S&P Global Ratings said U.S. prime and subprime auto loan asset-backed securities (ABS) sector’s performance deteriorated in October compared to September and also weakened on a year-over-year basis. According to a report published this week, prime and subprime net losses ... [Read More]

As the Consumer Financial Protection Bureau reported that it handled approximately 27,000 complaints in October, four industry associations delivered a letter this week to the Senate’s top leaders, urging the bureau’s structure be modified to create a five-person, bipartisan board. ... [Read More]

With the Federal Reserve’s final gathering of the year set for next week, an interest rate move certainly appears to be in the works since at least one observer said the market has been behaving that an uptick is coming ... [Read More]

Veros Credit recently announced the promotion of Harvey Singh to chief operating officer. The finance company that originates paper with both franchised and independent dealerships highlighted Harvey will continue to oversee the loan servicing department and will also be responsible ... [Read More]

Imagine you’re trying to complete a “first pencil” with a customer who is either in the showroom or communicating through the chat function on your website. The customer has a trade, and better yet, it’s a model you know will ... [Read More]

Part of the dialogue happening at the recent SubPrime Forum during Used Car Week stemmed from whether or not finance companies — especially ones that specialize in subprime paper — were tightening their underwriting. Furthermore, companies such as Consumer Portfolio ... [Read More]

The Republicans control both the legislative and executive branches of government for only the third time since 1929, the previous times being 2001 and 2003 with President George W. Bush. It would seem to be an opportunity for an end ... [Read More]

As Fitch Ratings shared its latest update on the auto ABS market, analysts at the Federal Reserve Bank of New York indicated 3.6 percent of auto financing contracts stood at 90 or more days delinquent at the end of September. ... [Read More]

So far in 2016, analysts at White Clarke Group contend that the auto and asset finance industry has coped well with uncertainty. “While forecasts have been trimmed during the year, they have not been cut so savagely as to threaten the ... [Read More]

A collection of 21 current and former federal lawmakers who might be considered the staunchest supporters of the Consumer Financial Protection Bureau filed an amicus brief on Tuesday asking the U.S. Court of Appeals for the District of Columbia Circuit ... [Read More]