Is the auto lending industry the next to have its bubble burst?
Given the recent history of the American economy and, more specifically, its lending institutions, there remains some understandable trepidation from consumers.
CFPB, Justice Department investigating allegedly prejudiced auto loan practices
Government regulators are moving toward potential action against auto lenders who may be guilty of discriminatory practices.
Credit union rates contribute to record-setting 2013 in auto lending
Favorable rates offered by credit unions have reportedly contributed to the record auto loans figures exhibited in the U.S. during 2013.
Consumer credit pool expanding
Consumer credit in the U.S. experienced its most significant surge in five months during October, according to a recent report by Bloomberg.
Auto lending gives and takes from bottom lines in 2013
A surge in auto lending helped revitalize car sales and provided a boon the financial institutions offering them in 2013, but there are headaches that come with originations.
Auto sales on the rise, even as credit availability and home sales lag
In its recently released January MarketPulse report, real estate industry analysis firm CoreLogic evaluated which factors most prominently shaped the mortgage financing landscape in 2013, and what consumers can expect in terms of credit availability in 2014.
Household borrowing rates provide promise for economy's continued recovery
Household borrowing rates increased significantly during the fourth quarter of 2013, a sign that American consumers may finally be back on their feet and that the lending environment is returning to something resembling normalcy.
CFPB asked to provide auto lenders with more information
The U.S. Consumer Financial Protection Bureau is being asked to provide greater detail regarding its regulatory advances on the automotive lending industry.
House committee chair demanding answers from CFPB
The U.S. Consumer Financial Protection Bureau (CFPB) is under increasing pressure to provide evidence of the alleged discrimination it has found within the auto lending market.
Leases, long-term loans continue to grow in popularity for car shoppers
Financing is still the most common means of paying for a car, but auto leasing is rapidly growing in popularity.
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