CFPB Issues Policy Statement on ‘Abusiveness’: A Step in the Right Direction?

On January 24, the CFPB issued a Policy Statement to provide clarification on how it will apply the "abusiveness" standard in supervision and enforcement...

Message from NAF Association’s Executive Director

The National Automotive Finance (NAF) Association is the only trade association exclusively representing the interests of the non-prime auto finance industry. Our Annual Non-Prime...

Why History Doesn’t Need to Repeat Itself in Auto Lending

Talk of an approaching down-cycle has been increasing for some time, and the fundamentals remain under close scrutiny by all market participants. Like many,...

Actions Speak Louder than Words

One of my all-time favorite sayings is “actions speaker louder than words.” Or, in other words, what you do has a stronger impact on...

Fraud Friday 2019

2018 marks the year that the NAF Association placed tremendous focus on the topic of fraud in auto. Last year’s efforts by the association...

We Need to Hear from You

In this issue of Non-Prime Times, Joel Kennedy, president of the NAF Association, has written an excellent article about the Association. In it he...

2019 Annual Conference Wrap-Up

They say everything is bigger in Texas. Well, it doesn’t get much bigger than this year’s 23rd Annual NAF Association Non-Prime Auto Financing Conference...

Meeting with the CFPB

Joel Kennedy, the newly elected president of the NAF Association, and I met recently with CFPB representatives Jennifer Stockett, Deputy Assistant Director, Office of...

The NAF Association Road Forward – Lender Guidance

The National Automotive Finance Association (NAF Association) was organized in 1996, with the mission of exclusively serving the non-prime auto finance industry. Since inception,...

The Case for Unifying Standards in the Recovery Process

In 2018, the National Automotive Finance Association (NAF Association) joined forces with the American Recovery Association (ARA) and assembled a working group of banks...