Each year the NAF Association provides the industry with a relevant and timely agenda of topics for its annual conference that addresses areas impacting the non-prime auto financing market. This year, portfolio quality, artificial intelligence, collection/repossession and debt buying, an economic forecast, and a legal track will all be featured.
In the Legal/Regulatory Panel, Nanci and several other panelists discussed federal and state compliance issues in auto finance origination, servicing, and collections. They addressed disclosures, fees, new products and services, e-contracting, and why having a comprehensive compliance management system remains important. Additionally, they discussed why subprime lease financing isn’t so easy for an auto finance company, our observations and lessons learned from performing risk assessments and twins of different mothers: is there a wall to lending in Canada?