Recoveries poised for lift with repo drones (Under the Hood)
It’s a bird, it’s a plane, it’s a repossession drone. As recovery rates decline in the wake of lower prices...
Financiers must do more for inclusion of unbanked consumers (Under the Hood)
Though the unbanked population is shrinking, lenders must keep chipping away at financial inclusion to broaden access to credit products...
The predictive qualities of vinegar dressing (Under the Hood)
Lenders might soon have another tool in their arsenals to measure the creditworthiness of unbanked consumers: grocery transaction data. The...
U.K., Australian lawmakers crack down on dealer markups (Under the Hood)
Dealer markups are taking center stage in several lawsuits that could alter the auto finance landscape overseas. The U.K. Court...
Auto complaints from service members up 150% (Under the Hood)
While credit reporting issues topped service members’ list of complaints in 2023, grievances about vehicle loans and leases grew at...
Inside OneMain’s growth, Foursight integration with CEO Douglas Shulman (Under the Hood)
While each of OneMain Financial’s three, nonprime-focused product lines offers its own growth potential, the opportunity to cross-sell and leverage...
Under the Hood: Social sites shed light on consumers’ auto loan concerns
Financiers expect lending conditions to worsen, and dealers perceive the auto market as weak, according to recent surveys, but for...
Under the Hood: Collectors mindful of financial stressors could mitigate DQs
Consumers bogged down by mounting debt face increasing financial stress which, in turn, could trigger rising delinquency rates. . And...
