Non Prime Times - Official Publication of the NAF Association

Industry

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

Karl Falk - September 23, 2024

Why Chatbots Might Be Failing for Subprime Lenders

Trends

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

Legal

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

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

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...

Compliance

The FTC’s CARS Rule and Auto Creditors: Why Covered Dealers Are Not the Only Businesses that Need to Worry About Compliance

Jean Noonan -

The Federal Trade Commission's final trade regulation rule is designed to transform the vehicle...

PORTFOLIO MANAGEMENT

Sponsored by:Southern Capital Finance Group

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

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...

Credit Process

Where Lenders See Opportunities and Challenges in Adopting More Automation for their Operations

Adine Deford -

Auto lenders for both prime and subprime audiences recognize the need and importance advanced...

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...

Trends

How Are Stagnant Auto Sales Impacting Organizational Digital Transformation Strategies?

Tim Yalich -

As we near the mid-way point of the 2024 year, there are many fascinating...

ASSOCIATION

Unlocking Insights: The Essential 2024 Non-Prime Auto Financing Survey Report

Jennifer Martin -

The non-prime auto financing sector has undergone significant shifts over the past two years,...

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,...