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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  • Dealers to Face More Lender Scrutiny 
    Automotive News 08 Oct 2014
    The "larger participants" rule proposed by the Consumer Financial Protection Bureau (CFPB) could be enacted before the end of the year, prompting more scrutiny of car dealerships and increasing ...
  • Car Dealers Resisting Regulations on Fees 
    Detroit Free Press 07 Oct 2014
    The National Automobile Dealers Association (NADA) is fighting efforts by the Consumer Financial Protection Bureau (CFPB) to eliminate dealers' ability to charge varying rates for higher-risk loans.
  • Stressed Borrowers Rattle Resurgent Subprime Lending Industry 
    New York Times 12 Sep 2014
    Subprime lenders in recent years have successfully issued billions of dollars in auto and other loans without alarming levels of defaults, but there are indications that their luck may be running out.
  • Texas Auto-Finance Firm Fined for Providing Inaccurate Information 
    Wall Street Journal 21 Aug 2014
    The Consumer Financial Protection Bureau (CFPB) on Aug. 20 ordered an auto finance company to pay a $2.
  • Moody?s Says Lenders Are Backing off Subprime Auto Loans 
    Washington Post 20 Aug 2014
    Fewer lenders are extending car loans to consumers with poor credit histories, reversing a trend that had triggered alarm of a new financial bubble, Moody’s Investors Service reports.
  • Moody?s Tamps Down Concerns About Surge in Auto Loans 
    New York Times 12 Aug 2014
    A new report from Moody's Analytics shows that even while the market for subprime auto loans may be bubbling, it likely will not burst.
  • Lenders Wary of Feds' Scrutiny 
    Automotive News 11 Aug 2014
    The U.S. Justice Department confirms that it has sent subpoenas to GM Financial and Santander Consumer USA -- the two largest issuers of securities based on subprime auto loans.
  • Justice Department Subpoenas GM Over Subprime Auto Loans 
    Washington Post 05 Aug 2014
    The Justice Department has served General Motors Financial with a subpoena demanding documents related to underwriting criteria for subprime auto loans it made and securitized since 2007.
  • Auto Buyers Load Up on Record Amount of Loans 03 Jun 2014
    Auto buyers borrowed a record amount in the first quarter with the average monthly payment climbing to an all-time high of $474, according to a new report from Experian Automotive.
  • Car Buyers Upside Down on Auto Loans 
    Chicago Tribune 15 May 2014
    In the first quarter of 2014, 27 percent of new-vehicle buyers who traded in an old model owed more on the trade-in than it was worth, according to the Power Information Network (PIN), a unit of J.D.
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