Lenders Advised to Take Action to Invest in Mobility [VIDEO]

As mobility services continue to grow, transforming the auto finance landscape, lenders are advised to take action to keep up with the evolving auto space, several executives said during a panel discussion at the 2017 Auto Finance Summit last October. “The people we are in business with are not watching, but a lot of people are […]
  • Matthew Wood
  • February 22, 2018
  • 0

Disruptive Economy Offers ‘Big Role’ for Auto Lenders, GM Financial CEO Says [VIDEO]

Mobility and disruptive technology continue to develop in the automotive industry, and there’s a “big role” for auto finance companies in a disruptive economy, according to Dan Berce, president and chief executive of General Motors Financial Co. As General Motors Co. — GM Financial’s parent — takes more strides into emerging mobility and autonomous technologies, […]
  • Matthew Wood
  • February 1, 2018
  • 0

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

Compliance Training: Feed the Troops, Keep It Fun, Toyota Financial Says

LAS VEGAS — To raise awareness about compliance throughout an organization, it pays to keep training as informal and engaging as possible, said Linda Iannone, chief compliance officer for Toyota Financial Services. It may sound funny, but in all seriousness the importance of serving food also should not be underestimated, she said at the Auto […]
  • Jim Henry
  • November 18, 2015
  • 0

Lenders Beware of ‘Scary Deals,’ Western Funding President Warns

If the auto finance industry continues to see deteriorating conditions like rising LTVs and lengthening loan terms, things could be headed for trouble, Guerin Senter, President of Western Funding said at the Auto Finance Summit 2015 last month. “I think if the industry continues down the current trend, with these advanced rates and the advance […]
  • Larissa Padden
  • November 4, 2015
  • 1

‘Drive the Innovation, or be Driven Out,’ Exeter CEO Tells AFS Attendees

LAS VEGAS — The auto finance industry is changing. It’s just a matter of how fast, Exeter Finance Corp. Chief Executive Tom Anderson said in his keynote address at the Auto Finance Summit 2015 yesterday. The auto finance industry is an integral part of the economy. It employs millions and generates billions, and as a […]
  • Larissa Padden
  • October 23, 2015
  • 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
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