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Sound the Credit Quality Alarm
It's time to sound the alarm. Weakness has taken hold of the credit quality within securitized subprime auto assets. Deutsche...
S&P Confirms Santander’s Income Verification Claims, Still Expresses Concern
The lack of income verification in subprime auto loan securitizations is a “concern” for the consistency and performance of the...
Citizens to Refresh Originations Platform
Via Flickr | Brad Clinesmith Citizens One Auto Finance is “refreshing” its originations platform to speed the credit approval process...
National Powersport Auctions Acquired by Copart Inc.
The online vehicle auction and remarketing service Copart Inc. has acquired Cycle Express LLC., a California-based private company operating as...
Who Will Own Autonomous Vehicle Rideshare?
The car you drive to work has a steering wheel, a floor pedal, an infotainment system, and an emotionally intelligent...
Supreme Court Rules in Favor of Santander For Less Regulation of Purchased Debt
Via Wikimedia Commons The Supreme Court upheld a lower court’s decision that the Fair Debt Collection Practices Act does not...
Nicholas Financial CEO Announces Retirement
Ralph Finkenbrink, chief executive of Nicholas Financial, is set to retire in September. Ralph T. Finkenbrink, 55, will retire from...
Santander CEO Counters Claims On Limited Income Verifications
DALLAS — Proof of income is just “one of many” structural elements Santander Consumer USA evaluates when underwriting, Chief Executive...
