Risk Management
Credit Unions Pilot Subprime Program
Fourteen credit unions will participate in an auto loan pilot program geared for low-income borrowers. The program, designed by the...
S&P Cautions Nonbank Lenders
Auto lenders have a decision to make: They can choose margins or volume. That was the message from a report...
It’s Toyota v. Ally in the Battle for Auto Finance Supremacy
The race for the No. 1 ranking in auto finance has come down to two horses: Ally Financial Inc. and...
Fitch: Alternative Lending Competition Could Loosen Underwriting
Just how big is the alternative auto lending space and how might it impact the mainstream lending market? The short...
The Mess at Condor Capital Signals Stiffer State Oversight
Legal action brought by New York State last month against Condor Capital Corp., a Long Island subprime lender accused of...
Valley Plans To Grow Auto in Florida
Valley National Bank announced on May 8 that it will acquire 1st United Bancorp. Auto lending accounts for almost 30%...
Alternative Credit Scoring Helps Widen Pool of Eligible Borrowers
There are many individuals that are currently invisible to lenders who would make great customers. Two credit-scoring companies have come up...
Alternative Credit Scoring Helps Widen Pool of Eligible Borrowers
Alternative scorers have built models that report more quickly and frequently than traditional scorers, and have access to consumers that...
