Car loan balances are at an all-time high, according to Experian Automotive.
The CFPB held an Auto Finance Forum recently to discuss auto lending discrimination.
Credit unions posted very healthy results in the second quarter of this year.
Banks and financial institutions reported a 16th consecutive quarter of year-over-year earnings
Americans’ balances on their car loans haven risen over the last year, while late payments have remained flat.
Car repossessions are at their lowest rate since Experian Automotive began tracking them seven years ago.
More than 50,000 military service members will receive about $6.5 million in refunds.
The federal agency that protects consumers against unfair car loans has issued a warning.
Several auto lenders are being investigated for discriminating practices against consumers who obtained auto loans.
While there is a slight rise in consumers that are 60-days late on car loans, the market is still relatively stable.