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The CFPB launches the nation’s largest database of federal consumer financial complaints. Bureau officials said the database will be used to prioritize its investigations, among other things.
Read More →The NADA and the National Association of Minority Automobile Dealers say the CFPB’s actions in regards to dealer participation will have an opposite effect on consumers, claiming their cost of credit will go up.
Read More →Delinquencies in the fourth quarter 2012 experience their first year-over-year increase since 2009, but they still remain below precession levels, Experian Automotive reports.
Read More →Chase, Wells Fargo and Huntington Bank report expanded auto lending in the fourth quarter 2012 vs. the same quarter in 2011.
Read More →Facebook is the platform for Shastic’s new AutoCalcubot, which turns the social network into a site for financial institutions to generate new auto loans.
Read More →Despite a quarterly drop in originations, Capital One grew its auto finance business by $1.2 billion in the third quarter.
Read More →Auto was the only loan type to show an increase in its default rate, but officials with the S&P/Experian Consumer Credit Default Indices don’t seem concerned.
Read More →The bank was active in the third quarter, increasing its core loan portfolio by $11.9 billion. Officials attributed the bank's record performance to improving credit quality.
Read More →Fitch said a majority of 'AAAsf' rated U.S. Prime Auto Loan ABS would be able to withstand a recession and serious declines in used-vehicle values.
Read More →Results of a survey conducted by CarFinance.com shows that consumers hate new-car negotiations the most. As for the F&I process, getting the lowest possible interest rate is most important.
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