CPS AI voice bot to target collections
Consumer Portfolio Services is using artificial intelligence to improve collections, streamline communication with consumers and fund deals faster. Irvine, Calif.-based ...
Tag: CPS
Untangling uncertainty: Subprime lenders, borrowers navigate affordability
These are uncertain times for the auto finance market, especially for subprime consumers and lenders. The affordability of capital and ...
Consumer Portfolio Services closes first ABS deal of 2022
Consumer Portfolio Services (CPS) tied the knot on its first asset-backed securitization of 2022, a $316.8 million deal backed by ...
CPS poised to survive pandemic
Consumer Portfolio Services, one of the few subprime auto financiers to have survived the 2008 credit crisis, will likely be ...
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. ...
FASB extends accounting deadline — for some
Smaller banks and credit unions now have until 2023 to comply with the Financial Accounting Standards Board’s new credit loss ...
CPS increases capture rates with alternative data
Consumer Portfolio Services is experiencing higher capture rates as a result of a new scorecard that was implemented last year, ...
CPS grows originations despite ‘exceedingly competitive’ market, CEO says
Consumer Portfolio Services' originations increased 16.5% in the second quarter, to $250.1 million, despite the fact that the industry is ...
