Low income car buyers face many challenges when applying for auto loans. And while that isn’t disputed, the root cause of the friction is often debated. The hope is that we protect consumers from predatory lending while making it easy and acceptable to obtain credit – without making people jump through hoops. Our data shows …
Lenders Champion the Way Towards Income Inclusivity Read More »
Lending is a difficult business. And it’s hard enough dealing with the ordinary risks in consumer lending. But lenders also deal with an overwhelming, ever-changing body of regulation. Fortunately, there are ways to mitigate the risk. One of the best is ensuring that data used in evaluating loans is complete and accurate. In that way …
Compliance & Regulatory Issues Affecting Consumer Lenders Read More »
In 2023, lenders are anticipating fraud losses and litigation expenses. Q4 2022 earnings calls had a constant theme — risks and controls, and digital transformation are priorities for many of the top lenders. Originations seem to be trending down and charge offs are increasing, as lenders found their credit policies riskier than expected. But, lenders …
The Informed Team is just back from an event we dubbed “Dallas Auto Week.” The AFSA Vehicle Finance Conference and the 2023 NADA Show ran back to back, making it easy for the team to hit both events. We were excited by the energy at the events and energized for the year ahead. Below are …
