Risk Management
Carmax Test Yields $9M of Subprime Loans
Carmax Inc.’s new in-house test run of a subprime lending unit originated $9 million in auto loans since January 2013,...
Forecast for Auto Finance’s Future
In today's rising rate environment, and despite surging car sales, the industry's future remains shaky. Compliance and competition -- call...
E-Contract Volume Hits 50% for Trio of Captives
The volume of loans contracted electronically in February neared 50% for Ford Motor Credit Co. and grew to the high-50%...
CBA, AOL Debut Financial Optimism Index
The Consumer Bankers Association and AOL Inc. have launched the Finance Optimism Index, a “litmus test of how people feel...
Are Repossessions the Best Market Strategy?
The costs associated with repossessing vehicles is rising sharply, even as consumers are much more inclined to pay their auto...
Did Ally’s CEO Deserve Nearly $10 Million in 2013?
Much has been made about the $0 salary of Ally Financial Inc. CEO Michael Carpenter over the last few years....
Ally Preps IPO
Ally Financial Inc. is preparing to go public, in an offering that could raise as much as $2.6 billion, according...
What’s the Secret to Servicing Subprime Auto Loans?
Lenders say that servicing prime and subprime loans are very different endeavors, with subprime loans requiring more attention. When a...
