Auto Finance Receivables Archives - Page 3 of 29

October 1, 2015 in Auto Finance Receivables

CFPB Orders Indirect Auto Finance Company to Pay $48.3M in Relief and Penalties for Illegal Debt Collection Tactics

The Consumer Financial Protection Bureau (CFPB) announced this afternoon an enforcement action against an indirect auto finance company and its auto title lending subsidiary for pressuring borrowers using illegal debt...

September 30, 2015 by Aaron Steinberg in Auto Finance Receivables

Congress Grills CFPB Director over New Rules, Bureau Methods

Consumer Financial Protection Bureau Director Richard Cordray was the sole witness at the House Committee on Financial Services Hearing yesterday, a hearing occasioned by the CFPB’s Semi-Annual Report. Throughout the...

July 29, 2015 by Tim Bauer in Accounts Receivable Management

The 986 Words That Have Guided First Party Outsourcing for 15 Years

Part One of a Three Part Series on First Party Outsourcing On May 1, 2000 the Federal Trade Commission (FTC) issued an Opinion Letter to Mr. Richard deMayo in response...

June 22, 2015 in Auto Finance Receivables

insideARM Announces Inaugural First Party Outsourcing Summit October 13-14, 2015

insideARM.com and The iA Institute formally announced today the ARM industry’s first ever conference focusing on First Party Collections and First Party Outsourcing. The inaugural event will be held on...

June 18, 2015 by Tim Bauer in Auto Finance Receivables

CFPB Takes Action Against Auto Finance Company for Debt Collection UDAAP Violation

Yesterday the Consumer Financial Protection Bureau (CFPB) announced it was taking action against a lender that focused on making automobile loans to servicemembers. The CFPB alleges that Security National Automotive...

June 11, 2015 by Tim Bauer in Auto Finance Receivables

CFPB Finalizes Rule to Supervise Nonbank Auto Finance Companies

Yesterday the Consumer Financial Protection Bureau (CFPB) published a rule that will allow the agency to supervise larger nonbank auto finance companies for the first time. Auto loans are the...

March 25, 2015 by Kaulkin Ginsberg in Auto Finance Receivables

Assessing the Consumer Credit Market with an Eye to ARM

Since the Great Recession, the road to recovery for the accounts receivable management (ARM) industry has been particularly bumpy. Adjusting to economic fluctuations has been challenging for service providers and...

January 8, 2015 in Auto Finance Receivables

Consumer Debt Delinquencies Continued Broad Decline in Third Quarter

Delinquencies continued to decline in last year’s third quarter, falling in seven out of 11 categories as the economy improved and consumers responsibly managed their finances, according to results from...

December 17, 2014 by Patrick Lunsford in Auto Finance Receivables

Big Shifts in Debt by Age: A Very Literal Interpretation of Knowing Your Debtor

Patrick Lunsford A recent credit report study from TransUnion found that the composition of loans that people typically carry has materially changed for both the youngest and oldest segments of...

December 15, 2014 by Patrick Lunsford in Auto Finance Receivables

SEC Takes Action Against Hedge Fund Managed by Debt Collector

Think you’ve seen it all in the ARM industry? Here’s a new one: The Securities and Exchange Commission last week launched legal action against a hedge fund and its owners...

Auto Finance Receivables