A record 7 million Americans are 90 days or more behind on their auto loan payments, the Federal Reserve Bank of New York reported Tuesday, even more than in the wake of the financial crisis era. This is a red flag, economists warn. ...
Heather Long. Los Angeles Times. Tue, 12 Feb 2019 12:05:00 PST.
Wells Fargo and Chase Auto remain cautious on auto finance, although Wells Fargo increased auto loan originations last quarter, and Chase Auto Finance has increased lease originations for its private-label customers.
AutoNews.com. Wed, 17 Oct 2018 10:00:00 EST. Subscription may be required.
The practical effect is debatable, now that President Trump approved a law rescinding an Obama-Era rule against discrimination in auto lending. However, the politics of the vote were particularly heated.
By Jim Henry, Contributor. Forbes. Tue, 22 May 2018 13:42:00 -0400.
The House voted Tuesday to roll back CFPB guidance issued in 2013, which was intended to limit discrimination in the car loan industry. The vote could lead to further repeals of federal regulations.
Ian Wren. NPR. Tue, 08 May 2018 21:26:00 -0400.
A rule from the Consumer Financial Protection Bureau aimed at discrimination in auto loans opens a can of worms for all consumers, in terms of how dealerships get paid for acting as a middleman on loans.
By Jim Henry, Contributor. Forbes. Mon, 30 Apr 2018 10:44:00 -0400.
As the Senate closes in on overturning the Consumer Financial Protection Bureau's 2013 indirect auto loan rule, a central question is how lasting the congressional measure will be in limiting the CFPB's authority.
American Banker. Wed, 18 Apr 2018 04:40:25 GMT.