Experian’s State of the Automotive Finance Market Report: Q1 2024 showed year-over-year increases in both 30- and 60-day delinquency rates. Perhaps what might be a more useful assessment is how those rates are both lower compared to the first quarter ... [Read More]

Webinars hosted by Weltman, Weinberg & Reis are designed to deliver year-round educational content, specific to creditors’ rights throughout numerous focus areas. The next one in the series titled, “Coffee With Casey,” features shareholder and the firm’s Chicago office managing ... [Read More]

The blending of former Cox Automotive resources at F&I Sentinel continued Wednesday, this time on the personnel front. The risk-management solutions provider for F&I products in the automotive finance industry announced that Kat Venner-Fowler has joined the company as chief ... [Read More]

AutoPayPlus recently promoted two of its executives, elevating Amilcar Matus to senior director of operations, while Carl Moore was named senior director of CRM and data analytics. The payment processing company said the moves strengthens its leadership structure to better ... [Read More]

Fitch Ratings offered some sullen — and perhaps not surprising to some executives — metrics and observations about U.S. subprime auto ABS performance. Analysts reported on Thursday that performance continues to weaken, with delinquencies and losses trending higher and recovery ... [Read More]

Along with three other major findings, the second annual Lending Enablement Benchmark Report from Open Lending Corp. gave this bottom line. The near- and non-prime market share has reached a five-year low. Open Lending highlighted that in 2019, near- and ... [Read More]

Allied Finance Adjusters and Recovery Specialist Insurance Group (RSIG) are gearing up to host REPO 2024 from June 24-26 in Fort Worth, Texas. With a variety of sessions focused on compliance and other best practices, organizers also are planning an ... [Read More]

Coinciding with the Supreme Court ruling that the Consumer Financial Protection Bureau’s funding process is constitutional, the Federal Trade Commission went to Congress last week seeking additional annual funding for its personnel and resources. Chair Lina Khan appeared before the ... [Read More]

On Wednesday, Tricolor announced its fourth social bond — a $277 million issuance — designed to cater to underserved, low-income Hispanic communities and provide access to auto financing. The award-winning fintech company that leverages artificial intelligence to successfully underwrite and ... [Read More]

Memorial Day weekend in the United States marks the unofficial kick-off to the summer car sales season with car dealerships nationwide utilizing the holiday weekend to attract customers with incentives, deals and promotions. Much like in recent years though, affordability ... [Read More]