CRL Publications on Auto Financing
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- Under the Hood: Auto Loan Interest Rate Hikes Inflate Consumer Costs and Loan Losses
Published: Apr 19 2011 Issue: Auto Financing
New report from CRL highlights a 24 percent increase in dealer rate markup volume to $25.8 billion per year; reveals a higher interest rate markup for consumers with weaker credit; links higher...
- Auto Lending Abuses in Dealer-Financed Loans
Published: Apr 6 2011 Issue: Auto Financing
Predatory practices in auto financing cost consumers billions of dollars every year. Finding a good deal is no longer based on the quality of the car or the creditworthiness of the customer, but...
- Auto Dealers Should Play By The Same Rules As Everyone Else
Published: Jun 17 2010 Issue: Auto Financing, Consumer Financial Protection Bureau
The auto dealer lobby successfully fought to receive a special exemption in the House from the rules of the Consumer Financial Protection Bureau (CFPB) in the financial reform bill even when the...
- Racial Disparities in Auto Lending
Published: May 4 2010 Issue: Auto Financing, Consumer Financial Protection Bureau
A brief by the National Consumer Law Center shows state-by-state markups on auto loan rates by race, revealing wide disparities between costs for African-American and white car buyers.
- All Auto Financing Should be Covered by the Consumer Watchdog
Published: Apr 29 2010 Issue: Auto Financing, Consumer Financial Protection Bureau
Consumer Advocates and The Pentagon Call for all Auto Dealer-Lenders to be Covered by Consumer Watchdog.
- Military Coalition Letter to Senate Banking re Car Dealer Exemption from CFPB
Published: Apr 15 2010 Issue: Auto Financing, Consumer Financial Protection Bureau
The Military Coalition expressed opposition via letter to the Senate Banking Committee about exempting car dealers from the financial reform bill on April 15 2010. The Department of Defense wrote a...
- No Carve-Outs for Auto Dealers
Published: Apr 12 2010 Issue: Auto Financing, Consumer Financial Protection Bureau
Car Lenders Must Be Covered by the CFPA.
- CRL Argues All Banks Must Follow State Repossession Laws
Published: Mar 5 2010 Issue: Auto Financing
In this legal brief CRL, joined by multiple allies, explains why National Banks regulated by the federal Office of Comptroller of the Currency must provide California borrowers with the notices...
- DoD Letter in Support of CFPA Requests No Auto Dealer Carve Out
Published: Feb 26 2010 Issue: Auto Financing, Consumer Financial Protection Bureau
In a letter to the Treasury Department, the Department of Defense (DoD) announced its support for financial reform, including the creation of a Consumer Financial Protection Agency, to protect its...
- Auto Dealers’ Lending Abuses Cost Billions
Published: Nov 9 2009 Issue: Auto Financing
Auto dealers should not be exempt from the CFPA because of predatory financing practices like kickbacks or markups, yo yo scams, and car loan abuses targeted toward African Americans and low- to...