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Credit Process
Where Lenders See Opportunities and Challenges in Adopting More Automation for their Operations
Auto lenders for both prime and subprime audiences recognize the need and importance advanced data technology has on their overall operations, as well as...
Lending Without Stipulations: Empowering More Sub-prime Lenders to Enable Greater Credit Access
While everyone wants a faster, more digital loan application process, those with less money and bad credit often must wait longer and submit more...
Blowing It Up
Why subprime auto lenders fail
Over the years, many of my articles have dealt with debunking journalist’s hit-jobs on the subprime auto finance industry. Auto...
Preventing Performance Shocks
In the fourth quarter of 2022, many auto lenders were surprised by elevated levels of delinquency and charge-off that have continued through the first...
Embracing a Big Picture View of Credit Risk
The third quarter of 2022 concluded with numerous signs suggesting negative economic headwinds are upon us. The Wall Street Journal reported on October 23...
Can Theory Be a Substitute for Evidence? The CFPB and ‘Unfair’ Subprime Auto Credit
When I was a young attorney at the Federal Trade Commission, the FTC’s Bureau of Competition was bogged down with some massive antitrust litigation...