Risk Factors to Watch in 2019

Joe Cioffi chairs the insolvency, creditors’ rights, and financial products practice group at New York law firm Davis & Gilbert.  He recently spoke with Auto Finance News about the risks factors to watch in 2019. An edited version of the interview follows. Auto Finance News: What’s the outlook for auto finance companies? JC: Lenders should […]
  • Nicole Casperson
  • January 2, 2019
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3 Measures of Dealership Risk for Auto Finance Companies

Why isn’t there a Fico score for measuring dealerships? Auto finance companies use several different tools like D&B, LexisNexis, and AutoCount to measure dealerships. Sophisticated companies go further and build their own scorecards. While figuring out which dealerships are healthy and reliable is a common goal, the industry approaches this problem in a very fractured […]
  • Josh Wortman
  • August 18, 2017
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What Gets Measured Gets Done: Establishing Key Risk Indicators to Measure Compliance Health

When we visit a doctor, we learn much about our health risk based on various measurements. Doctors check our blood pressure, heart rate, and cholesterol levels, and then compare them to medically determined acceptable rates. If our results are higher than the acceptable rates, doctors will advise us how to manage those rates downward to […]
  • Linda Iannone
  • August 7, 2017
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6 Practical Tips for Compliance Management

Whether an auto lender has 100 compliance staffers or one, an effective compliance management system should be at the top of the priority list, said Richard Miller, chief compliance officer at Hyundai Capital America, in a session at the Auto Finance Risk & Compliance Summit last month. In a nutshell, a compliance management system – […]
  • Marcie Belles
  • June 7, 2017
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Driverless Cars Put Insurers on a Complex New Road

In August, Ford Motor Co. announced plans to produce fully autonomous cars by 2021. These vehicles will be manufactured in high-volume production and will be tailored for ride-hailing and ride-sharing operations, which means they will not have steering wheels, brake pedals, or other controls for human occupants. “This is a new world for insurers,” said […]
  • Quadrant Information Services
  • September 28, 2016
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Lenders Seek Balance When Investing in Innovation

It’s no secret that being first to market when investing in innovation can offer a competitive edge, but lenders must be prepared for the complications that come with investing in unproven technology. However, those that don’t lead the charge, risk being too late to the punch — so where is the balance? The real risk […]
  • Natalie Mattila
  • July 27, 2016
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Behavioral Analytics Trim Risk, Experts Say

If you are not at least exploring behavioral analytics in credit decisioning, you are lagging, according to Ray Antunez, credit risk manager at U.S. Auto Credit Corp. “What you start with is just going to be the information on the credit application, but you still need to at least make an effort to get out […]
  • Diana Asatryan
  • May 13, 2016
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CREDIT: Subprime Inches Up as Delinquencies Remain ‘Under Control’

Auto loan delinquencies are “under control,” despite a continued rise in subprime lending, while recent concern about a so-called subprime “bubble” slowly deflates. That’s the upshot of auto finance credit performance today, analysts said. Subprime Continues to Rise Subprime or nonprime loans, as a percent of all lending, are at 18.2%, according to Jason Laky, […]
  • Larissa Padden
  • August 26, 2015
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