Risk Management
The IT That Can Improve Dealer Comp Consistency
As the Consumer Financial Protection Bureau (CFPB) continues to expand the reach of its regulatory oversight, indirect auto lenders are...
Settlement or Not, Ally to Stick With Discretionary Comp
Dan Soto, Ally's Chief Compliance Officer “We don’t discriminate,” he told attendees at the Auto Finance Compliance Summit this month...
An Increasingly Bifurcated Credit Market in Auto?
NEWPORT BEACH, Calif. -- A study this past April from the National Employment Law Project found that middle income jobs...
BMO Harris Bank On Its Own With Flats Comp — For Now
NEWPORT BEACH, Calif. -- While officials from the Consumer Financial Protection Bureau might be pleased that BMO Harris Bank last...
First Niagara Implements New LOS
First Niagara Bank has wrapped up a six-month project to implement a new CMSI loan-origination system. “We’ve migrated our 12,000 or so dealers...
N.Y. Auto Fraud Case Will Prompt Stiffer State Scrutiny, Lawyers Say
Auto lenders should expect increased scrutiny and legal action from state regulators and law enforcement in the coming months, legal experts...
BMO Harris Moves to Flats
BMO Harris Bank is the first major lender to switch to flat fees from a dealer-reserve compensation structure. The move...
Faster Turnarounds Ahead at First Niagara
First Niagara Bank hit the ground running when it debuted its indirect auto loan business back in February 2012. During...
