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2019 Survival Guide: How Lenders Are Planning for the Year Ahead

From the January issue: 2018 was a strong year for auto finance as delinquency rates dropped, the economy grew, and consumer demand remained high. However, the new year finds lenders and analysts bracing for an economic slowdown. But that’s not the only worry. New-car purchases are lagging, according to Manheim’s November data, which has new-vehicle sales […]

Regulatory Change Prompts Lenders to Halt Funding to Servicemembers Seeking GAP

The Department of Defense (DoD) threw a wrench into servicemember compliance that’s causing lenders to stop funding contracts with GAP insurance to military members, lawyers told Auto Finance News. The change stems from a December clarification to a Military Lending Act bulletin. Historically, auto loans have been exempt from the MLA, which places restrictions, such […]

CFPB Continues Use of ‘Mystery Shoppers’ [VIDEO]

The Consumer Financial Protection Bureau is still using “mystery shoppers,” which is why lenders are advised to continue treating each consumer as a potential undercover regulatory agent, said Molly Calkins, partner in the Consumer Financial Services Practice Group at Akerman LLP. Mystery shoppers are investigators posing as consumers to apply for loans and to test […]

Powersports Finance Summer Issue Now Live

The summer issue of the Powersports Finance Quarterly is now live, and available to current and new subscribers. In this issue, learn about whether the powersports finance market is too saturated for new  lenders to succeed, with insights from Yamaha Motor Finance Corp. USA, MotoLease LLC, ThunderRoad Financial, Wedbush Securities Inc., and more.
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