The Consumer Financial Protection Bureau has proposed to extend its oversight to auto finance lenders that are not banks.
Payments for used car loans are on the rise, while loans to credit-challenged car buyers are not being given as freely.
The news that an auto finance company distorted consumer credit records for years is a good reminder to check your credit report regularly.
More Americans are taking on car loans and those loans are bigger than they’ve been in recent years.
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.
Car buyers are taking advantage of low interest rates by taking out larger auto loans.
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.