Features | Auto Finance News - Part 6

Will Credit Unions Push Into the Secondary Market?

When the National Credit Union Administration (NCUA) released a proposal in June 2017 to permit federal credit unions to securitize loans, the auto industry took notice. But no credit union has taken action. Yet. “My initial reaction to the rule is that it won’t have much reach to credit unions outside the largest credit unions,” […]

Subscribing to Change: How Startup Fair’s Ascent is Shedding Light on a Larger Leasing Trend

Uber Technologies Inc.’s leasing unit Xchange Leasing was losing $9,000 per car, despite rates of $500 per month, and was accused of targeting protected immigrant communities in New York City with predatory lending practices following an investigation by Quartz. So why did startup used-car leasing app Fair finalize a deal to buy Xchange last month? […]

Sharpening Decisions: Lenders Have Been Forced to Hone Choices Amid Intensifying Opportunity Risk

When Hyundai Capital America entered the subscription space in April 2017, several OEMs were already offering an all-in-one monthly price for lease payments, maintenance, and insurance. Fast forward a year, and Hyundai has increased prices on its subscription service and is evaluating whether to expand the scope of the program. “We don’t know what the […]

Cracking China’s Door: Government Urges Foreign Lenders to Invest in China, Despite Barriers

    Financial institutions bemoan regulation in the United States, but it’s a drop in the bucket compared with lending in the People’s Republic of China. Non-bank financial companies — and their equity investors — have to be approved by the China Banking Regulatory Commission. Companies cannot expand branches without regulatory approval nor can they […]

Appetite for Higher Yields Spurs Boost in Single-B Securitizations

Increasingly risky securitizations are becoming more popular as a looming contraction period has investors hungry for higher yields. Although single-B-rated loan tranches are described as “speculative” and “unlikely to survive even a mild deterioration in economic conditions,” rating stability and upgrades have made investors feel comfortable with this asset class, said Amy Martin, primary credit […]

Credit Unions Jockey for Marketshare

As used-car financing gains popularity and banks shy away from new-car loans, credit unions are jockeying for marketshare, partnering with service providers and teaming with other lenders to spark auto loan interest. “[Banks are] making a lot of moves that are making it easy for us,” Chris Whittaker, director of lending services at Oregon Community […]

Business Intelligence, Business Woes: Why Machine Learning is Causing Regulatory Concern

Toys ‘R’ Us plans to shutter all 200 of its physical stores after filing for bankruptcy, an indication to retailers of the changing landscape of consumers increasingly opting for online shopping and digital platforms. This shifting consumer mindset is not just affecting e-commerce, but also the auto finance industry — which appears to be on […]
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