Consumer advocates and other regulators began National Consumer Protection Week on Monday in part by pointing to the significant jump in cases recorded in the complaint database housed by the Consumer Financial Protection Bureau. According to the CFPB’s online dashboard, ... [Read More]

The Association of Finance & Insurance Professionals (AFIP) recently gave out the Jakob Murray Lange Memorial Scholarship that recognizes a Northwood University student for exemplary work during an internship the previous summer. Receiving the financial award along with a marble ... [Read More]

Perhaps one of the clearest data examples of how extensions or other contract modifications impact delinquencies and defaults within a short timeframe arrived this week courtesy of S&P Global Ratings, S&P Dow Jones Indices and Experian. First, let’s look at ... [Read More]

Primeritus Financial Services handed remarketing responsibilities this week to an executive with more than 20 years of industry experience, most of it with a large commercial bank. The forwarding company that provides recovery management, skip-tracing and remarketing services to the ... [Read More]

Former defi SOLUTIONS chief executive and award-winning entrepreneur Stephanie Alsbrooks Hanson is embarking on her next foray within auto financing. On Wednesday, Tricolor — a tech-enabled Community Development Financial Institution (CDFI) and one of the nation’s largest used-vehicle retailers that caters to ... [Read More]

On Jan. 18, President Biden revealed his nominations to lead the Consumer Financial Protection Bureau and the Securities and Exchange Commission. On Tuesday, the Senate Banking Committee will hold a hearing to interview Rohit Chopra, currently a commissioner with the ... [Read More]

Kroll Bond Rating Agency (KBRA) spotted delinquency increases in both the prime and non-prime market segment in January, but analysts see metrics remaining on “solid footing” at least in the short term. According to the firm’s latest report looking at January ... [Read More]

As Arivo Acceptance closed on its second securitization, paving the way for continued growth and expansion, S&P Global Ratings revised its outlook on Credit Acceptance to stable from negative after that finance company completed its latest securitization. Last week, Credit ... [Read More]

Black Book and Constant now are working together in an effort to help auto finance companies successfully navigate the potential rise in delinquencies and repossessions. Black Book enhanced data and analytics, including vehicle valuations, now have been integrated within the ... [Read More]

Portfolio found a way to get its collective minds off of the frigid conditions currently in the Lone Star State at least for a little while this week. The provider of F&I products and reinsurance programs announced it was again ... [Read More]