Risk Management
9th person pleads guilty to scamming Ford Credit in Reagor-Dykes case
The executive assistant for former Reagor-Dykes Chief Financial Officer Shane Smith is the 9th employee to plead guilty for her...
E-contracts pose risk in auto ABS, Moody’s says
An increase of e-contracts to originate auto loans and leases has created a new source of legal and operational risk...
Ally’s Doug Timmerman named Auto Finance Executive of the Year
Auto Finance News is pleased to announce Doug Timmerman, Ally Financial’s president of auto, as the inaugural Auto Finance Executive...
Regulators urge ‘responsible’ use of alternative data
With lenders increasingly relying on nontraditional data to hone underwriting, five banking regulators have urged that lenders maintain “robust” compliance...
The ripple effect: Distressed repo industry threatens lender losses
Auto loan losses are poised to rise — but not because consumers are failing to make payments. The issue runs...
GM Financial opposes second Reagor-Dykes restructuring plan
GM Financial has filed a motion urging the court to reject Reagor-Dykes’ second proposed restructuring plan because — like its...
Wells Fargo settles auto insurance suit for $432M
Wells Fargo & Co. and National General Insurance Co. have agreed to pay $432 million to resolve claims the companies...
Fintech task force deliberates pros and cons of ‘big data’
More than 2.5 quintillion bytes of data are created every single day. As such, lenders are collecting vast amounts of...
