Risk Management
Three Reasons to Follow Up on Lost Sales
A typical lender receives anywhere from five to 20 loan applications for every one contract. Experts say, there is a...
Three Reasons to Follow Up on Lost Sales
A typical lender receives anywhere from five to 20 loan applications for every one contract. Experts say, there is a...
Credit Reporting Tops CFPB Complaints Report
Credit reporting complaints soared 56% in July, according to the latest Consumer Financial Protection Bureau monthly consumer complaints report. Of 26,704 complaints...
TD Auto Ups Volume in Lower-Margin Super-Prime
TD Auto Finance is increasing U.S. auto loans without increasing risk, with the trade-off of lower margins on the low-risk, “super-prime”...
CREDIT: Subprime Inches Up as Delinquencies Remain ‘Under Control’
Auto loan delinquencies are "under control," despite a continued rise in subprime lending, while recent concern about a so-called subprime...
CapOne Moves to Exit Powersports Industry
After a review of its “partnerships business,” Capital One Financial Corp. has decided to “wind down” its powersports lending “over time,” Alli...
Monday Looms for CFPB’s Larger Participants Rule
The long-awaited Larger Participants rule is expected to take effect Aug. 31 at the Consumer Financial Protection Bureau, for nonbanks that...
Record Lease Share in 2Q
Leasing hit a record 26.9% of new-vehicle volume in the second quarter, according to Experian Automotive. That was barely ahead...
