Risk Management
Fitch: Alternative Lending Competition Could Loosen Underwriting
Just how big is the alternative auto lending space and how might it impact the mainstream lending market? The short...
The Mess at Condor Capital Signals Stiffer State Oversight
Legal action brought by New York State last month against Condor Capital Corp., a Long Island subprime lender accused of...
Valley Plans To Grow Auto in Florida
Valley National Bank announced on May 8 that it will acquire 1st United Bancorp. Auto lending accounts for almost 30%...
Alternative Credit Scoring Helps Widen Pool of Eligible Borrowers
There are many individuals that are currently invisible to lenders who would make great customers. Two credit-scoring companies have come up...
Alternative Credit Scoring Helps Widen Pool of Eligible Borrowers
Alternative scorers have built models that report more quickly and frequently than traditional scorers, and have access to consumers that...
Judge Grants Wells Fargo Rights in Condor Case
A Federal judge granted Wells Fargo & Co. the right to participate in the lawsuit filed against Condor Capital by New...
Audit Checklist Could Change Remarketing Compliance
Compliance, the buzzword du jour in auto finance today, is even extending to remarketing. The latest compliance innovation to aid remarketers...
The IT That Can Improve Dealer Comp Consistency
As the Consumer Financial Protection Bureau (CFPB) continues to expand the reach of its regulatory oversight, indirect auto lenders are...
