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AG Coalition: CFPB Has 'No Authority to Overrule' High Court’s ECOA Interpretation
Experian: Finance Amounts, Monthly Payments Reach New Highs in Q2
Senate Committee Narrowly Confirms Trump's Pick to Head BCFP
FTC Charges Arizona Group With Falsifying Incomes on Consumer Credit Apps
Fed Reserve Approves Second Rate Hike of 2018

Fed Reserve Approves Second Rate Hike of 2018

For the seventh time since 2015, the Federal Reserve increased the Federal Funds Rate a quarter percentage. Cox Automotive economists say higher interest rates and tighter credit have already led to softening retail demand, noting that further rate increases will impact all corners of the car business.

June 14, 2018

Special Report: Unwinding the CFPB

Special Report: Unwinding the CFPB

F&I tracks the rise and fall of the Consumer Financial Protection Bureau’s aggressive but ultimately futile five-year assault on dealer participation.

May 31, 2018

Experian: Americans Borrow Record Amounts for Auto Purchases in Q1
U.S. Senate Approves Resolution to Repeal CFPB’s Dealer Participation Guidance
TransUnion: Auto Loan Growth Slowing

TransUnion: Auto Loan Growth Slowing

Originations continued to fall at a faster rate than previous years, as finance sources continued to tighten underwriting standards during 2017’s end-of-year quarter. TransUnion officials, however, say the sector is performing well as the economy remains relatively strong.

February 22, 2018

Military Lending Act's December Update More Harmful Than First Thought

Military Lending Act's December Update More Harmful Than First Thought

A Hudson Cook attorney told industry trade groups in a Jan. 18 memo that the Defense Department’s Dec. 14 interpretative rule, combined with something else it did in July 2015, makes it ‘highly unlikely that any dealer or finance source will be willing to originate or purchase’ a vehicle finance transaction if credit-protection products are included.

February 22, 2018

New York Fed: Credit Scores Rise as Household Debt Reaches New Peak

Credit scores in the fourth quarter of 2017 were only a half a point higher than the median score recorded during the first quarter of 2009. And according to the Federal Reserve Bank of New York, 2017 auto loan origination volume reached the highest level it has ever observed.

February 15, 2018