Non Prime Times - Official Publication of the NAF Association

Industry

Working Together: How Subprime Industry Players are Fighting Back Against Digital Fraud

Jessica Gonzalez - December 16, 2024

Portfolio Management

Understanding the Benefits of Today’s Advanced Technology When Subprime Lenders and Dealers Leverage Direct-From-Consumer Vehicle Sourcing

Business Strategies

Safeguarding Customer Data: The Critical Role of Encryption for Subprime Lenders

Association

A Season of Thanksgiving: Celebrating Our Community and Inviting New Members to the Table

TECHNOLOGY

From Rates to Refunds: Tips to Accommodate a Subprime Refinancing Bump in 2025

Jessica Gonzalez - November 13, 2024

As we approach 2025, the subprime lending landscape is poised for a significant shift, driven by the Federal Reserve's interest rate reductions in the...

Technology

Cyber Threats will Persist until Sub-prime Lenders and Dealers Prioritize Secure Digital Transport of Data

Karl Falk - August 19, 2024

In the wake of recent cyber-attack threats and ransomware events, data privacy concerns have never been more top-of-mind for subprime lenders, auto retailers and...

LEGAL

CFPB Issues Consent Order Related to Bank’s Duplicative Force-Placed Insurance Policies

Frank Bishop - September 3, 2024

On July 9, 2024, the Consumer Financial Protection Bureau issued a consent order against a nationally chartered bank that, among other things, includes a...

Legal

CFPB’s Supervisory Highlights Cite Auto Loan Furnishers for Allegedly Deficient Credit Reporting Practices

Eric Mulligan - May 14, 2024

The Consumer Financial Protection Bureau recently released the Spring 2024 edition of its Supervisory Highlights. This edition focuses on alleged violations of credit reporting...

INDUSTRY

Working Together: How Subprime Industry Players are Fighting Back Against Digital Fraud

Jessica Gonzalez - December 16, 2024

Three dealers had fallen victim to the same sophisticated fraud scheme in just one week. The story spreading through dealership and subprime lender break...

Industry

Why the Future of Lender Data Privacy Mirrors the Stringent Measures in Finance and Healthcare

Karl Falk - September 23, 2024

As data breaches and cyber threats are more prevalent than ever in the subprime auto lender industry, the importance of data privacy and the...

UPCOMING EVENTS

COMPLIANCE

Understanding Section 1071 of the Dodd-Frank Act: What Subprime Lenders Need to Know

Jason Keller and Tatyana Wentler -

Subprime auto lenders across the U.S. must prepare for the forthcoming compliance requirements tied...

Compliance

Based on CFPB Documented Consumer Complaints, are Junk Fees Really in the Spotlight?

Tom Oscherwitz -

If you are a subprime auto lender, it’s worth keeping your eye on the...

PORTFOLIO MANAGEMENT

Sponsored by:Southern Capital Finance Group

Portfolio Management

Understanding the Benefits of Today’s Advanced Technology When Subprime Lenders and Dealers Leverage Direct-From-Consumer Vehicle Sourcing

Brad Parker -

The subprime finance landscape has undergone significant change in recent years, with lenders facing...

Portfolio Management

Sense and Nonsense About Credit Models – Part II

Daniel Parry -

A curious trend that has become more pronounced since the pandemic is that many...

AI

Why Chatbots Might Be Failing for Subprime Lenders

Jessica Gonzalez -

As we head into the last few months of 2024, adoption of artificial intelligence...

Modernizing Document and Income Verification in Auto Leasing with AI

Jessica Gonzalez -

Vehicle leasing has returned to a spirited level of activity on dealer lots this...

CREDIT PROCESS

Are Subprime Lenders Prepared for a Potential Rise in Auto Loan Refinancing by Q1 2025

Tim Yalich -

As we approach 2025, subprime auto lenders are keeping a close eye on the...

Credit Process

The Best Place to Start for Subprime Lenders Moving from Paper-based Document Processes to Digital

Tim Yalich and Jessica Gonzalez -

The subprime auto lending industry is undergoing a noticeable digitization evolution, driven by advancements...

TRENDS

Navigating the Future of Remote Work: Trends & Innovations

Tom Allanson -

How are your teams currently working? Are they fully remote, entirely in the office,...

Trends

Where did the Sub-prime Industry See Digital Transformation Improvements in the Second Quarter?

Tim Yalich -

Digital transformation in the subprime industry has largely focused on the consumer-facing side, modernizing...

ASSOCIATION

A Season of Thanksgiving: Celebrating Our Community and Inviting New Members to the Table

Jennifer Martin -

As we move into the season of Thanksgiving, the NAF Association team is filled...

Association

NAF Association Hosts Compliance Champions Workshop for Auto Finance Professionals

Editor -

The National Automotive Finance (NAF) Association gathered more than 50 auto finance professionals this...

PAYMENT and COLLECTIONS

CFPB’s Recent Supervisory Highlights Edition Reminds You to Keep Consumers Informed

Eric Mulligan -

The Consumer Financial Protection Bureau recently released its 34th issue of Supervisory Highlights, a...

Payment and Collections

Finance and Insurance

Business Strategies

Cure for the Summertime Blues

Tom Allanson -

Summer has officially arrived and unless you are in the HVAC business or own...