Auto Lending Is The New Payday Lending (And That’s A Good Thing)
I’m on my way to the Auto Finance Summit in Sin City. In my last post, I made the case that the financial product no one talks about – auto finance – is actually the single largest spend category in...
View ArticleFive Subprime Auto Finance Predictions – And Why You Should Care
This is the third installment (read one and two) on why I think subprime auto lending is about to transform radically, and why it matters if you’re interested in consumer finance or financial...
View ArticleDisrupting Auto Finance
Last year, I woke up to the sleeping giant of auto finance. Over the last decade, we’ve witnessed an explosion of startups building software that dramatically cuts inefficiencies in the exchange of...
View ArticleHow The Internet Of Things Will Impact Vehicles
It seems no industry is safe from the buzziest of buzz words – the internet of things. I’d like to discuss the internet of cars. From titans like Google and Apple launching platforms to bring Android...
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Have We Reached ‘Peak Car’?
Sitting at my desk after battling LA traffic, it may appear counterintuitive that there are fewer cars on the road, relative to people in our homeland, and that this car to capita ratio may be on a...
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Insurance: $7 Trillion Goliath
Fifteen years ago banking was a big, lumbering vertically integrated giant largely untouched by the Software Revolution. Sending money to someone else required scribbling your name on a dead tree and...
View ArticleImplications of a Post Peak Car Homeland
A couple weeks ago I proposed the US has achieved Peak Car, suggesting that the car to adult ratio will only go down from here. I interpret the lack of death threats as general skepticism verses...
View ArticleCash Is Here To Stay Despite The Rise Of Bitcoin, Venmo, And Apple Pay
Everyone in the financial services industry is very excited about the digitization of money. How exciting it would be to forego cash (and those annoying checks), in favor of a more efficient world of...
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This Week’s Google Payday Ban Will Inadvertently Do Harm
It’s easy to agree that payday loans are the underbelly of the second oldest profession and generally bad for the people who rely on them. Google should be applauded for stepping up and doing...
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Banks vs. Bots
Fintech is en vogue right now, and for good reason. Trim’s digital assistant cuts unwanted recurring bills automagically. Mint tracks our expenses and helps us achieve our goals. Digit squirrels away...
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