Jim Henry

E-Mail: autonews@crain.com

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Recent articles
CFPB's latest guide on discrimination falls short, auto lenders, dealers say
3:28 pm U.S. ET | Sept. 18
Auto lenders and dealers are largely disappointed with a long-awaited report by the Consumer Financial Protection Bureau that outlines the bureau's method for finding dis ...


NADA calls on CFPB to accept dealer group's anti-discrimination approach
11:00 am U.S. ET | Sept. 18
The National Automobile Dealers Association called on the Consumer Financial Protection Bureau to recognize NADA's Fair Credit Compliance Policy & Program as a valid way ...


CFPB finds discrimination in auto lending at banks, looks to oversee captives
5:45 pm U.S. ET | Sept. 17 | UPDATED: 9/17/14 6:45 pm ET - adds details
The nation's consumer finance regulator found discrimination against minority borrowers at several unnamed banks tied to dealer discretion in setting dealer reserve, the ...


CFPB to shed light on identifying protected classes
12:01 am U.S. ET | Sept. 17 | UPDATED: 9/17/14 6:29 pm ET - corrected
The Consumer Financial Protection Bureau is due to issue a white paper soon -- perhaps even this week -- that spells out in greater detail exactly how the bureau determin ...


F&I panel: 'We can police ourselves'
12:01 am U.S. ET | Sept. 17
F&I administrators and dealerships should put price ceilings on F&I products to protect themselves from overregulation, a group of executives from F&I providers suggested ...


Late auto payments rise, but remain low, TransUnion says
12:01 am U.S. ET | Sept. 17
Auto loans delinquencies ticked up in the second quarter but remain low and pose no immediate threat to the auto-finance industry, an executive at credit bureau TransUnio ...


The case for casting a wider net with credit apps
12:01 am U.S. ET | Sept. 17
Auto lenders complain they hate it when dealership F&I managers send them credit applications outside their preferred range of credit scores. ...


Captives likely to get CFPB oversight
4:35 pm U.S. ET | Sept. 16
The Consumer Financial Protection Bureau is expected to issue an important new rule on Thursday defining which nonbank lenders -- including captive finance companies -- w ...


NADA backs renewed effort to curb CFPB oversight
11:19 am U.S. ET | Sept. 12
Critics of the Consumer Financial Protection Bureau are taking another run at curbing the bureau's regulatory tactics of issuing industry “guidance” and enter ...


For GM Financial, closer GM ties could mean cheaper funds
11:00 am U.S. ET | Sept. 10
General Motors always intended to build GM Financial, formerly subprime lender AmeriCredit, into a full-service captive finance company. ...


Cheap deals drive leasing to new high
11:00 am U.S. ET | Sept. 10
Cheap lease deals helped drive the lease penetration rate to a new high in the second quarter of 2014, according to Experian Automotive. ...


For subprime lender, success is about dealer service
11:00 am U.S. ET | Sept. 10
Southern Auto Finance Co., a small, regional subprime lender in Fort Lauderdale, Fla. ...


Regulation forecast calls for rain, former CFPB exec says
11:00 am U.S. ET | Sept. 10
Rick Hackett, a former assistant director for the Consumer Financial Protection Bureau who was the bureau's liaison to the auto finance industry, predicted the bureau wou ...


F&I wait times have virtual repercussions
11:00 am U.S. ET | Sept. 10
Dealerships know that customer satisfaction suffers if car buyers spend time sitting outside the F&I office. ...


Is it wise to keep putting the car before the cash?
12:01 am U.S. ET | Sept. 8
Dealerships can and should take some of the risk out of making spot deliveries, experts say. ...


Credit unions take long-loan lead
12:01 am U.S. ET | Sept. 8
Credit unions are helping lead the charge into longer loan terms -- some longer than 84 months -- as customers seek to keep their monthly payments flat while taking out ...


Auto lenders curb loans to least-creditworthy customers
11:07 am U.S. ET | Sept. 3
Auto lenders hit the brakes on loans to customers with subprime and deep subprime credit in the second quarter of 2014, according to Experian Automotive. Loans to those c ...


New rules for asset-backed securities could impact subprime lenders
12:01 am U.S. ET | Sept. 3
The Securities and Exchange Commission last week laid out new rules for asset-backed securities, the financial practice in which lenders bundle loans and sell them off to ...


Who’s responsible for passing along bad credit info?
12:01 am U.S. ET | Sept. 3
Will dealerships catch fallout from the Consumer Financial Protection Bureau’s consent order last month with First Investors Financial Services Group? Experts disag ...


Sonic’s EchoPark stores will use self-branded products, financing
12:01 am U.S. ET | Sept. 3
Sonic Automotive is negotiating with auto lenders and F&I product administrators to provide private-label retail financing and F&I products for its new EchoPark stand-alo ...


Santander sued by investors over subprime lending practices
12:01 am U.S. ET | Sept. 3
A lawsuit seeking class-action status was filed against Santander Consumer USA last week on behalf of investors who claim the lender misled them about the company’s ...


Is CFPB guilty of spin?
12:01 am U.S. ET | Aug. 27
Remarks delivered by Consumer Financial Protection Bureau Director Richard Cordray and language used in a bureau statement last week were a lot harsher than the dry legal ...


Is rise in Q2 loan delinquencies a turning point?
12:01 am U.S. ET | Aug. 27
Industry-watchers insist that today's auto loan delinquency rates are low by historical standards. ...


F&I departments need a farm team
12:01 am U.S. ET | Aug. 27
The term “succession planning” is usually applied to dealer principals, but it can apply to F&I managers, too. ...


'No evidence' of subprime auto loan bubble, Equifax economist says
12:01 am U.S. ET | Aug. 27
Equifax has joined other financial data crunching firms that dispute there's an alarming subprime auto loan bubble that's about to burst. ...


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Calif. dealer champions chaplain services

Calif. dealer champions chaplain services

Calif. dealer Bill Hoehn has something few retailers have: A full-time chaplain. The chaplain provides care and support for employees, is available 24/7 for crisis needs and even presides over weddings. Mon., September 22
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