The Consumer Financial Protection Bureau has proposed to extend its oversight to auto finance lenders that are not banks.
More Americans are taking on car loans and those loans are bigger than they’ve been in recent years.
More bank risk managers are predicting an increase in loan delinquencies. But this may be good news for consumers with less-than-perfect credit.
Consumers are flocking to lenders for mortgages, credit cards and auto loans.
Car lenders and the CFPB are still at odds over auto loan lending practices.
More consumers are making their payments on time, according to Experian.
Auto lender Ally Financial is battling with the CFPB over its car loan practices.
Car buyers are taking advantage of low interest rates by taking out larger auto loans.
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.