#LoanOriginations
Metaxas: License Plate Recognition Can Improve Originations
Aside from GPS-equipped starter interrupt systems, lenders have another tool to repossess a vehicle, with the added benefit of using the data obtained to acquire better contracts: license plate recognition.
GM Financial Subpoenaed By DOJ In Subprime Lending Review
While the parent company goes through the federal ringer over product safety, GM Financial is under the gun after receiving a subpoena from the U.S. Department of Justice regarding potential deceptive practices in subprime lending.
Chrysler Capital Waxes, Ally Wanes On Q1 2014 Auto Financing Originations
Doing business with Chrysler proved to be a boom for Santander Consumer USA’s Chrysler Capital during Q1 2014, while former lending partner Ally Financial experienced a painful bust on its Pentastar originations.
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