It happens too often. An auto lender or servicer learns their collateral has been towed for repairs and the garage claims a priority lien that can only be discharged by payment for “major repairs,” compounded by ballooning storage fees, and there is no expectation of payment by the borrower. Faced with paying for expensive charges and fees on a vehicle, many lenders and owners of retail...
Joseph Cioffi recently sat down with Raul Panganiban of ValueWalk, a site covering the latest financial news impacting hedge funds and asset managers with an emphasis on value investing, for their podcast “ValueTalks.”
Joseph Cioffi recently sat down with Nick Zulovich of SubPrime Auto Finance News for an episode of the Auto Remarketing Podcast.
As we continue to break down and analyze the responses to our subprime auto survey, covered in our inaugural market study, servicers, deserve a closer look given the unique vantage point they have in securitizations.
By popular demand, the National Automotive Finance (NAF) Association’s Non-Prime Auto Financing Conference in Plano, Texas, last week included a close look at one of the biggest challenges facing subprime lenders, dealer and dealer-enabled fraud. I was privileged to be on the panel with an experienced group of professionals: Joel Kennedy, Chief Operating Officer at TruDecision, and newly...
On June 7, Joseph Cioffi, Davis & Gilbert Insolvency, Creditor’s Rights & Financial Products Chair, will speak on a panel titled “How to Protect Against the Largest Category of Fraud for Lenders?” at the 23rd Annual Non-Prime Auto Financing Conference taking place in Plano, Texas on June 5-7.
Joseph Cioffi was quoted in a S&P Global Market Intelligence article, "Auto Loan-Delinquency Rise Moderates as Banks Focus on Credit Quality."