Subprime Lender

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Auto Lending and the New MLA Rule

January 20, 2018 Cucolle1

Impact of the New Military Lending Act Guidance Wednesday, January 24, 2018 10:00 PST...

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Uber Selling U.S. Subprime Vehicle-Leasing Business

December 28, 2017 Cucolle1

Uber has struck an accord to sell its auto-leasing business to startup car marketplace...

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Repossession Crisis on the Horizon?

December 22, 2017 Cucolle1

GUEST EDITORIAL Most of us remember the repo boom in 2008-2010 when the housing...

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NY Fed: Auto Loan Delinquencies Rising in the “Sub-Prime” Market

November 27, 2017 Cucolle1

New York, NY – 21 November 2017 – The growth in household debt can...

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Starting a Repo Company – The Numbers Don’t Work!

July 13, 2017 Cucolle1

Editorial In March of 2017, my 16 years of employment with the credit union...

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Angry Borrower Makes Bomb Threats to Lender and Families

June 8, 2017 Cucolle1

Kansas City, MO – 7 June 2017 – Jackson County Prosecutors charged a 30-year-old...

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Auto Loan Fraud Soars

May 11, 2017 Cucolle1

Up to 1% of car loan applications include deception, firm says Borrower fraud in...

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Subprime Auto Loan Losses Reach Highest Level since the Financial Crisis

March 13, 2017 Cucolle1

Subprime net loss rate in auto bonds rose to 9.1% in January U.S. subprime...

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Santander Decides Not to Use GPS

February 27, 2017 Cucolle1

Dallas-based Santander Consumer USA Holdings Inc., one of the country’s biggest subprime auto lenders,...

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Auto Sales: The Party May be Over

January 10, 2017 Cucolle1

Car sales are near record levels. But this is a time of uncertainty for...

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John Oliver Blasts Sub-Prime Auto Lending and Repossessions

August 16, 2016 Cucolle1 2

August 16, 2016 – Earlier this month, English HBO comedian and commentator took aim...

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Santander Agrees to pay $9.3M for Violating Servicemen’s Rights

March 3, 2015 Cucolle1

Washington, DC – February 25, 2015 — Auto lender Santander Consumer USA agreed to...

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Subprime Lender Spends Years and Thousands to Fight $2,300 Judgment

February 14, 2013 Cucolle1 1

Milwaukee County, WI – February 12, 2013 – How much would time and money...