Articles

The CFPB’s Regulation of the Auto Finance Industry is Legally and Ethically Wrong [OPINION]

The CFPB’s Regulation of the Auto Finance Industry is Legally and Ethically Wrong [OPINION]

As the Chair of my firm’s Auto Finance Team, a multidisciplinary team of attorneys serving the auto finance industry, I’ve heard my share of complaints about the CFPB’s newfound focus on auto finance companies, banks, and non-bank entities that serve the auto finance sector. In the course of my discussionsRead More

New Autonomous Vehicle Laws in Michigan Are ‘Thrilling’ for Industry, Expert Says

New Autonomous Vehicle Laws in Michigan Are ‘Thrilling’ for Industry, Expert Says

The legislation around driverless cars (or the absence of it) is one of the main concerns among manufacturers and software companies that operate in the field. But the newest set of bills – signed into law by Michigan Governor Rick Snyder last week – are set to change that. StartingRead More

PolySync to Democratise Autonomous Research with Open Source Platform

PolySync to Democratise Autonomous Research with Open Source Platform

In the tech world, open-source software is an increasingly popular model for developers to share and learn through collaboration, and thus drive innovation. Not so much in the auto world. But a Portland, Ore.-based software startup is set to change that. PolySync, which develops next generation software for autonomous cars,Read More

Collaborate to Innovate Mobility, Expert Says

Collaborate to Innovate Mobility, Expert Says

Cross-pollination between tech companies and auto manufacturers is no longer optional, it’s a “necessary,” Michael Macauley, chief executive of Quadrant Information Services, cautioned. “As cars become devices that we drive or don’t drive, and devices become more integrated with our transportation experience across modes,” the two industries need to learnRead More

CPS Set Up to Be ‘Recession Resistant,’ CEO Says [Video]

CPS Set Up to Be ‘Recession Resistant,’ CEO Says [Video]

Consumer Portfolio Services Inc. has a two-year revolving line of credit, with a one year amortization period, which — while not recession-proof — is hopefully recession-resistant, Chief Executive Charles Bradley said. “It gives us two years to use them, but what it really does, with the amortization, if for someRead More

Smiling young couple shaking hands with an insurance agent or investment adviser

Originating Engagement: What Consumers Want From Lenders [SPONSORED]

Contrary to popular belief, a recent Fiserv study found that a majority of borrowers are not asking for a completely online experience when it comes to getting their next auto lease or loan. Instead, they’re looking for a more supportive level of engagement with their lender, including the ability toRead More

WEBINAR: Digital Lending for Auto Finance: What Do Customers Really Want?

WEBINAR: Digital Lending for Auto Finance: What Do Customers Really Want?

Digital self-service in banking is not about customer service, but rather, customer engagement — or at least it should be. That’s the upshot from the latest webinar hosted by Center for Auto Finance Excellence entitled Digital Lending for Auto Finance: What Do Customers Really Want? “Although attracting and retaining customers isRead More