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.
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.