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VW Credit Expanding Illinois Facility

VW Credit Inc. (VCI) broke ground this week on a 30,000-square-foot expansion of its Libertyville, Ill., facility. The project is expected to be completed early next year.

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CFPB Blog Puts Auto Lenders On Notice

In a recent blog post on the Consumer Financial Protection Bureau (CFPB) website, the Assistant Director for the Office of Fair Lending and Equal Opportunity said the agency will be paying more attention to non-mortgage loans, and specifically called out auto loans.

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Chrysler Won't Renew Deal With Ally

Chrysler Group LLC notified Ally Financial Inc. that it will not renew its auto finance agreement with the former captive lender. Officials, however, left open the possibility of a future partnership.

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