S&P Global Ratings spotted what it called “normal seasonal weakness” after analysts reviewed its latest data on collateral performance in the U.S. auto loan asset-backed securities (ABS) sector. Analysts found that “weakness” appeared in November with recoveries declining and delinquencies ... [Read More]

Arista Financial Corp. already had a division focused on financing in the trucking industry. On Monday, the company added a new executive who will be leading the charge for its newest subsidiary aimed at helping individuals who need vehicles to be ... [Read More]

The first month of 2020 already might be nearly gone, but the team at GWC Warranty emphasized that dealerships still have the opportunity to generate more profit this year compared to 2019. “It’s worth your time to consider any opportunity ... [Read More]

New information released this week by the Federal Trade Commission reinforced how widespread fraud is — and not just in the auto-finance industry. The FTC’s Consumer Sentinel Network received 3.2 million reports in 2019, including nearly 1.7 million fraud reports ... [Read More]

Two dozen state attorneys general are joining their legal horsepower together to support their federal regulatory colleagues in what they believe is a threat against consumer protections provided by the Dodd-Frank Act. This week, New York Attorney General Letitia James ... [Read More]

Rooted in increased regulation such as General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA) and general customer backlash, a growing emphasis on collecting consent and ensuring privacy of customer data exists. In this environment, the “cost” of compliance ... [Read More]

Editor’s note: This commentary is the first in a series compiled by Joel Kennedy, who is the current president of the National Automotive Finance Association and chief operating officer at TruDecision, looking at the intricacies of repossessions and recovery. The ... [Read More]

Coming off of a year when the company said it generated 40% growth on an annual basis, Loss Prevention Services announced plans this week for its new repossession management platform. The company highlighted that SysHub will provide a suite of ... [Read More]

A nonprofit auto-finance organization launched in Dallas in 2013 and certified by the federal government received quite an injection of funding this week from Goldman Sachs. On the Road Lending announced on Tuesday that it received a loan of up to ... [Read More]

The auto default rate in December came in at the same pace analysts spotted during the previous month and at nearly the same level or even much lower than what they noticed to close the calendar going back 10 years. ... [Read More]