What a Ride! Four Takeaways from 2016
The year of 2016 was a year of many things. It was a year in which the industry made a ...
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New ABS Reg Could Stall Issuance Through Yearend, S&P Says
A securitization rule implemented this month, which requires auto loan and lease securitizers to provide loan-level data, will likely drag ...
No Response: One Call Could Have Avoided It All for Wells Fargo
Dennis Singleton was preparing to deploy to Afghanistan for Operation Enduring Freedom in 2013, when he learned that his 2011 Ford ...
DOJ Reportedly Investigates Wells Fargo
Wells Fargo & Co. is reportedly facing a Department of Justice investigation regarding the possible improper repossession of cars owned ...
HSBC Reaches Settlement with DOJ for Illegal Repos
HSBC Finance Corp. has agreed to pay $434,500 in a settlement with the Justice Department to resolve allegations that the ...
Leasing On Track to Outpace Loans, Analyst Says
Leasing is taking marketshare from traditional financing, according to CU Direct’s Market Research Analyst Jose Torres. In the near future, ...
Exeter to Focus on Efficiency, Not Growth, CEO Says
Exeter Finance Corp. aspires to materially grow its portfolio marketshare over the next three to five years, but will likely keep ...
Subprime Shows ‘Weakness,’ Liquidity a Concern, SC CFO Says
BOSTON -- Performance is starting to show “a little bit of weakness,” in the subprime auto space, Ismail "Izzy" Dawood, ...
