Is Disparate Impact Dead?

Don’t write off disparate impact just yet. Sorry to say it, but that’s where I am on the issue. After the then Consumer Financial Protection Bureau (now Bureau of Consumer Financial Protection) announced in December 2016 that it would be turning its attention from disparate impact claims in auto finance, the auto-world rejoiced. The joy […]
  • Michael Benoit
  • October 31, 2018
  • 0

HCA, BMW Financial, Bank of America Win Excellence Awards at Summit

LAS VEGAS — Three companies were recognized for achievement in the auto finance sector during the Auto Finance Excellence Awards ceremony presented Thursday at the 2018 Auto Finance Summit. The annual celebration honors achievement by companies in the automotive lending and leasing industry. Hyundai Capital America was presented an Excellence Award for its dramatic transformation […]
  • Nicole Casperson
  • October 29, 2018
  • 0

SunTrust’s First Female National Credit Manager Gives Three Key Lessons on Success

Renee Franck, SunTrust Dealer Finance’s national credit manager, shared with a large crowd of female professionals attending the inaugural Women in Auto Finance Luncheon on Tuesday the key lessons she learned in a career that spanned more than three decades. A lot has changed in that time. “When you went to meetings back then, you […]
  • Monica Melton
  • October 25, 2018
  • 0

HyreCar CEO Talks Going Public, Seeks Partnership With Rideshare Giant Lyft

Newly public startup HyreCar is looking to capitalize on the eightfold growth of the ride-hailing industry, which Goldman Sachs pegs at $285 billion by 2030. Since its inception in 2014, HyreCar has focused on “filling a clear gap” in the ridesharing industry, Chief Executive Joe Furnari told Auto Finance News. As a peer-to-peer carsharing marketplace, […]
  • Nicole Casperson
  • October 24, 2018
  • 0

The Story Behind NMAC’s $40M Auto Financing Settlement

Auto finance is risky. It can also be very bizarre. The recent lawsuit between Nissan Motors Acceptance Corporation and a group of New York-based Nissan and Infinity dealers is an example. In this unfortunate situation, it took just 10 months for NMAC to find itself a whopping $30 million deep with a new client before […]
  • Josh Wortman
  • October 22, 2018
  • 0

Military Lending Act Continues to Plague Auto Finance Industry

Since the Department of Defense released its amended interpretive rule in December 2017, the Military Lending Act (MLA) has been a source of much confusion and consternation for the auto finance industry. Before that time, most of the industry operated under the understanding that the MLA’s exclusion from coverage for consumer credit transactions “expressly intended […]
  • Patricia Covington and Erica Kramer
  • October 19, 2018
  • 0

 Beyond Hallman Chevrolet: How Dealership Fraud Abuses Lenders and Consumers

Recently, Hallman Chevrolet in Erie, Pa. was fined $2.1 million when it admitted to a fraud scheme that involved inflating the price of vehicles sold to subprime consumers. However, the issue of price inflation (one might call it “power booking” or “price gouging”) happens widely. Attempts to inflate price at the time of sale by […]
  • Josh Wortman
  • October 15, 2018
  • 0

Five Questions With… Renee Horne of USAA

Five Questions With is a monthly Q&A segment on AutoFinanceExcellence.org that offers a glimpse of what senior industry executives are thinking about outside the boardroom. Read on to find out. Renee Horne, vice president of consumer lending at San Antonio, Texas-based USAA Bank since June 2016, leads a team responsible for providing its members’ great customer […]
  • Nicole Casperson
  • October 10, 2018
  • 0
Page 5 of 52« First...«34567 » 102030...Last »
X