Latest Auto Lending News

Here are the latest news in the world of consumer auto lending.  Stay informed on the latest practices affecting the cost of your next car loan and vehicle.

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  • Abusive Lending Denies Latinos Their American Dream 
    By Mike Calhoun and Noel Poyo 14 Oct 2015
    As the month-long observance of Hispanic Heritage Month concludes, we must acknowledge that much more needs to be done to ensure that Latino families have the opportunity to more fully participate in a financial marketplace that is fair and responsible.
  • Facts are Facts: Auto Dealer Interest Rate Markups Cost Consumers  
    By Mike Calhoun 08 May 2015
    A recent blog on the Washington Post site took Senator Elizabeth Warren to task for citing a statistic in a report from the Center for Responsible Lending (CRL). Our report quantified the amount that consumers pay in auto dealer markups.
  • CRL Identifies Risks Lurking in the Subprime Auto Market 
    By Chris Kukla 04 Feb 2015
    Media outlets continue to report on the potential dangers of the rise in subprime auto lending. Auto lenders, particularly in the subprime auto lending market, are increasingly using risky practices to fuel lending growth.
  • Miss a Car Payment? N.J. Bill Would Ban Remote Kill Switch 
    South Jersey Times (NJ) 12 Jan 2015
    New Jersey Assemblymen Paul Moriarty and Angel Fuentes have sponsored a measure that would ban the use of "kill-switch" remote shut-down technology that car dealers or loan lenders use to enforce ...
  • Expanding Consumer Protection in Auto Finance 
    Center for American Progress 12 Jan 2015
    Eighty-five percent of new-car purchases and 54 percent of used-car purchases in the United States involve financing, but not always through banks or credit unions.
  • Honda's Finance Arm to Be Charged With Fair Lending Violations 
    Reuters 02 Dec 2014
    On Dec. 2, American Honda Finance Corp., the U.S. lending arm of Honda Motor Co. Ltd., said the Department of Justice and the Consumer Financial Protection Bureau are preparing to charge it with ...
  • U.S. Accuses Toyota Credit Unit of Discriminatory Loan Pricing 
    Chicago Tribune 01 Dec 2014
    Federal authorities have notified Toyota Motor Credit Corp. of their concern over the pricing of its auto loans.

    In a letter dated Nov.
  • Consumers Driving Up Record Auto Loans: Experian 01 Dec 2014
    A new report from Experian Automotive shows that U.S. consumers are spending more than ever on vehicles, both new and used.
  • More Expensive Cars Are Leading to Longer-Term Loans 
    New York Times 06 Nov 2014
    Experian Automotive reports that the average length of a new-car loan was a record 66 months, or 5.5 years, in the second quarter, the most recent period for which data is available.
  • Bank Regulator Warns of Lax Standards on Auto Loans 
    Wall Street Journal 28 Oct 2014
    The increasing size of vehicle loans is causing borrowers to struggle with the debt and auto lenders to assume bigger losses when they cannot pay, an official with the Office of the Comptroller of ...
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