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Testing the resiliency of auto ABS

The auto asset-backed securities market continues to attract investors — even from overseas. While market headwinds brought on by lengthening loan terms, trade disagreements and a potential economic downturn test the market’s resilience, closer examination of the auto ABS structure proves the strength of these bonds in the face of adversity. In fact, investor appetite […]

TD Auto Finance explores AI for underwriting

TD Auto Finance is now exploring use-cases for artificial intelligence in its underwriting process that would leverage a Toronto-based startup acquired by parent company TD Bank last year. “When it comes to technology, the biggest thing is AI,” said TD Auto Finance President and Chief Executive Andrew Stuart during a panel discussion at FICO World […]

Wells Fargo Explores Switch to Flat-Fee Pricing Model

Wells Fargo & Co. is mulling the switch to a flat-fee dealer compensation model to provide consumers “pricing clarity,” Senior Executive Vice President of Community Banking Mary Mack said at Deutsche Bank’s Global Financial Services Conference last month. “Normally, the response in our industry around pricing clarity is more disclosures,” she said. “What we said […]