News Feed
Lenders Struggle with CFPB Auto Dealer Edicts
Lenders are being required to act as a “policeman” over the actions of their dealer clients—who are not regulated by...
Delinquencies Continue to Fall
Just when it seems like it can't get better, somehow it does. Delinquency rates are down yet again for the...
Tesla Launches Financing Unit
Tesla Motors Inc. has set up a financing arm to offer leases to corporate buyers of the company’s premium battery-powered...
CPS Grows First Quarter Net Income to $6.7 Million
Specialty finance company Consumer Portfolio Services, Inc. reported first quarter 2014 income that was around 75% more than what it reported...
GMF Goes ‘Nonprime’
What’s in a word? At General Motors Financial Co. apparently, quite a lot. GMF quietly this week changed its term...
The Pen Is Causing Cordray More Trouble
And they say letter writing is dead. The old-fashioned form of communications is getting a lot of attention in the...
Weak Santander Trading May Weigh on Ally IPO
Another auto lender is going public. This Thursday, Ally Financial will start trading on the New York Stock Exchange with...
Why it’s Important to Right-Size Your Compliance Staff
People skills and knowledge of both the auto industry and financial regulations – these are the most important qualities to...
