 1, but is […]
  • William Hoffman
  • May 16, 2018
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Auto Volume Slows as Lenders Pull Back, New Big Wheels Report Shows

Although loan volume has increased at a 40% pace since 2013 for the nation’s 10 largest lenders, the rate of growth is slowing as some lenders pull back, according to the newly released Big Wheels Auto Finance Data 2018. Big Wheels is produced by Auto Finance News and ranks the top 100 auto financiers by […]
  • William Hoffman
  • May 16, 2018
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FTC to Prioritize Deceptive Debt Collection in 2018

Last year, the Federal Trade Commission made a point to focus on deceptive debt collection tactics across all financial products and in 2018 the agency intends to keep up the pressure, Jim Elliott, assistant regional director for the FTC’s Southwest region, said during a presentation at the Auto Finance Performance and Compliance Summit. “We’ll continue […]
  • William Hoffman
  • May 15, 2018
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