Open Lending Blog | John Flynn (12)

Oct 9
2 min

TILA: Regulatory Compliance as Credit Union Member Service

The Truth in Lending Act, codified in Reg Z, came about in 1968 to protect consumers from unfair credit practices. The regulation has been amended...

Oct 2
1 min

Data & Technology Can Help You Make More Car Loans

For a long time in the banking industry, people felt that technology would be the death knell for the traditional bank branch. Online banking would...

Sep 25
2 min

Reach Young Borrowers Where They Are

The millennials and Gen Z are about to become half of the workforce, according to a research report from Futurum Research. This same study marks this...

Sep 18
2 min

Using Data to Market Auto Loans in a Slowdown

According to a recent report from the NY Federal Reserve, delinquencies on auto loans are on the rise. In the second quarter, 90+ day...

Sep 12
2 min

Diversify Liquidity to Keep Making Loans

I saw many credit union friends earlier this week at NAFCU’s Congressional Caucus, of which we are a Preferred Partner, and had the opportunity...

Sep 5
2 min

What the NCUA FOM Ruling Means for Credit Union Lending

Just a couple of days ago, an appellate court ruled in favor of the NCUA’s 2016 expanded field of membership regulations. The American Bankers...

Aug 29
2 min

5 Trends in Auto Lending You Can't Afford to Miss

July 2019 experienced a 1.8% decrease in auto sales versus a year ago, according to WalletHub.

That doesn’t mean it’s down for the count!...

Aug 21
1 min

Rev Up Your Auto Loan Portfolio Profitability

Consumers’ credit scores are critical to making safe, profitable loans that benefit your credit union and its members, but they are not the only...

Aug 15
2 min

Open Lending Brings on Chief Risk Officer

I am very pleased to announce that Open Lending recently welcomed Kenn Wardle to our executive leadership team as chief risk officer. His vast...

Aug 9
1 min

Credit Unions Should Serve the 'New Middle Class'

I recently ran across an article from The Center for the New Middle Class, Understanding the Drivers of Nonprime Credit, and it’s been percolating...