Articles by: Natalie Mattila

3 Actions Lenders Can Take to Improve the CMS

3 Actions Lenders Can Take to Improve the CMS

There are many “tangible activities” that can be done to maintain the compliance management system and improve the framework, said Mike Lavin, executive vice president and chief legal officer at Consumer Portfolio Services Inc. Lenders preparing for regulation and eventual exams by the Consumer Financial Protection Bureau need to make maintaining their CMS a top priority,Read More

Online Compliance Training Needs More Engagement

Online Compliance Training Needs More Engagement

Web-based courses are “not enough” to get the compliance training job done — that was the resounding similar outlook on compliance training among speakers at the Auto Finance Risk & Compliance Summit last month. “It’s a good starting point, but you’ve got to build the other pieces” to be ableRead More

3 Steps for a Successful ABS Offering

3 Steps for a Successful ABS Offering

Issuing a securitization can “help out with the bottom line” and generate increased interest from investors, according to Donal Hummer Jr., ThunderRoad Financial’s president and chief executive. However, the securitization process is “very engaging,” time-consuming, and requires many moving pieces, he said during a First Associates Loan Servicing webinar entitled Securitization: ARead More

3 Ways Lenders Can Utilize Alternative Data [VIDEO]

3 Ways Lenders Can Utilize Alternative Data [VIDEO]

PLANO, Texas — Using alternative data solely for credit decisions “is a narrow view,” according to Daniel Parry, co-founder and chief executive of Praxis Finance. Lenders can also utilize alternative data to better manage other parts of the business, including in the collections process and to mitigate consumer fraud. PraxisRead More

3 Do’s and Don’ts to Tackle Compliance Exams [VIDEO]

3 Do’s and Don’ts to Tackle Compliance Exams [VIDEO]

It’s no secret that auto lenders are living in a more regulated space as a result of increased speculation from the Consumer Financial Protection Bureau, and when regulators come knocking it’s essential to be prepared. Rich Miller, head of compliance at Hyundai Capital America, shared some of his top do’s andRead More

3 Ways Data-Driven Analytics Helped Toyota Financial

3 Ways Data-Driven Analytics Helped Toyota Financial

Toyota Financial Services boosted investment in big data analytics to revamp its collections processes, and it has already yielded results, according to Jim Bander, the captive’s national manager of decision science. “We’ve been concerned with improving collections since 2009,” Bander said. “Certainly we got affected the same way all the other lendersRead More