Risk Management
CapOne Moves to Exit Powersports Industry
After a review of its “partnerships business,” Capital One Financial Corp. has decided to “wind down” its powersports lending “over time,” Alli...
Monday Looms for CFPB’s Larger Participants Rule
The long-awaited Larger Participants rule is expected to take effect Aug. 31 at the Consumer Financial Protection Bureau, for nonbanks that...
Record Lease Share in 2Q
Leasing hit a record 26.9% of new-vehicle volume in the second quarter, according to Experian Automotive. That was barely ahead...
CREDIT: Subprime Inches Up as Delinquencies Remain ‘Under Control’
Auto loan delinquencies are "under control," despite a continued rise in subprime lending, while recent concern about a so-called subprime...
First Associates to Provide Servicing for Nonprime Lender Crediauto
First Associates Loan Servicing LLC, a San Diego, Calif.-based third-party loan and lease servicer, has partnered with Crediauto USA Financial...
Enterprise, Chase Roll Out Auto Finance Venture
Chase Auto Finance is rolling out private-label, retail auto loans for Enterprise Car Sales, the used-car retail arm of Enterprise...
Lower 2Q Delinquencies Despite Subprime Increase: TransUnion
Despite an increase in subprime auto loans, average delinquencies overall reached the lowest point in two years, according to credit reporting...
Deadline Nears for Auto Finance Excellence Awards
With three weeks to go before the Sept. 11 deadline, now’s the time to submit nominations for the 2015 Auto...
