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Moody’s to establish standard for quantifying cyber risk

Moody’s Corp. is working to establish a global standard for quantifying and assessing cyber risk for financial institutions. Through a joint venture with think-tank Team8, Moody’s will develop technology tools and methods to measure and analyze cyber risks facing lenders. Derek Vadala, global head of cyber risk for Moody’s, was named chief executive of the […]
  • Nicole Casperson
  • July 10, 2019
  • Risk

Amazon Investment in Electric OEM Paves Way for ‘Limitless’ Mobility Potential, Analyst Says

Amazon’s $700 million investment in electric OEM Rivian is a potential step by the retail giant to launch a mobility service that would supplement its delivery platform, said Grayson Brulte, a consultant with Brulte & Co. “I think it’s limitless where Amazon takes it,” Brulte told Auto Finance News. “There’s a lot of money to be made in niches. Do they […]

6 Issues Lenders Are Tackling in Collections and Repossessions

Delinquencies and losses continue to climb across the industry, and while many lenders are pulling back their volume of originations, others turn to refining their collections and repossession practices to stymie increasing losses. The percentage of borrowers 30 days or more past due grew 4 basis points year over year in the third quarter to […]

Mobility to Change Secondary Market, Goldman Economist Says

LAS VEGAS — Goldman Sachs & Co. is mulling how to structure new ownership and investment models as lenders eye a mobility-focused future in which financial institutions are lending more for fleets of vehicles rather than for individual service contracts. “You’ll see more transition to institutions becoming fleet managers,” Robert McDonald, vice president of structured […]

Online Lending Suffers ‘Growing Pains,’ Not Subprime Bubble

Last Friday, LendingTree’s CEO Doug Lebda and CNBC’s Jim Cramer spoke on Mad Money about how the lending market is transforming, to the benefit of customers. This came after LendingClub’s ordeal earlier this month, when the online lending platform’s stock took a 49.2% dive in four days in reaction to former Chief Executive Renaud Laplanche’s […]

Ally Will Give Mortgage Lending Another Try, CEO Says

While auto finance will still be its core business, Ally Financial is getting back into the mortgage origination business in 2016. That’s a significant development considering subprime mortgages nearly bankrupted the company when that bubble burst, leading up to the Great Recession. Ally Chief Executive Jeffrey Brown was quick to reassure analysts and investors at the […]
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