Articles

Digital Tools Help Lenders Book Loans Lost in Paper Deals

Digital Tools Help Lenders Book Loans Lost in Paper Deals

The key to closing the gap and establishing trust between dealers and lenders is technology, said Theodore Papailion, director of value engineering at eOriginal, during a webinar called “How to Enhance Vehicle Finance Processes and Operations” hosted by eOriginal. The paper process during a transaction is a challenge lenders faceRead More

Choice … or No Choice?

Choice … or No Choice?

How’s that Dodd-Frank reform — the Financial Choice Act — coming along? Unless you’ve been under a rock for the last month, you’ll have noticed that things are not going so well for the Trump administration, and by extension, Republicans in the House and Senate. Between the Russia investigation, the FBI director’sRead More

Digital Labor Defined and Applied in Auto Finance

Digital Labor Defined and Applied in Auto Finance

Digital labor technologies, like robotic process automation (RPA) and artificial intelligence (AI) have the potential to transform the delivery of processes in the front, middle, and back offices of financial institutions. While 44% of enterprise global banking, financial services, and insurance global enterprises surveyed by HfS and KPMG planned onRead More

Colin Hector, attorney for the division of financial practices at the FTC, and Calvin Hagins, deputy assistant director for originations at the CFPB, discuss auto regulation on a panel moderated by John Redding, partner at Buckley Sandler LLP.

CFPB’s Deputy Assistant Offers Insights Into Examinations [VIDEO]

Consumer Financial Protection Bureau exams are typically dreaded across the industry, but Calvin Hagins, the Bureau’s deputy assistant director for originations, said lenders “should look forward to them,” during a panel discussion at the 2017 Auto Finance Risk & Compliance Summit. The exams are an opportunity for the CFPB to learnRead More

Early Evidence of a Down June

Early Evidence of a Down June

Reports are coming in today that suggest June will be a down month for car sales in the United States. According to estimates, the SAAR for the month could be 2.3% to 3.6% lower. Here’s an excerpt from the LMC Automotive/J.D. Power forecast via Seeking Alpha: The LMC Automotive/J.D. PowerRead More

New Webinar Offers Tips to Make Compliance Training Fun

New Webinar Offers Tips to Make Compliance Training Fun

Making compliance training fun seems impossible — and expensive — but there are simple ways to alter training initiatives to engage employees without breaking the bank. That’s the upshot from the latest webinar hosted by the Center for Auto Finance Excellence entitled “Can Compliance Be Fun? Tips & Tools toRead More

Dropping Used-Vehicle Prices Is ‘Barely’ a Positive Sign [VIDEO]

Dropping Used-Vehicle Prices Is ‘Barely’ a Positive Sign [VIDEO]

Used-vehicle prices have been on a wild ride lately, but will dropping prices be a positive sign for the economy? The answer is “barely yes,” according to William Strauss, senior economist and advisor for the Federal Reserve Bank of Chicago. “In fact, I would get nervous if we started to seeRead More