Risk | Auto Finance News

CPS CFO Jeffrey Fritz Joins Speaker Faculty at Auto Finance Risk Summit

Consumer Portfolio Services Executive Vice President and Chief Financial Officer Jeffrey Fritz will kick off the Auto Finance Risk Summit with a presentation on economic scenarios and the financial market’s future. The session will take place at 1:30 p.m. on Wednesday, May 15, at the Omni Hotel in San Diego. The presentation will explore how […]

Exeter Settles AG Investigations Over Unlawful Lending Practices

Exeter Finance LLC will shell out $5.5 million to settle allegations that it financed subprime auto loans deemed "unfair" by the Massachusetts Consumer Protection Law. The Office of Attorney General Maura Healey alleged that Exeter “facilitated the origination of certain loans that Exeter knew or should have known were unfair,” according to an April 5 […]

Auto Finance Accelerate 2019 Unveils Slate of Speakers From Chase Auto, Ally, Hyundai Capital

Auto Finance News is proud to welcome a slate of diverse speakers to this year’s spring event, Auto Finance Accelerate 2019, to be held May 13-16 at the Omni San Diego. The speaker faculty is quickly expanding with the addition of several top captives and banks. Chase Auto’s Chief Marketing Officer Melinda Welsh will kick off […]

Court Favors Ford Credit in Floorplan Dispute, Dealer Shells Out $58M

Reagor-Dykes Auto Group Co-Owner Rick Dykes has agreed to pay Ford Motor Credit Co. $58.7 million, about half of what the captive claimed it was owed. Bart Reagor, the former chief executive and the other co-owner, is not mentioned in the April 2 consent order; a civil suit against him is still pending. Ford Credit […]

PointPredictive Designs Fraud Tool to Expose Application Risk

PointPredictive, a developer of anti-fraud software, has launched a program that tells lenders not only which loan applications are risky, but why they're risky. Auto Fraud Alert, which launched Tuesday, exposes potential fraud attributes directly to the lender, Chief Strategist Frank McKenna said. “A lot of times lenders were in the dark about what kind of […]

Auto Finance Accelerate Early Bird Registration Ends This Week

Friday will be the last chance to take advantage of early bird registration prices for Auto Finance News’ week-long event, Auto Finance Accelerate. The series of three events will take place May 13-16 at the Omni San Diego. The success of the Auto Finance Risk Summit, now in its 12th year, and the 4th annual Auto Finance Innovation Summit made way […]
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