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, Senior Vice President of Risk Management Chris Terry told Auto Finance News.  Nine months post-implementation, “CPS is seeing the results without negatively impacting our pricing,” Terry said. The difference between CPS’s new consumer-focused scorecard versus […]

• Nicole Casperson
• October 8, 2019
• Exclusive, Risk Management, Sales & Marketing

5 lessons to learn from software vendor data breach

According to a June 12 settlement announced by the Federal Trade Commission, back in 2015 an employee of Iowa-based LightYear Dealer Technologies, the parent company of DealerBuilt, plugged in a storage device to the company’s backup network in order to increase storage capacity.  However, the employee failed to ensure that the device was securely configured, thereby […]

• Drew Patty
• August 9, 2019
• Auto Finance Excellence, Compliance & Regulation

An inside look at 2 new credit scoring models

Ever since the concept of loaning money was conceived, lenders have been trying to find the ideal way to predict who will pay them back and who will default. Over time, methods for evaluating the likelihood of borrower repayment progressed from individual human judgment calls to more objective credit bureaus and reports. Today, scores often […]

• Mark Baltuska
• July 18, 2019
• Sponsored

Auto Finance Summit 2019 Registration Opens With New Agenda

Auto Finance News is proud to announce that the Auto Finance Summit 2019 registration and agenda are now available on AutoFinanceSummit.com. The 19th annual event will take place October 28-30 at the Bellagio Las Vegas. Registration can be submitted here.  It’s a revolutionary time for auto finance, as technological innovations are making waves in the industry. Meanwhile, lenders are working to stay ahead […]

• Nicole Casperson
• May 23, 2019
• Compliance & Regulation, Credit Performance, Innovation & Technology, Risk Management, Sales & Marketing

Auto Finance Accelerate 2019 Unveils Slate of Speakers From Chase Auto, Ally, Hyundai Capital

Auto Finance News is proud to welcome a slate of diverse speakers to this year’s spring event, Auto Finance Accelerate 2019, to be held May 13-16 at the Omni San Diego. The speaker faculty is quickly expanding with the addition of several top captives and banks. Chase Auto’s Chief Marketing Officer Melinda Welsh will kick off […]

• Nicole Casperson
• April 10, 2019
• Compliance & Regulation, Credit Performance, Innovation & Technology, Risk Management, Sales & Marketing

Auto Finance Accelerate Early Bird Registration Ends This Week

Friday will be the last chance to take advantage of early bird registration prices for Auto Finance News’ week-long event, Auto Finance Accelerate. The series of three events will take place May 13-16 at the Omni San Diego. The success of the Auto Finance Risk Summit, now in its 12th year, and the 4th annual Auto Finance Innovation Summit made way […]

• Bianca Chan
• April 3, 2019
• Innovation & Technology, Risk Management, Sales & Marketing

FTC to Give Compliance Update at Auto Finance Risk Summit

Kenneth Abbe, enforcement attorney in the Federal Trade Commission‘s Western region, has joined the speaker faculty at the Auto Finance Risk Summit to share strategies for lenders to improve regulatory risk management.  Abbe will take the stage on May 15 at 4:30 p.m. PT for a panel discussion entitled “Regulators’ Roundtable,” which will offer alerts […]

• Nicole Casperson
• March 25, 2019
• Compliance & Regulation, Risk Management

Call for Speakers: AFN Scouts Speakers for Auto Finance Risk Summit

The Auto Finance Risk Summit — the established industry event for education and networking focused on best practices in risk management — is searching for senior leaders in auto finance to join the speaker roster. Help shape our agenda for the 12th annual Auto Finance Risk Summit to be held at the Omni San Diego on May […]

• Nicole Casperson
• February 13, 2019
• Risk Management