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So far Nacy has created 13 blog entries.

CFPB: Exams Give Opportunity for ‘Open Dialogue’

FORT WORTH — The Consumer Financial Protection Bureau’s approach to any market, in reference to the larger participant rule, “is pretty consistent,” Calvin Hagins, the CFPB’s deputy assistant director for originations in the Office of Supervision Policy told attendees at the Auto Finance Risk & Compliance Summit Monday. “The objective is to get an understanding of [...]

By |2016-05-16T13:12:01+00:00May 16th, 2016|News|0 Comments

Flat Fees Stiffen Competition for TEDCU

Moving to a flat-fee model for dealer compensation would make it “cheaper to get business,” but would lower the amount of deals Texas Dow Employee Credit Union would close with dealers in its market, said Chuck Smith, TDECU’s senior vice president and chief lending officer. “ I would love for everybody to go to a [...]

By |2016-05-16T13:11:52+00:00May 16th, 2016|News|0 Comments

Innovation Should Focus on the Customer, Wells Exec Says

Financial institutions have done a “good job” of increasing the “speed of change” in the industry, but innovation is not something that’s ever finished, according to Katherine McGee, head of digital product management at Wells Fargo Virtual Channels. However, Wells is not “innovating for the sake of innovating,” she said during CBA Live 2016, but rather because there’s [...]

By |2016-03-25T20:26:49+00:00March 25th, 2016|Uncategorized|0 Comments

Marketplace Lender Avant Debuts Auto Refinance Loans

Online marketplace lender Avant Inc. will now offer direct-to-consumer auto refinance loans, the company announced today. The new auto loan product will initially launch in California, and is expected to be live in Illinois and Georgia by early in the second quarter, with a national rollout expected by the third quarter, according to Avant. “Today’s middle-income consumers have to often settle [...]

By |2016-03-25T20:26:49+00:00March 25th, 2016|Auto Finance Report, News|0 Comments

CFPB Returned $5 Million to Military Members in 2015

The Consumer Financial Protection Bureau has returned more than $5 million “to the pockets of servicemembers and their families” in 2015, which the bureau recouped through enforcement actions, according to an annual report released today. “The complaints highlighted in today’s report show that members of the military continue to have serious problems when it comes [...]

By |2016-03-25T20:26:49+00:00March 25th, 2016|Uncategorized|0 Comments

Lenders Can Make Rideshare ‘Work,’ Analyst Says

Mobility and rideshare were at the top of the agenda during the 2016 New York Automotive Forum on Tuesday. Since technological developments around rideshare have already began transforming the auto industry, how will that affect the auto finance space? Car financing does fit into the rideshare model, Colin Langan, auto analyst at UBS, said during [...]

By |2016-03-25T20:26:48+00:00March 25th, 2016|Uncategorized|0 Comments

‘Usage-based’ Model on Horizon for Auto Finance

NEW YORK CITY – The car financing process will shift to a usage-based model, while credit scores will become obsolete. That’s the upshot from Guy Fraker, chief learning officer at AutonomousStuff, a supplier of products and services for the autonomous car space, on the future of auto finance in the world of connected mobility. “There [...]

By |2016-03-25T20:26:48+00:00March 25th, 2016|Uncategorized|0 Comments

TCI to Integrate TransUnion’s ID Manager

Teledata Communications Inc. will integrate TransUnion’s ID Manager fraud detection solution into its DecisionLender 4.0 loan origination platform, Bill Nass, TCI president, told Auto Finance News. The integrated platform is slated for release by the end of the second quarter. TransUnion’s ID Manager processes data from hundreds of credit and non-credit sources that is incorporated within [...]

By |2016-03-25T20:26:48+00:00March 25th, 2016|Uncategorized|0 Comments

Powersports Market is ‘Evening Out,’ Analysts Say

The powersports market is “a little slower than usual,” with only a 1% to 2% increase across the segments from February to March, Scott Yarbrough, editor of Black Book Official Motorcycle & Powersports Value Guide, told Powersports Finance. “Usually we would see bigger increases at this time of year,” he added.

By |2016-03-25T20:26:48+00:00March 25th, 2016|Uncategorized|0 Comments
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