Auto delinquency rates up for 34th month in row
Auto delinquency rates rose again in July, marking 34 consecutive year-over-year increases as inflationary pressures and elevated interest rates have ...
Tag: charge-offs
CPS keeps losses in check despite fewer extensions
Consumer Portfolio Services has been limiting the number of extensions it grants consumers who are having trouble making their payments. ...
You’re welcome: The Fed gifts a strong auto finance sector
Apparently, Halloween is the new Christmas in auto finance. Yesterday, the Federal Reserve gifted the industry a 25-basis-point interest rate ...
Capital One Auto Originations Decelerate Amid Increased Competition
Pedestrians pass in front of a Capital One Financial Corp. bank branch in New York, U.S. Photographer: Sarah Blesener/Bloomberg Capital ...
GM Financial Profits, Originations Grow in 3Q
General Motors Financial boasted increased profits, higher loan originations, and improved credit quality in the third quarter, according to yesterday’s ...
It’s Time to Integrate Collections and Recovery Systems, FICO Says
Nowadays, managing a collection system and a recovery system separately proves difficult, according to a webinar hosted by FICO yesterday. ...
Five Most Effective Collection Strategy Improvements
“5 Most Effective Collection Strategy Improvements,” the second of a series of quarterly webinars covering best practices in Auto Finance ...
