Articles

Could the Car be the Next New Channel for Engagement? [Sponsored]

Could the Car be the Next New Channel for Engagement? [Sponsored]

Few would disagree with the notion that the only thing changing faster than technology is consumer expectations.  When it comes to auto finance there is an expectation that lenders be accessible to the borrowers through a variety of channels and reach them in step with the fast-paced way they liveRead More

Like a Dog with a Bone: Is it Time for the CFPB to Drop Disparate Impact?

Like a Dog with a Bone: Is it Time for the CFPB to Drop Disparate Impact?

On Jan. 18, the Republican staff of the House Committee on Financial Services issued Unsafe at Any Bureaucracy, Part III: The CFPB’s Vitiated Legal Case Against Auto-Lenders. This was the third in a series of reports addressing the Consumer Financial Protection Bureau’s attempts to hold auto finance companies responsible forRead More

Few Banks Tightened Credit Standards for Auto Loan Approval, Fed Finds

Few Banks Tightened Credit Standards for Auto Loan Approval, Fed Finds

Several large auto lenders reported elevated delinquencies and losses in the fourth quarter, but only 13% of banks surveyed by the Federal Reserve have tightened credit standards for approving auto loans. Meanwhile, 85% reported standards remained “basically unchanged,” while, on the bright side, no respondent reported loosening standards, according toRead More

After the Handshake [SPONSORED]

After the Handshake [SPONSORED]

It goes something like this: borrower finds the vehicle of their dreams, borrower signs on the dotted line, receives the keys, their official car note, a handshake, and they drive away.  What if there were more after the handshake? There is a tremendous amount of opportunity for lenders to continueRead More

Compliance Insider: Time to Read the Tea Leaves Again

Compliance Insider: Time to Read the Tea Leaves Again

The looming reality of a Donald Trump administration surely has staffers at many agencies in a tizzy, fearing their work over the last eight years is about to be erased. That’s a bit extreme, but it’s human nature to think the worst is going to happen when politics takes anRead More

DataScan Partners With MuleSoft for API Connectivity [SPONSORED]

DataScan Partners With MuleSoft for API Connectivity [SPONSORED]

As the industry’s landscape becomes increasingly competitive, implementing new digital technologies — and doing it quickly — is vital, according to JD Grogan, vice president of technology at DataScan Technologies. In that vein, the company has adopted a variety of cloud and mobile technologies to enable users to access inventoryRead More

Compliance Insider: Is the CFPB Over?

Compliance Insider: Is the CFPB Over?

Judging by the direction of the stock market and the financial trade press, Nov. 9 brought great relief to business in general, and to financial services providers particularly. Conventional wisdom is that regulation will decrease, both in content and in fervor of enforcement. Some predict that the Consumer Financial ProtectionRead More