Post Tagged with: "Santander Consumer USA"

Part II: Alternative Data Drives Auto Lending Growth

Part II: Alternative Data Drives Auto Lending Growth

Best Practices, IT, Operations, Risk November 17, 2017 at 10:00 am

Despite the potential benefits of alternative data, privacy concerns linger about how the data is collected and shared with lenders. Earlier this year, the Consumer Financial Protection Bureau (CFPB) announced that it is looking into privacy and security concerns surrounding the growing acceptance of alternative data and sought public commentRead More

How the Supreme Court Turned Debt Collection Into a Grammar Lesson

How the Supreme Court Turned Debt Collection Into a Grammar Lesson

Compliance, Operations, Opinion July 10, 2017 at 10:30 am

On June 12, the Supreme Court settled a question about the status of debt buyers under the Fair Debt Collection Practices Act (FDCPA) that has been the subject of uncertainty for years: “Is a person who purchases debt for his own account a debt collector if he tries to collectRead More

Credit Erosion: Cracks Are Starting to Show in Subprime Auto

Credit Erosion: Cracks Are Starting to Show in Subprime Auto

Operations, Risk April 21, 2017 at 11:27 am

Fitch Ratings reported subprime delinquencies hit a 20-year high in March, and some of the smaller lenders in the space have cut back on originations, stopped issuing securitizations, or shuttered their doors completely, multiple sources told Auto Finance News. The number of new players entering the space has “slowed down,”Read More

CREDIT: Delinquencies Remain Low Even as Subprime Grows

CREDIT: Delinquencies Remain Low Even as Subprime Grows

Risk January 28, 2015 at 7:20 pm

DELINQUENCIES Auto loan delinquencies are on the rise, loan terms are getting longer, and as subprime auto lending continues to grow, so does the fear that the industry is on the brink of creating a similar financial crisis that caused the recession about five years ago. That’s the upshot inRead More