Jim Henry

E-Mail: autonews@crain.com

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Recent articles
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. ...


CFPB takes new tack in auto lender crackdown
12:01 am U.S. ET | Aug. 25
The Consumer Financial Protection Bureau took a fresh approach to cracking down on auto lenders, citing one group for failing to furnish accurate customer data to credit ...


CFPB fines subprime lender First Investors Financial Services Group for sending credit bureaus inaccurate info
12:30 pm U.S. ET | Aug. 20 | UPDATED: 8/20/14 12:56 pm ET - adds First Investors comment
The Consumer Financial Protection Bureau fined subprime auto lender First Investors Financial Services Group nearly $3 million for knowingly providing inaccurate informat ...


Did dealers hurt themselves with the carve out?
12:01 am U.S. ET | Aug. 20
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, ...


Auto loans could get boost from revamped FICO scores
12:01 am U.S. ET | Aug. 20
A planned update in the way FICO scores are calculated should help some borrowers qualify more easily for auto loans by putting less weight on overdue medical debt when c ...


Asbury targets underperformers, training as F&I gains stall
12:01 am U.S. ET | Aug. 20
Asbury Automotive Group's improvement in average F&I revenues per vehicle retailed has stalled this year. ...


Subprime auto loan growth is 'less pronounced' in context, Fed analysts say
12:01 am U.S. ET | Aug. 20
While auto lending is rising in all credit categories, subprime auto loans are growing the fastest because that segment dropped the most during the downturn, according to ...


The New York Times editorial got it wrong
12:01 am U.S. ET | Aug. 18
An editorial in the Saturday, Aug. 9, issue of The New York Times made unreasonable demands on dealers and automotive lenders while grossly misrepresenting automotive len ...


Toyota: Favorable auto finance climate to continue driving U.S. retail volume
12:01 am U.S. ET | Aug. 13
An auto finance environment favorable to many U.S. consumers will continue to provide a tailwind for higher retail auto sales in 2014, a top Toyota executive said Tuesday ...


Subprime auto loans' risk is acceptable, analysts say
5:42 pm U.S. ET | Aug. 13
The rising number of subprime auto loans doesn't represent a disaster waiting to happen, akin to the mountain of subprime mortgages that went bad and set off the Great Re ...


N.Y. Times' demands are misguided
12:01 am U.S. ET | Aug. 13
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. ...


NADA, AFSA dispute New York Times editorial on subprime auto loans
12:01 am U.S. ET | Aug. 13
Auto dealer and lender groups are howling in protest at an editorial in Saturday's New York Times that equated subprime auto loans with subprime mortgages. ...


Flat fees for F&I products? It's possible
12:01 am U.S. ET | Aug. 13
It's a matter of "when" rather than "if" U.S. regulators will force auto lenders to switch to flat fees from dealer reserve, says John Pappanastos, CEO of EFG Companies, ...


Subprime lender learns FTC's 'not cutting any slack'
12:01 am U.S. ET | Aug. 11
Subprime auto lender Consumer Portfolio Services learned some costly but valuable lessons from a $5.5 million consent order with the Federal Trade Commission this year. ...


Lenders wary of feds' scrutiny
12:01 am U.S. ET | Aug. 11
The U.S. Department of Justice sent subpoenas to the two largest issuers of securities based on subprime auto loans, leaving other subprime lenders to wonder what the age ...


After probe of Santander, GM Financial, who's next among subprime auto lenders?
2:54 pm U.S. ET | Aug. 8
Other subprime auto lenders that issue asset-backed securities are wondering whether they're next after Santander Consumer USA followed GM Financial as the subject of a s ...


GM Financial subpoena opens new front in auto lending crackdown
12:01 am U.S. ET | Aug. 6
The U.S. Department of Justice opened a new front in a multifaceted crackdown on auto lending by federal regulators when it subpoenaed GM Financial last month to produce ...


Chrysler Capital seeks to regain retail share lost in Q2
12:01 am U.S. ET | Aug. 6
Chrysler Capital, the preferred lender for Chrysler Group, cut back on some near-prime and subprime originations to Chrysler Group customers in April and May because comp ...


Ally's insurance operations reap fewer revenues in Q2
12:01 am U.S. ET | Aug. 6
Ally Financial's revenue from the sale of extended service contracts dropped slightly in the second quarter, partly as a result of increasing lease volume. ...


Lenders listen to satisfy dealers
12:01 am U.S. ET | Aug. 4
As auto lenders seek to do a better job of serving dealers, there's no single solution, said Mark Kaczynski, CEO of captive finance company Nissan Motor Acceptance Corp., ...


Volume hot, profits not, for GM Financial, Ford Credit
12:01 am U.S. ET | July 30 | UPDATED: 8/1/14 9:50 am ET - corrected
North American auto loan and lease originations combined rose in the second quarter from the year-earlier period for both Ford Motor Co.'s and General Motors' captive fin ...


Dahlheim named CEO of VW Credit
12:01 am U.S. ET | July 30
VW Credit named CFO Christian Dahlheim CEO of the captive finance company today, succeeding Andrew Stuart, who left the company to become CEO of U.S. operations for TD Au ...


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