Savings-backed auto loan could cushion financial uncertainty (Under the Hood)
With consumer confidence dragging and cash-strapped shoppers expected to reel in holiday spending, an auto loan with a savings component ...
Tag: Under the Hood
High-income auto consumers at risk for default (Under the Hood)
A $2,400-a-month payment was enough to derail rapper MC Hammer’s auto loan, prompting JPMorgan Chase Bank to file suit for ...
Recoveries poised for lift with repo drones (Under the Hood)
It’s a bird, it’s a plane, it’s a repossession drone. As recovery rates decline in the wake of lower prices ...
Under the Hood: Social sites shed light on consumers’ auto loan concerns
Financiers expect lending conditions to worsen, and dealers perceive the auto market as weak, according to recent surveys, but for ...
Under the Hood: Lawmakers waffle on regulatory future of AI
Federal legislators are in the early stages of determining how best to strike a balance between innovation and regulation when ...
Under the Hood: CFPB repository for lender offenses could spur enforcement surge
While the Consumer Financial Protection Bureau’s stated reason for its latest initiative to create a consolidated registry of lender offenses ...
Under the Hood: Lenders seek to expand sales, IT, collections teams
Collection and IT executives are still high on lenders’ hiring lists, but sales and origination staff are also in increasingly ...
Under the Hood: Tech complexity spurs enhanced risk measures
Advances in digitalization and machine learning are sparking a need for lenders to revisit operational risk management protocols. In the ...
