More Efficiency, Less Risk: new facets to auto loan portfolio management
Blog Posts
Join us on Wednesday December 11 at 2:00 p.m. ET for More Efficiency, Less Risk: new facets to auto loan portfolio management, presented by Experian.
With automotive retailing constantly evolving, portfolio management – often left on cruise control – can benefit greatly from some out-of-the-box thinking: Experian data reports 276M cars on the road today, 85% of new cars being financed and nearly three-quarters of new loans carrying terms beyond 60 months.* At the same time, Dealertrack research indicates over 13M financed vehicles will be traded in or suffer total loss by the end of the year. This webinar exposes the pandora’s box of payoff, negotiation and title management inefficiencies – and ways lenders can plug process gaps that drive up their cost of doing business.
Over the weekend, The Wall Street Journal published a story entitled “More Borrowers Are Going Underwater on Car Loans.” The story dramatizes the experiences of a handful of consumers who have refinanced their auto loan or rolled… Read the rest
The Military Times this morning published an op-ed from AFSA President & CEO Bill Himpler entitled On consumer credit and unintended consequences. The piece pushes back on an early op-ed arguing in favor of rate cap legislation. … Read the rest
As California’s fire fighters continue to contain the state’s wildfires, residents in Northern and Southern California have begun to return to those areas that have been deemed safe to pick up the pieces and rebuild what was … Read the rest
In this episode of the Extra Credit Podcast we speak with Paul Hale, Senior Vice President of Security Finance Corp. and President of the 2019 AFSAEF Leadership Development Program at UNC. We pull off to the side of AFSA’s Annual Meeting… Read the rest
The Consumer Financial Protection Bureau (CFPB) on Wednesday will host a symposium on Section 1071 of the Dodd-Frank Act and “will provide a public forum for the Bureau and the public to hear various perspectives on the small business… Read the rest
The American Financial Services Association participated in a session at the Association for Corporate Counsel’s annual meeting this week. The session, Call Me Maybe? The Financial Services’ Perspective on the Telephone… Read the rest
In this edition of the AFSA CEO Update, Bill Himpler speaks about the key issues we learned about at the AFSA Annual Meeting and about how the association is responding back in Washington.
Bloomberg recently highlighted the online “payday lending” marketplace. While Bloomberg portrayed the type of loans as “installment loans,” they are a business model that leverages today’s online consumer… Read the rest
AFSA’s State Government Affairs (SGA) team this week sent a comment letter to Texas Attorney General Ken Paxton in response to an opinion request from a state representative regarding the Texas Finance code. In the request, the representative… Read the rest
