Risk Management
FTC Slaps CPS With $5.5 Million Fine
Consumer Portfolio Services Inc. will pay more than $5.5 million to settle Federal Trade Commission charges that the company used...
NAF Survey Reveals Key New Trends in Auto Finance
FORT WORTH, Texas -- Loan terms are getting longer and scores are getting lower, according to data from a recent...
Black Horse and Suzuki Renew Finance Agreement
Black Horse has extended by three years its agreement to provide finance for Suzuki GB vehicles, and has extended the...
Stickney Dishes on First Niagara’s New LOS, Growth Plans
First Niagara Bank has wrapped up a six-month project to implement a new CMSI loan-origination system, overhauling its largely manual...
Nicholas Faces Decreased Earnings and Delayed Acquisition
Florida-based auto lender Nicholas Financial reported a $269.3 million loan portfolio in the fourth quarter. That’s up nearly $20 million...
TD Will Increase Focus on Super Prime
TD Bank has evolved its auto strategy over the past year. During the bank's second quarter earnings call May 22,...
Credit Unions Pilot Subprime Program
Fourteen credit unions will participate in an auto loan pilot program geared for low-income borrowers. The program, designed by the...
S&P Cautions Nonbank Lenders
Auto lenders have a decision to make: They can choose margins or volume. That was the message from a report...
