The CFPB held an Auto Finance Forum recently to discuss auto lending discrimination.
Americans’ balances on their car loans haven risen over the last year, while late payments have remained flat.
More than 50,000 military service members will receive about $6.5 million in refunds.
Hybrid car buyers spend less on a new car through the life of a car loan due to better car loan interest rates.
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.
International regulators scale back tough Basel III standards designed to prevent the next financial crisis.
It looks like banks’ improving economic outlook and desire to boost profits is turning a hair dryer on the car loan credit freeze. The Associated Press is reporting car loan approval rates are rising, especially for borrowers with higher credit scores: “The loan approval rate for customers with the highest credit scores was 90 percent