TCF’s Auto Sector Exit Intensifies Profitability Concerns at Regional Banks
Via Wikimedia Commons The announcement this week that TCF Bank will shutter its indirect auto finance unit, Gateway One Lending ...
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CFPB, Trump Flex Legal Arguments in Battle Over Interim Director
Congressman Mick Mulvaney speaking at the 2013 Young Americans for Liberty National Convention at George Mason University. (Photo by Gage ...
Part II: Alternative Data Drives Auto Lending Growth
Despite the potential benefits of alternative data, privacy concerns linger about how the data is collected and shared with lenders. ...
Credit Acceptance is Served Subpoena From Mississippi AG
Mississippi Attorney General James Hood (Via Wikimedia Commons) The subprime auto lender Credit Acceptance Corp. disclosed that it has received ...
Illegal Repos Cause Veteran Pushback on Forced Arbitration
The Union Veterans Council supported the Consumer Financial Protection Bureau’s ban of forced arbitration clauses in a letter to congress ...
Forced Protection: How Will The Industry Respond to Wells Fargo’s Insurance Scandal?
Typically, when one of the nation’s largest auto lenders returns $80 million to consumers it wrongly charged, industry leaders stop ...
Lenders Brace for Increased Fraud in Wake of Equifax Breach
During a time of increased faked-identity scams in the industry, lenders should prepare for more fraudsters following last week’s Equifax ...
CitiFinancial to Pay Nearly $1 Million for Illegal Repossessions
The Justice Department said on Monday that CitiFinancial Credit Co. -- a successor to CitiFinancial Auto Corp. -- will pay ...
