Open Lending Blog (12)

Dec 12
2 min

What a Dealer Wants in its Lenders

Offering loans through auto dealerships has been a long-proven way of financing automobile purchases for the American public. It makes the...

Dec 6
2 min

Regulators’ Statement on Alternative Data in Lending is Spot on

Earlier this week, the federal banking and credit union regulators issued a joint statement focused on the consumer protection implications regarding...

Nov 19
1 min

Lending Peace of Mind for Borrowers and Your Credit Union

The Wall Street Journal recently featured an article, "A $45,000 Loan for a $27,000 Ride", which discusses how rising car prices and consumer...

Nov 11
2 min

CFPB Creating Task Force on Consumer Finance – Could Be a Good Thing

A few weeks ago, the Consumer Financial Protection Bureau announced it was developing a task force to study the existing legal and regulatory hurdles...

Nov 5
2 min

Relationships with Dealers are Key in Indirect Lending

In our ever-evolving digital world, relationships sometimes seem to be more with our computer screens and our phones rather than with the human...

Oct 30
1 min

CECL Policy and Guidance Raise Reserve Concerns

Last week, the federal banking regulators issued guidance and policy statements regarding implementation of FASB’s Current Expected Credit Losses for...

Oct 18
2 min

Open Lending Hosts Executive Lending Roundtable

We have three days of networking and knowledge to be shared! We’ll show you how to grow your auto lending portfolio by leveraging alternative data,...

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...