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Congress Is Trying To Undo Oversight Of Dealership Loans

Congress Is Trying To Undo Oversight Of Dealership Loans

The Consumer Financial Protection Bureau was created in 2011 to ensure that lenders treat borrowers fairly and transparently. However, a curious legal loophole prevented the CFPB from overseeing car dealerships, even though those dealerships broker billions of auto loans each year. The loophole... read more

November 19, 2015 by  -
New York City skyline (by Flickr user AngMoKio)

New York City Wants To Make Car Loans More Transparent & Eliminate Dealer Markups

Earlier today, we reported that the Department of Justice had launched an investigation of U.S. auto lending practices. Specifically, the DOJ is concerned that minority... read more April 2, 2015 by 

Money and car keys

DOJ: Minorities May Have Been Unfairly Targeted With Deceptive Loans

Following the Great Recession, credit dried up, dealing a brutal blow to the auto industry. Lenders tightened up so much that even people boasting fairly good credit scores... read more April 2, 2015 by 

Auto loan

Shopping For A Car Can Put A Dent In Your Credit Score

Today, many Americans have a pretty solid understanding of how credit scores work. Thanks to the internet and the many, many resources it offers, we know what makes scores go... read more March 30, 2015 by 

2015 Chrysler 200

Chrysler Adds 84-Month Financing, As Other Automakers Tread Carefully

As the price of vehicles pushes upward and household income stagnates, it’s not all that surprising that new-car shoppers are increasingly looking not to traditional... read more November 25, 2014 by 

Auto loan

Is Leasing A Car A Losing Game?

To buy or to lease? That is the question Consumer Reports asked in a recent article examining the pros and cons of buying and leasing new cars. The answer? "In general it... read more October 31, 2014 by 

The impact of credit scores on loan offers (via LendingTree)

Your Credit Score & Your Auto Loan: 4 Things You Can Do To Get A Better Interest Rate

Have you been thinking about buying a car? Whether you're in the market for a brand new ride or something slightly used, now could be a good time to act. If you're a new-car... read more October 27, 2014 by 

Auto loan

The Average Car Loan Is Now 5.5 Years (And Growing)

Back in July, Equifax revealed that Americans have taken out $902.2 billion in car loans -- an all-time high. But the credit company also told us not to worry, because nearly... read more August 26, 2014 by 

Auto loan

Breathe Easy: Feds Say There's No Subprime Bubble In Auto Loans

Car sales are booming, and banks are doing brisk business in auto loans, especially subprime loans for borrowers with poor credit or no credit at all. That has many analysts... read more August 11, 2014 by 

Money and car keys

Car Prices Are Growing Faster Than Our Salaries, But We've Got New Ways Of Nabbing Bargains

If you're a new car shopper, we have good news and bad news. How's about we start with the bad news first? Car prices are creeping up faster than household income -- and they... read more August 8, 2014 by 

Auto loan

Americans Owe $902.2 Billion In Car Loans, A Record High (And Most Are Re-paying On Time)

According to consumer credit reporting agency Equifax, Americans now owe a staggering $902.2 billion in auto loans -- a 10 percent increase from this time last year and an... read more July 25, 2014 by 

Auto loan

Ally Pays $98 Million To Settle Racial-Bias Lending Probe: Will This Simplify Your Next Auto Loan?

The Consumer Financial Protection Bureau recently investigated auto lender Ally Financial amid concerns that the company regularly charged higher interest rates to non-white... read more December 23, 2013 by 

Handing over car keys

Auto Loan Interest Rates Hit All-Time Low, Amounts Financed Meet 2008 Highs

There's good news and bad news on the automotive front. The good news is for auto shoppers: according to Experian Automotive, the average interest rate for U.S. car loans... read more December 9, 2013 by 

Auto loan

Buying A Car Today? Go Prepared, Or Prepare To Spend Extra: UPDATED

UPDATE: See below In America, auto sales are going strong, and as we mentioned earlier, they're poised to get even stronger this weekend. But if you're one of the many folks... read more November 29, 2013 by 

Best & worst states for financing a new car (July 2013)

Michigan Offers Cheapest Auto Loans, Rhode Island Is Most Expensive:

Yesterday, we told you how all 50 states rank when it comes to the cost of car ownership. Now, the folks at have published a related set of rankings, based... read more August 22, 2013 by  1

Repo Man

Repo Man Finds Himself Out Of A Job As More Pay Car Loans

Though America's economic recovery seemed iffy at one time, it now appears that we're on the right track. Consumer confidence is mostly high, stocks are mostly up, and though... read more August 19, 2013 by  0


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