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Chinese Tariffs to Complicate Underwriting, Slow Innovation, Analyst Says
In addition to increasing vehicle prices, the 25% tariffs imposed on Chinese parts and goods by the Trump administration will...
Despite Stronger May, ABS Credit Performance Likely to ‘Deteriorate,’ Rating Agency Says
After 16 straight quarters of improvement, credit quality in prime auto loan securitizations will start to "deteriorate," according to a...
CFPB Supervisory Highlights Provide Guidance on Deficiency Balances and Rebates
Under Richard Cordray’s Consumer Finance Protection Bureau (CFPB), it was “compliance malpractice” not to take heed of the Bureau’s enforcement...
Senators Urge Regulatory Oversight of AI to Prevent Discrimination
As auto lenders increasingly turn to technology like artificial intelligence to improve business practices, two senators are pressing regulators to...
Extended-Term Contracts Lower Credit Quality in Bank of the West Securitization
Extended-term contracts, an increased loan-to-value ratio, and a rise in the number of loans with lower Fico scores are responsible...
Decline in Used-Vehicle Inventory Dampens Dealer Sentiment
Used-car sales – a driver behind recent market strength – may slow as used-vehicle inventories shrink, according to Cox Automotive's...
Santander’s Calling System Still Violates TCPA, Court Finds
Santander Consumer USA’s Aspect calling system will still be considered an automatic telephone dialing system under the Telephone Consumer Protection...
Carvana Hits ABS Market With Second Transaction
Carvana is bringing $337.3 million in asset-backed securities to market in a deal that’s expected to close June 27, according...
