Business / Industry Track
2020 has been a year with unique challenges that were beyond anyone’s prediction. Government intervention, regulatory mandates, and sociopolitical shifts are bringing new opportunities and challenges. Jennifer’s years of bipartisan experience on and off the Hill will provide us with a balanced perspective on what the results of this election cycle could mean as we look forward.
A panel of leading non-prime auto financing executives will provide a retrospective view of the very unusual year the industry has had in 2020. They will provide insights on the effects of the COVID19 pandemic, developing industry trends, and emerging areas of concern. The panel will also share thoughts on the election, which will have just occurred, and its possible effects on the auto financing industry. This session will provide attendees useful insights on the transition of auto financing from 2020 to 2021.
INTERACTIVE SESSION
Restricted Admission - Randomly chosen finance company conference attendees will be selected to participate
The Auto Finance Company version of Dealer Twenty Groups... We're creating a peer-to-peer learning environment covering Acquisitions and Portfolio Management. Our facilitators will lead the groups in discussion around key challenges and opportunities for each area. The goal will be for participants to walk away with ideas for new strategies, tools, data, and business processes that will help improve operational practices.
Restricted admission – Randomly chosen vendor company conference attendees will be selected to participate
This session is for those companies selling products or services to an auto finance company. Pitfalls and obstacles that a vendor faces when selling to a finance company will be explored. Recommendations and solutions will be provided. Vendors leaving the session will gain information on how to better engage with their customers successfully.
Session Sponsor
Join us as we reveal the results of Credit Chronometer’s survey of subprime auto market participants in all areas of the securitization market – originators, investors, trustees, servicers and others in the field – to gauge and compare current market sentiment versus prior studies done in 2019, pre-COVID 2020 and the beginning of the COVID era. Joseph Cioffi, Partner at the law firm of Davis & Gilbert and author of Credit Chronometer, will lead a discussion of the survey’s results with Ines Beato, Senior Vice President, US ABS Global – Structured Finance at DBRS Morningstar and Sean Morgan, Vice President of Finance at Westlake Financial Services.
The panel will analyze expectations and variances among participant groups regarding the three interdependent factors present in securitizations that have traditionally worked together to contribute to the market’s success: Credit Ratings, Credit Enhancements, and Credit Quality. We will discuss participants’ views regarding performance and particular risk factors, including:
Regulatory / Compliance Track
Regulatory / Compliance
Join to hear this panel of key industry attorneys address legal topics impacting auto financing. The extensive coverage is divided into two sessions. In this session federal regulatory/legislative updates (post-election) are covered. Also, a discussion on what’s happening at the state level with Attorneys General and state regulators is provided
In June, the Department of Justice updated its watershed guidance on evaluating corporate compliance programs. The lessons to be learned from their updates can help you to update your program and protect your company from massive fines and penalties. Join expert Kristy Grant-Hart as we explore the top ten lessons to be learned from the DOJ’s update.
The knockout round. In this corner, we have disputes weighing in as FCRA/CDIA, current heavyweight champ-i-o-n, Credit Disputes! And in this corner, we have complaints weighing in as a company's definition, the contender, Respond Timely! Our panelist judges will score the match on the finer points of direct and indirect credit disputes and direct and indirect complaints.
Hear an overview of the NAF Association's Annual Non-Prime Automotive Financing Survey. The NAF Association has collaborated with AFSA to produce this report in which companies in the industry provide data on their operations. This session will provide insights into the industry that are not available anywhere else. Don't miss the opportunity to hear about the latest in non-prime auto financing.
Attend this session to hear how and where misrepresentations occur in deals, along with other recent trends in fraud. Learn what impact fraud has on the non-prime auto financing business and what resources are available to help finance companies combat it.
In these uncertain times, Auto lenders need to understand the impacts of the pandemic on the industry and get insight into the quickly changing environment to prepare for recovery and manage their business for the future. In this session, Craig Sims from Equifax will take a look at overall consumer trends in the auto industry and provide insight into strategies to help lenders manage their business for success as the industry emerges from recent uncertainty.
This session will cover:
This panel will explore two of the most significant developments in non-prime financing: AI and Alternative Payment Technology How can artificial intelligence be used in today’s auto financing business and what must be done to incorporate the technology? Learn how the relationships in "Big Data" can be used to assist and improve underwriting, collections, and customer service functions. The use of handwritten checks is on the decline, particularly with Millennials, iGen/Gen Z and even with Baby Boomers. What should be done to meet this trend? Learn how customer satisfaction can be enhanced through leveraging Push-to-Pay bill notification, Text, and Email to utilize solutions that customers want and finance companies can use to improve performance.
Regulatory/Compliance
Take a journey behind the doors of privacy and learn the best practices and pitfalls of implementing privacy rules. The world is seeing record-breaking numbers of data breaches. Numerous states have implemented or are in the process of implementing privacy rules to combat these breaches. Like the California Consumer Privacy Act went into effect on January 1, which is considered the most comprehensive privacy rule in the US.
Titling issues come up in every company, the panelists will discuss state requirements for title applications, lien releases, the differences between paper and electronic titles, insurance and repossession titles, how to identify a fraudulent title, and claims on liens. Panelists will provide best practices and practical solutions to titling issues.
Join to hear this panel of key industry attorneys address the legal topics impacting auto financing. The extensive coverage is divided into two sessions. In this session hear about what are the federal and state compliance hot spots affecting auto financing. Learn where may we be headed now that the election is over and what finance companies should be doing now.
Amy Martin will discuss the impact COVID-19 has had on auto loan ABS collateral and ratings performance. The presentation will include the results of S&P Global Rating’s loan-level research on COVID-19-related extensions. She will also summarize key takeaways from S&P’s Auto Loan ABS Tracker reports including vintage analysis for several subprime securitizers compared to S&P’s Subprime Auto Loan Static Index (ALSI).
RepoCon