Risk Management
FTC Hits Dealership a Second Time for Ad Disclosures on Finance Terms
The Federal Trade Commission hit a West Virginia dealership with an $80,000 civil penalty for violating a 2012 consent order...
Buy-Here, Pay-Here Group Settles FTC ‘Furnisher’ Charges
The finance arm for a chain of buy-here, pay-here dealerships agreed to pay more than $82,000 to settle Federal Trade Commission charges...
ABS East: Subprime Auto is a Strong Performer, Experts Say
MIAMI — Subprime auto is a good bet for ABS investors, panelists on the Consumer ABS Financing Outlook roundtable said at...
Capital One Adds 84-Month Loans for Select Dealerships
Capital One Auto Finance recently upped its maximum loan term to 84 months for prime loans and 75 months for...
Bankers Unfazed by Potential Interest Rate Hike
Bankers with billion-dollar auto loan portfolios said they expect minimal, if any, impact from a rise in interest rates, as the...
Marketplace Loans Set to Catch Fire, but What About Autos?
MIAMI - Marketplace lending is poised to grow rapidly over the next two years, according to a panel of experts...
Rainy Day Fund: SCUSA Covers High-Risk, High-Return Loans
Provisions for credit losses are up for Santander Consumer USA, not because of any unexpected problems with loan performance, but...
Economy Slowly Recovering in Deep Subprime, Prestige Exec Says
Consumers’ financial state has been “stagnant” post-recession, according to Bryant Henrie, president of Prestige Financial Services Inc. “What we are seeing...
