Risk Management
Ripple Effect: VW Diesel Scandal May Hurt ABS, Analysts Say
Volkswagen Credit dealer floorplan securitizations will likely suffer higher-than-expected losses, in the wake of Volkswagen’s admission of cheating in diesel emissions tests...
Startup Aims to Make Subprime Payments More Engaging
Customer Engagement Technologies, a fintech startup company, is set to “drastically improve the overall image of subprime auto market,” by gamifying...
BMO Harris Keeps Flats But Drops Autos in “Non-Core” States
Chicago-based BMO Harris Bank said its recent move to drop indirect auto lending in 12 "non-core" states is unrelated to...
DOJ Thumbs-Up Clears $4 Billion Cox-Dealertrack Buyout
Cox Automotive completed its $4 billion deal to acquire Dealertrack Technologies on Thursday, Cox said. The U.S. Department of Justice...
Westlake, CFPB Settle Debt-Collection Charges for $48 Million
Subprime and near-prime auto lender Westlake Financial Services and its Wilshire Consumer Credit unit, which makes direct-to-consumer auto title loans,...
10 Executives on Innovation’s Vanguard
By Larissa Padden lpadden@royalmedia.com Diana Asatryan dasatryan@royalmedia.com Innovation matters. The people of innovation matter most. Buzzwords like “enterprise...
Westlake to Grow Servicing Team in Dallas
Westlake Financial Services is expanding its servicing team in Dallas, part of a plan potentially to double in size, the...
Required Mobile Capabilities for Auto Lending [SPONSORED]
Beyond investing in technology and closing branches, financial institutions need to tailor their operations and offerings more closely to the...
