Westlake Exec Returns to Manage Losses, Delinquencies
When Brian Renfro was brought on at Westlake Financial Services as the lender’s senior vice president of servicing, he was...
Magazine
Stepping Up: How Credit Unions Captured Marketshare Amid Banks Pulling Back
Before the great recession, credit unions never offered much in the way of competition to the national lenders in the...
Competition Revs Up in Floorplan Lending, as Sales Show Signs of Tempering
The partnership between a dealer and a floorplan lender is “very relationship-based, and very emotional,” said Brian Fallon, senior vice...
VW’s Uphill Battle: Can the Captive Overcome the Emissions Scandal?
One of the many considerations Eithne Higgins weighed when purchasing her 2010 Volkswagen Seat Leon was its resale value. Yet,...
Lenders Focus on Collections, as Delinquencies Tick Up
Although delinquencies benefited from tax refund season, according to S&P Global’s March U.S. Auto Loan ABS Tracker, 60-day subprime delinquencies...
Credit Erosion: Cracks Are Starting to Show in Subprime Auto
Fitch Ratings reported subprime delinquencies hit a 20-year high in March, and some of the smaller lenders in the space...
