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 some reason you can’t securitize and […]
  • Larissa Padden
  • December 6, 2016
  • 1

Don’t Rely Too Heavily on Data, CPS CEO Advises [VIDEO]

There is more data available in auto finance to use in the decisioning process than ever before, Consumer Portfolio Services Inc. Chief Executive Charles Bradley said, but data isn’t everything. “Everyone is trying to find their niche,” he said during a fireside chat at the 2016 Auto Finance Summit. “The problem is, it’s very hard […]
  • Larissa Padden
  • November 11, 2016
  • 0

Toyota’s George Borst Urges Innovation to Prep for Future Growth

LAS VEGAS ― With rising new-car sales, pent-up demand, and strong capital markets, the pieces are in place for a solid auto finance rebound. But to lock in the recovery, lenders will have to weave innovation into their strategic plans, said George Borst, president and chief executive of Toyota Financial Services, during his keynote address […]
  • Marcie Belles
  • May 24, 2013
  • 1