How Does an eVault Transform Dealer and Sub-prime Lender Digital Operations?
With the continued increase of e-commerce, in 2021 the number of digital consumers stood at 2.14 billion – this means approximately 27.6 percent of...
Don’t Fear the (Digital) Reaper: Tips for Getting Past Digital Lending Fears
Auto finance professionals are swimming in a sea of technological possibility. There are so many software providers out there that promise to bring digitization...
Prepare Now for New FTC Regulations
Now that the comment period is closed for the proposed changes to the Federal Trade Commission regulations, the retail automotive industry is waiting to...
It Takes Two to Tango: Steps a Finance Company Can Take to Protect Its...
Finding a good dance partner can be difficult. If all goes well, your and your partner's steps and turns are in sync, and you...
George Washington and the FTC’s Fair Lending Ambuscade
To paraphrase George Washington, in its recent action against Passport Auto Group it could be said of the FTC:
The FTC is not reason, it...
Aren’t Regulations Fun?
Here it is July 2022 – Reg Z went into effect in July 1969, and many other statutes and regulations have followed. We never...
Time for a Tune-Up? Service Provider Relationships Under the Safeguards Rule
You may have heard some squeaking lately, investigated a little further, and determined that all the noise is about the Federal Trade Commission's Safeguards...
States are Joining the War on Voluntary Protection Products
When it comes to voluntary protection products, such as guaranteed asset protection, debt cancellation, credit insurance, service contracts, and vehicle protection products, the hottest...
How Financial Durability Insights Help Auto Lenders Entering 2022
Between government stimulus checks, loan accommodations, and fewer opportunities to spend on discretionary items like vacations and travel because of pandemic restrictions, the overall...
Lending a Hand with Portfolio Analysis Automation
The pandemic has created challenges that have had a unique effect on the auto industry. A lack of supply, specifically a computer chip shortage,...
Lenders Must Reduce the Impact of Fraud to Improve Bottom Line
In the October 4 issue of Non-Prime Times, in his article “Lien Sale Piracy – What Every Lender Needs to Know”, Dennis LeVine identified...
Lien Sale Piracy – What Every Lender Needs to Know
Most loans to consumers involve either cars or mortgages. With real estate, a lender will almost never lose its first priority lien position. When...
