How Power Sports Tracking Enhances Your Safety
Power sports enthusiasts crave adventure. Whether you're exploring rugged trails on an ATV, tearing up the waves on a jet ski, or soaring through the air on a snowmobile, the [...]
The Benefits of Selling Auto Notes Receivables: A Perspective from AutoNote Solutions
In the dynamic world of automotive finance, selling auto notes receivables emerges as a strategic choice for many dealerships aiming to optimize cash flow, minimize risk, and focus on their [...]
Here is how you beat subprime finance companies from eating your lunch!
According to a recent report provided by Experian in 2015, buy-here, pay-here (BHPH) dealers have lost about 40% of market share to subprime finance companies, credit unions and franchised dealers. This [...]
CFPB: Exams Give Opportunity for ‘Open Dialogue’
FORT WORTH — The Consumer Financial Protection Bureau’s approach to any market, in reference to the larger participant rule, “is pretty consistent,” Calvin Hagins, the CFPB’s deputy assistant director for originations [...]
Flat Fees Stiffen Competition for TEDCU
Moving to a flat-fee model for dealer compensation would make it “cheaper to get business,” but would lower the amount of deals Texas Dow Employee Credit Union would close with [...]
Marketplace Lender Avant Debuts Auto Refinance Loans
Online marketplace lender Avant Inc. will now offer direct-to-consumer auto refinance loans, the company announced today. The new auto loan product will initially launch in California, and is expected to be live [...]
Innovation Should Focus on the Customer, Wells Exec Says
Financial institutions have done a “good job” of increasing the “speed of change” in the industry, but innovation is not something that’s ever finished, according to Katherine McGee, head of digital product [...]
CFPB Returned $5 Million to Military Members in 2015
The Consumer Financial Protection Bureau has returned more than $5 million “to the pockets of servicemembers and their families” in 2015, which the bureau recouped through enforcement actions, according to [...]
Tech is Trending in Powersports, Experts Say
With the powersports industry showing steady recovery post-recession, many lenders are increasing investments in digital capabilities to boost loan and lease volumes. MotoLease LLC, for example, utilizes all electronic files, which [...]
Best Practices in the Age of CFPB Oversight [SPONSORED]
As the Consumer Financial Protection Bureau continues to intensify its focus on the vehicle finance industry, every lender needs to be actively implementing best practices across their operations. Among the [...]