Autonomy enlists Equifax for identity verification via smartphones
Electric vehicle (EV) subscription service Autonomy announced this month that it is partnering with credit reporting agency Equifax to provide ...
Tag: Equifax
Lenders, dealers double down on digital
LAS VEGAS — While 74% of consumers want an online experience when shopping for a car, only 25% of auto ...
Under the hood: What to expect in 2020
Last year, the chatter amongst lenders in the auto finance industry pointed toward expectations of a recession. Yet, as the ...
Delinquency rates push up subprime APRs
Record severe delinquency rates – loans 60-or-more days past due – are the key reason that subprime annual percentage rates ...
![CFPB Interest Rate Markup Rule Headed for Vote of Disapproval in Senate [EXCLUSIVE]](https://www.autofinancenews.net/wp-content/uploads/2018/04/canstockphoto3667756.jpg)
Fintech task force deliberates pros and cons of ‘big data’
More than 2.5 quintillion bytes of data are created every single day. As such, lenders are collecting vast amounts of ...
Lenders dip down credit spectrum, boost originations in 2Q
As auto lenders opened their books of business to borrowers further down the credit spectrum, total auto debt increased 4.8% ...
What Capital One’s data breach means for auto finance
In the wake of Capital One Financial’s data breach, auto lenders should evaluate ways to tighten up cybersecurity and identify points ...
House Financial Services Committee urges oversight of alt-data
The use of alternative data by lenders could expand access to credit to more than 40 million consumers. Likewise, banks and credit unions are ...
