Non Prime Times - Official Publication of the NAF Association

Trends

Navigating the Future of Remote Work: Trends & Innovations

Tom Allanson - November 4, 2024

Association

NAF Association Hosts Compliance Champions Workshop for Auto Finance Professionals

Credit Process

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

Finance and Insurance

When Is a Sale Final? Not Always as Early as You’d Like It to Be

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...

Technology

Subprime Lenders Must Share Data and Leverage Fintechs to Fight New AI Fraud Risks

Tom Oscherwitz - April 29, 2024

Last month, the Department of the Treasury issued a troubling report warning banks they are at-risk of emerging AI fraud threats. The culprit is...

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

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...

Industry

How are Auto Insurers and Subprime Lenders Leveraging Advanced Data Scoring to Provide More Custom Packages

Bob Homer - August 5, 2024

Today’s automotive and auto insurance industry continues to evolve, driven by the integration of advanced data, analytics, and data scoring technologies. This shift is...

UPCOMING EVENTS

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...

Compliance

Pay Now (or Pay Later), but Later May Cost a Whole Lot More

Eric Johnson -

The Consumer Financial Protection Bureau has long required that an institution within the scope...

PORTFOLIO MANAGEMENT

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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...

Portfolio Management

Sense and Nonsense About Credit Models – Part I

Daniel Parry -

Auto finance, as we know it today, really began in the late 1980s with...

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

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...

Association

Payment and Collections

Finance and Insurance

Business Strategies

How will Dealers Overcome Affordability Challenges to Maximize Summer Sales Opportunities?

Anjelica Jeffreys -

July and the Independence Day holiday represents an exciting time for the auto industry,...