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Staying Ahead of the CFPB Arbitration Rule [SPONSORED]
When the Consumer Financial Protection Bureau was created, the Dodd-Frank Act gave the CFPB authority to study mandatory, predispute arbitration...
Westlake Reimburses Borrowers Charged Over 21% APR
The Massachusetts Division of Banks has ordered several fines and penalties against a number of buy-here-pay-here auto lenders -- including...
Buyers Unlikely to Bite on Uber Subprime Leasing Unit
Uber Technologies Inc.’s plan to consolidate or sell its subprime leasing arm, Xchange Leasing, would be a “smart move,” Grayson...
GM’s Maven Could Position Itself to Become Full-Fledged Rideshare
Maven, the mobility unit owned and operated by General Motors Co., is reportedly considering building out the platform to include...
Capital One Sees Charge-Offs, Delinquencies Rise in July
Capital One Financial Corp. reported a month-over-month rise in charge-offs and delinquencies by 0.06% and 0.36%, respectively, according to a monthly...
8 Tips for Improving Collection Practices
Delinquencies continue to climb to levels unseen since the financial crisis, which is why many lenders are focused on improving...
SuperMoney’s Direct Auto Aggregator Spotlights Full Cost of Interest Rates
The loan offer engine SuperMoney is launching a direct vehicle finance vertical today with roughly 20 participating auto lenders, the...
BB&T Boosts Subprime Portfolio 15%
Although BB&T Bank’s loan volume is declining overall, subprime outstandings grew 14.7% year over year, the lender said during its...
