je.st
news
Tag: auto finance
Truth-Telling in Auto Lending is Coming: Blockchain Technology & Smart Contracts May Replace Your Auto Finance Guy, Controller, & Maybe F&I & Floor Planning at the Dealership.
2016-09-02 00:16:20| AutomotiveDigest.com - Automotive Industry News
SITUATION: Blockchain Tech to be Auto Lending Game Changer: Mashes up cryptography & peer-to-peer networking. Creates a shared database of transactions & other information. A blockchain is an ever-lengthening chain of blocks of data. Toyota Financial Services has used Blockchain & smart contracts. Delinquent auto loans automatically transfer ownership & loanee cant use the car. All parties to know all about auto loans, rates, apps, stips, & fine print. SIGNIFICANCE: Blockchain could reduce need for businesses to organize as companies. Collaborators will work together as free agents instead of under bosses. Blockchain could replace bankers, accountants, & lawyers, escrow accounts, insurance, & verification of payments & performance of contracts. Truth-telling feature of Blockchain makes it enormously useful to banks. Ethereum, goes beyond ledger function; Works more like Google Docsshares SW that can be used by all but is tamperproof. Start getting up to speed on BlockChain with an in-depth Bloomberg article. ______________________________________________________________ The Article Truth-Telling in Auto Lending is Coming: Blockchain Technology & Smart Contracts May Replace Your Auto Finance Guy, Controller, & Maybe F&I & Floor Planning at the Dealership. appeared first on Automotive Digest.
Tags: the
at
technology
auto
You Will Never Own Another Car Again:Uber Trillions After $116B Auto Finance Market Including Leases & Loans to You and Drivers
2016-06-08 23:32:12| AutomotiveDigest.com - Automotive Industry News
strong> The Situation: Uber is gearing up to upend the auto loan market. Making big push into Trillion $ auto financing market Endgame of Uber's auto market disruption is a world where you never own a car again. The Significance Uber has fleet discount deals with all the major manufacturers Wants more Ubers on the road by any means necessary in newer cars. Created Xchange Leasing last year as a wholly-owned Uber subsidiary. Changing car ownership for drivers, with flexible options to allow access to a car to earn extra income By the end of 2016, Uber expects 100,000 cars will have been provided globally strong> Be an UberReader and go to CNBC site for more about auto funding The Article You Will Never Own Another Car Again:Uber Trillions After $116B Auto Finance Market Including Leases & Loans to You and Drivers appeared first on Automotive Digest.
Experian Automotive Reports on Fourth Quarter Auto Finance Trends
2016-03-10 07:18:29| AutomotiveDigest.com - Automotive Industry News
Experian Automotive has released its latest report on the auto finance market, and it was a very quarter. The fourth quarter 2015 study digs into the latest updates in outstanding loan balances, risk distribution, delinquency rates, and financing trends. Here are some of the highlights from the report: Leasing: As anticipated, vehicle leasing is continuing […] The Article Experian Automotive Reports on Fourth Quarter Auto Finance Trends appeared first on Automotive Digest.
Tags: auto
reports
finance
automotive
Honda's US auto finance arm to pay US$24 million over loan pricing problems
2015-07-14 23:01:40| Automakers - Topix.net
WASHINGTON: A U.S. auto finance arm of Honda Motor Co will pay US$24 million in restitution over allegations that its loan pricing practices caused minority customers to pay higher interest rates than white borrowers did, U.S. regulators said on Tuesday. The U.S. Consumer Financial Protection Bureau and Department of Justice said American Honda Finance Corp also would change its pricing and compensation system to reduce the potential for discrimination.
Tags: auto
problems
pay
finance
Honda's U.S. auto finance arm to pay $24 million over loan pricing problems
2015-07-14 22:40:59| Auto Dealers - Topix.net
The U.S. Consumer Financial Protection Bureau and Department of Justice said American Honda Finance Corp also would change its pricing and compensation system to reduce the potential for discrimination. The company added that it disagreed with how the two regulators determined discrimination but "we nonetheless share a fundamental agreement in the importance of fair lending."
Tags: auto
problems
pay
finance