Auto Finance Summit | Auto Finance News | Page 7 | Auto Finance News - Part 7

Registration Now Open for Powersports Finance 2017

Registration for the third annual PowerSports Finance 2017 officially opened yesterday. PowerSports Finance 2017 will take place Oct. 24-25, at the Wynn Las Vegas, directly preceding the 17th annual Auto Finance Summit. PowerSports Finance 2017 offers decision makers and top executives in powersports a forum to generate ideas for the industry’s future, develop a stronger community, and identify growth […]

Registration Now Open for Auto Finance Summit 2017

Registration for the 17th annual Auto Finance Summit, the world’s largest auto finance event, officially opens today. The 2017 Auto Finance Summit will take place Oct. 25 – 27 at the Wynn Las Vegas. Registrations can be submitted here. The Summit is where top industry executives gather to identify industry trends and growth opportunities. The […]

CPS Set Up to Be ‘Recession Resistant,’ CEO Says

Consumer Portfolio Services Inc. has a two-year revolving line of credit, with a one year amortization period, which — while not recession proof — is hopefully recession resistant, Chief Executive Charles Bradley said. “It gives us two years to use them, but what it really does, with the amortization, if for some reason you can’t […]

Don’t Rely Too Heavily on Data, CPS CEO Advises [Video]

There is more data available in auto finance to use in the decisioning process than ever before, Consumer Portfolio Services Inc. Chief Executive Charles Bradley said, but data isn’t everything. “Everyone is trying to find their niche,” he said during a fireside chat at the 2016 Auto Finance Summit.” The problem is, it’s very hard […]

Ally Continues to Explore Digital Offerings [Video]

Ally Financial Inc. is “always investing in ways” to partner with “new types of dealers” in an effort to get access to customers, said Tim Russi, Ally Auto’s president. Most recently, Ally acquired BlueYield, an online lender exchange, in the third quarter, as part of the company’s ongoing efforts around digital. The company also launched […]

FTC May Scrutinize Auto Lenders More Closely

LAS VEGAS — As financial institutions and dealers become more tech savvy, lenders should expect greater scrutiny from the Federal Trade Commission, said FTC Attorney Colin Hector. “A lot of the FTC’s recent activity in the auto finance space has involved enforcement actions against auto dealers,” Hector said. “Some of those enforcement actions may have […]
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