The Consumer Financial Protection Bureau recently investigated auto lender Ally Financial amid concerns that the company regularly charged higher interest rates to non-white borrowers. According to AutoNews, Ally has now agreed to cough up $98 million to settle the probe. Could this make things... read more
Are America's Auto Lenders Discriminating Against Minorities?
Experian: Auto Credit Continuing To Loosen, Loan Amounts Up
Vehicle Affordability Up, Despite Finance Crunch, Lower Incomes
If you've been to the dealership earlier this year and weren't at all pleased with the finance terms offered, you might want to give it another try. Auto lenders are... read more
August 26, 2010 by Bengt Halvorson