The subprime auto loan market is facing significant challenges that reflect broader economic pressures. As inflation continues to rise and interest rates remain elevated, borrowers are experiencing increasing financial strain. Rising delinquency rates and high…

Consumers are facing a troubling rise in credit delinquencies alongside a slowdown in new lending activity. Factors such as inflation and increased living costs are straining household budgets, with only 44% of Americans able to…

The debt collection industry is on the brink of a transformative shift, where adapting to digital innovation and heightened regulatory demands is no longer optional—it’s essential for survival. One major trend is the rise of…

At the ILFA 2024 conference, a panel of judges emphasized that mandatory legal finance disclosure is unnecessary and could harm litigation efficiency. Judges highlighted that such disclosure rarely addresses conflicts of interest and disrupts case…

A recent study by WarrCloud shows the cost of processing new auto warranty claims increased by 28% since 2020. Processing a single claim now takes 47% more time, with dealerships seeing a 17% rise in…