Risk Management
Charge-Offs Surge 50% as Wells Fargo Halts Repos After Scandal
Via Wikimedia Commons Wells Fargo Dealer Services’ indirect loan charge-offs increased nearly 50% year over year, driven primarily by the...
Advice to Lenders for Managing Vehicle Accident Risks in Chapter 13 Plans [SPONSORED]
While vehicle cramdowns in a Chapter 13 plan are fairly commonplace, vehicle accidents that result in a total loss create...
AutoGravity Partners With Subprime Financier Global Lending Services
The online and mobile financing app AutoGravity has added a new subprime lender to its suite of lenders with the...
Hyundai Uses Analytics to Initiate Earlier Recoveries
Hyundai Capital America is utilizing a recovery method called a “pull-ahead” program, which uses data and analytics to determine when...
MotoLease to Debut Payment-Reduction Rewards Program
2013 Honda CB500X MotoLease LLC will introduce a new point-system program in the first quarter of 2018 for lower-credit-tier borrowers...
Auto Declines Start to Impact Citizens’ Portfolio
Citizens Financial Group Inc. is starting to see the impact of its more disciplined, rate-focused approach to auto lending that...
Troubled Waters: Hurricanes Strain Vehicle Inventory, Boost Used Values
In the wake of the recent hurricanes -- Harvey in Texas and Irma in Florida -- the industry is beginning...
Leasing App Honcker Closes $3.6M Seed Round
Brooklyn-based Honcker Inc. last week announced it had closed a seed funding round of $3.6 million. The round was led by...
