Risk Management
CPS to Focus on Expanding Footprint
California based Consumer Portfolio Services Inc. will focus on market expansion rather than loosening credit requirements, CEO Charles Bradley said...
Delinquencies Continue to Fall
Just when it seems like it can't get better, somehow it does. Delinquency rates are down yet again for the...
Tesla Launches Financing Unit
Tesla Motors Inc. has set up a financing arm to offer leases to corporate buyers of the company’s premium battery-powered...
GMF Goes ‘Nonprime’
What’s in a word? At General Motors Financial Co. apparently, quite a lot. GMF quietly this week changed its term...
Why it’s Important to Right-Size Your Compliance Staff
People skills and knowledge of both the auto industry and financial regulations – these are the most important qualities to...
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%...
