Subprime

JIM HENRY

BLOG: Finally, a lender owns up

11:45 am U.S. ET | April 29, 2015

Auto lenders carefully avoid citing their rivals, especially when they want to criticize. So it was refreshing when Ally's CEO figuratively raised his hand this week....
Read More »

JIM HENRY

BLOG: Size of average tax refund makes a decent down payment

11:45 am U.S. ET | March 18, 2015

For anybody keeping track -- which is to say, anybody interested in subprime auto lending – U.S. tax refunds have fallen a bit more behind than they were a few weeks ago....
Read More »

JIM HENRY

BLOG: Congressmen get testy with CFPB chief Cordray

11:45 am U.S. ET | March 11, 2015

The Consumer Financial Protection Bureau and its critics on the House Financial Services Committee traded jabs in a tense session last week as CFPB Director Richard Cordray presented the bureau's semiannual report....
Read More »

JIM HENRY

BLOG: The auto fallout from tax refund delays

11:45 am U.S. ET | March 4, 2015

Tax refund season is typically the high point of the year for subprime auto lenders, but so far the early tax refund statistics are down slightly from a year ago....
Read More »

JIM HENRY

BLOG: Lending practices face new scrutiny: States

11:30 am U.S. ET | Jan. 14, 2015

State officials aren't far behind the federal government in the present crackdown on auto lenders, especially in the subprime segment....
Read More »

JIM HENRY

BLOG: Wishing auto lenders a happy, rational new year

10:30 am U.S. ET | Dec. 30, 2014

Auto lenders are about to embark on another year of worry that the other guy will go “irrational” and start making money-losing loans to gain U.S. market share. They fret they'll be forced to decide whether to give up share or follow suit, sparking losses....
Read More »

ARLENA SAWYERS

BLOG: Popping the subprime bubble myth

12:01 am U.S. ET | Nov. 19, 2014

There is no subprime auto loan bubble, darn it. That message came through loud and clear in session after session during the recent Used Car Week conference sponsored in Las Vegas....
Read More »

JIM HENRY

BLOG: SEC joins pile of regulators probing subprime loan securitization

12:01 am U.S. ET | Nov. 5, 2014

It appears that when it comes to investigating the securitization of subprime auto loans, the bigger the mountain of regulators, the better....
Read More »

GM Financial faces government, state probes over subprime loans, securities

5:49 pm U.S. ET | Oct. 23, 2014

GM Financial disclosed Thursday it is being investigated by “state attorneys general and other governmental offices” in connection with subprime auto loans and the sale of subprime auto loans in the form of asset-backed securities....
Read More »

JIM HENRY

BLOG: Subprime is no runaway train

12:01 am U.S. ET | Oct. 8, 2014

There it goes again, as Ronald Reagan might have said. The New York Times is still hammering a theme that subprime auto loans will endanger the U.S. economy in the way that subprime mortgages helped bring about the Great Recession....
Read More »

JIM HENRY

BLOG: Lenders must look through consumers' eyes

12:01 am U.S. ET | Oct. 1, 2014

In the second of what's shaping up to be a series of attacks on subprime auto finance -- the first was in July -- The New York Times last week made a breathless page one story out of a years-old device: the vehicle starter interrupt....
Read More »

JIM HENRY

BLOG: The case for casting a wider net with credit apps

12:01 am U.S. ET | Sept. 17, 2014

Auto lenders complain they hate it when dealership F&I managers send them credit applications outside their preferred range of credit scores....
Read More »

Report: Lenders keeping lid on risky business

12:01 am U.S. ET | Sept. 8, 2014

Experian's latest State of the Automotive Finance Market report, covering the second quarter, suggests lenders aren't headed down any slippery slopes when it comes to discipline....
Read More »

JIM HENRY

BLOG: Did dealers hurt themselves with the carve out?

12:01 am U.S. ET | Aug. 20, 2014

There’s no mistaking that federal regulators are serious about policing auto lenders. By extension, auto dealers feel they’ve got a big target on their backs, too....
Read More »

JIM HENRY

BLOG: N.Y. Times' demands are misguided

12:01 am U.S. ET | Aug. 13, 2014

Subprime auto loans have gotten most of the attention, but an editorial in The New York Times on Saturday makes other demands dealers and lenders are sure to dislike....
Read More »

JIM HENRY

BLOG: N.Y. Times story on subprime offers feds ammunition

12:01 am U.S. ET | July 23, 2014

A withering account of subprime auto lending in Sunday's New York Times reinforces bad stereotypes about used-car dealers, smears subprime lenders and their investors, takes out of context an increase in delinquencies and loan losses from record lows, and provides ammunition to auto finance industry critics in Washington....
Read More »

JIM HENRY

BLOG: Who makes irrational loans? Not Me

12:01 am U.S. ET | June 18, 2014

Are the gremlins at it again in auto loans? Maybe they're to blame for so-called irrational competition, presumably the result of lenders making unprofitable loans to gain market share....
Read More »

Automotive News
Special Video Report
Colo. stores use cameras, computers to build transparency

Colo. stores use cameras, computers to build transparency

Planet Honda's technicians-turned-video directors are with one tap bringing the service bay to customers, while digital files are providing a clear snapshot of a used-car's history at Kuni Lexus of Greenwood...
» Watch the Video
     
News by Brand